Treasury
in sentence
183 examples of Treasury in a sentence
Similarly, Clinton’s
treasury
secretary, Robert Rubin, and IMF Managing Director Michel Camdessus were attacked for committing public money to bail out New York banks that had loaned to feckless East Asians in 1997-1998.
Russia's
treasury
lost billions of dollars in this way.
Since the ten-year US
Treasury
bond rate tends to be one percentage point above the average of expected future short-term interest rates over the next decade, even the expectation of five years of deep depression and near-zero short-term interest rates should not push the 10-Year
Treasury
rate below 3%.
More of the same in Angola, where last year an IMF investigation revealed that $4 billion disappeared from Angola's
treasury
over the past five years.
According to the Zimbabwean finance minister, Tendai Biti, four years after the military took over the diamond fields, the national
treasury
has received not one penny of royalties from the sale of Marange diamonds.
Everything else that has been proposed to save the eurozone in its current form – a central treasury, a monetary authority that does more than target inflation, fiscal harmonization, a new treaty – is a political pipe dream.
Given that central banks are owned by the government, and that interest paid on outstanding bonds is remitted back to the national treasury, these government bonds are fundamentally different from those owned by other creditors.
A very large share of these are US
treasury
bonds and mortgages.
On his web page and through his radio program, Fujimori assures listeners that Toledo's anti-corruption program is a fantasy and that Toledo's association with Montesinos will bring about more looting of the
treasury.
Even if some of these losses are offset for the government as a whole (as the central bank loses on its holdings of government debt, the
treasury
gains in equal measure, because the debt it owes is worth less), the losses on long-term private debt holdings are real.
British economist Willem Buiter has bluntly accused central banks and
treasury
officials of “regulatory capture” by the financial sector, particularly in the US.
This is a strong charge, especially given the huge uncertainties that central banks and
treasury
officials have been facing.
One hypothesis is that foreign central banks that were accumulating trillions of dollars finally figured out that they were likely to be holding these reserves for years to come, and could afford to put at least some of the money into medium-term US
treasury
notes yielding (initially) far higher returns than T-bills.
Creating a common central bank without a common
treasury
means that government debts are denominated in a currency that no single member country controls, making them subject to the risk of default.
From 2003 to 2004, the Japanese
treasury
purchased a large amount of dollars, thereby easing monetary conditions at a time when the BOJ was reluctant to pursue open market operations.
The alternative to dismantling the EU is to strengthen it – to pool the debt and create a European
treasury.
Indeed, many of them received interest rates as high as 60 percent on the Russian
treasury
bills that they purchased in the past year.
Given aging populations in industrial countries, large commitments from governments to social-insurance systems, and no clear plans for balancing government budgets in the long run, we would expect to see inflation and risk premiums – perhaps not substantial, but clearly visible – priced into even the largest and richest economies’
treasury
debt.
In Italy between 1961 and 1994, for example, stock investments brought an average return of around 6% more than investments in
treasury
securities.
Certainly, there have been extraordinary periods, such as the 1950s, when the differential between investing in the stock exchange in Milan and
treasury
securities climbed to over 22%.
Yet, during that period, the differential in returns between stocks and
treasury
securities was on the order of 6%.
Geithner and Larry Summers, Obama’s chief economic advisor, share Wall Street’s culture as protégés of Robert Rubin, the former
treasury
secretary who went on to serve as a director and senior counselor at Citigroup.
Likewise, Peretz, a rabble-rousing but effective trade unionist, surprised all when he won the Labor Party’s leadership primary and then chose the defense portfolio over the
treasury.
For the moment, global investors cannot get enough of US
treasury
bills, as collapsing interest rates for short-term US securities demonstrates.
As the sovereign-debt crisis has proven, the euro requires mechanisms to confront asymmetrical shocks, which implies the creation of a common
treasury.
Members of Congress criticized Yellen for meeting privately with the president and
treasury
secretary, and denounced her for weighing in on issues tangential to monetary policy.
It is these women’s voices that deserve support – not that of a scary stalking-horse for eight more years (or more) of rule by the thugs who looted America’s treasury, wrecked its economy, and sent 4,000 brave young men and women to die in a war based on lies.
Today, we don’t have a treasury, but we are about to have something similar.
A truly independent ECB, adhering to its own rules, should have refused to accept as collateral all debt liabilities guaranteed by the Greek state – government bonds,
treasury
bills, and the more than €50 billion ($56 billion) of IOUs that Greece’s banks have issued to remain afloat.
For several reasons, it should buy US
treasury
securities.
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