JVB-BSullivan-Econ-Comment-113009

Broker Dealer / Institutional / Advisor Use Only November 30, 2009 ABOUT Treasuries during December BILL SULLIVAN The month of December gets William V. Sullivan, Jr. period encompasses a wide range of events, serves as Chief Economist underway tomorrow, indicating that the year- including boom times for the economy as at JVB Financial Group, end statement date is now just 31 days away. well as recession. In addition, there have working closely with the For 2009, the year-end is particularly been Decembers since 2002 in which the firm’s trading desk, interesting as the date entails a settlement Federal Reserve has actually tightened providing analysis and commentary on the U.S. period that extends over four days, with the monetary policy and there have been several economy and the financial New Year’s holiday occurring on a Friday. instances when the Committee lowered their markets. Among his duties Whether the lengthier than normal period for interest rate target in the final weeks of the are authoring a weekly year-end money will create any unusual calendar year. Moreover, a diverse pattern of report on credit market distortion in the financial markets is certainly trends and maintaining a supply has been noted since earlier in the regular schedule of open to debate. Indeed, a common decade in which the Treasury was paying conference calls that focus perception is that the final weeks of the year down debt in December but in other years on ...