Monday, January 11, 2010

WSJ Top News - Monday, Jan 11, 2010

U.S. to Sell More Inflation Protected Bonds
The government on Monday is set to ramp up the sale of bonds that provide protection against inflation, known as TIPS, with its biggest offering in five years.TIPS, which account for less than 10% of the $7 trillion Treasury market, offer investors a way to hedge against inflation as their value rises along with the increase in consumer prices. The fixed returns on nominal Treasurys, in contrast, can be eroded over time by inflation, which especially affects long-term bonds.
Banks Brace For Bonus Fury
Critics of Wall Street firms are grumbling that this year's bonuses are far too generous. But some recipients are none too happy, either: They're complaining too much of the payout is coming in stock instead of cash.
Banks and securities firms have told workers their bonuses will contain a bigger percentage of stock to demonstrate that Wall Street is sensitive to public anger over the big paychecks. The idea is that stock reduces employees' temptation to take too many financial risks, since they have an ownership stake.

Crude Oil Surges to 15 Month High
LONDON -- Crude-oil futures extended their surge to 15-month highs Monday amid strong Chinese import data and a weaker dollar.In late morning trading, the front-month February Brent contract on London's ICE futures exchange was up $0.94 at $82.31 a barrel after earlier hitting a 15-month high at $82.45 a barrel.

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