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The Dance of Debt--China and the United States

Type: Webinar

Expert: Joseph Trevisani, Chief Market Analyst at FX Solutions
Moderator: Maud Gilson
Start: Wed, Sep 30 2009, 15:00 GMT
End: Wed, Sep 30 2009, 15:45 GMT
Participants: 28 pre-registered participants

Summary:
When yields on the 10 Year Treasury note were climbing to 4.0% last spring bond traders fears were focused three items: the Federal Reserve’s liquidity provisions, the Obama administration’s ten year deficit projections and the inflationary potential of both programs. The collapse in Treasury prices prompted the Fed’s entry into the Treasury market. Its $300 billon program to purchase government debt led to suspicions that the US Government had embarked on direct monetization of its debt, printing dollars to make up for the revenues it no longer had.

Chinese officials warned the US government to be mindful of its status as the world's largest holder of US debt and cautioned Washington to act as a careful custodian of its currency. But rhetoric aside, the Chinese had reasons of their own to fear what would have been a dangerous fall in the Treasury markets and the consequent rise in American interest rates.

Who is Joseph Trevisani?
Joseph Trevisani was speaker at the 1st ITC 2007 - Barcelona. Watch our event's coverage.

Prior to joining the online trading industry Mr. Trevisani worked at Credit Suisse for 12 years in New York and Singapore as an interbank currency trader and trading desk manager. Returning from Asia he managed the Asian Trading desk and was a proprietary trader for The Bank of Bermuda in Hamilton Bermuda. He has a Bachelor Degree and Masters in International Politics and Finance from Columbia University in New York City. He has been quoted in the Wall Street Journal, Reuters, Bloomberg, Dow Jones Newswires, the Chicago Tribune and Futures Magazine and has appeared on CNBC in New York and London as a currency analyst. He has written economic and currency analysis for SFO Magazine, FXstreet.com, Forex TV and the Aim Bulletin, and has spoken at many conferences and industry events.

Software instructions
HotComm is the multimedia communication tool we will be using to host our New Live Market and Education Sessions. With hotComm you will be able to hear our expert comments dissecting a trade while they show you the graphic resources and the steps they use in their daily trading. This is a fully collaborative tool, so don't hesitate, interaction will be the key to success, by sending your live questions to the experts.
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