The interest rate on the 10 year Treasury note is somewhere between 4.0-4.1% -- and the US seems to be having no trouble financing its current account (or its budget) deficit right now. The risk of…

Jesse Eisinger has a nice Long and Short column exploring CNOOC’s bid for Unocal in the Wall Street Journal. I liked this quote from Lehman’s Ethan Harris:The Cnooc bid "strikes people that we really…

China indicated its reserves have increased to $711 billion at the end of June -- up $101 billion from the end of December 2004. Actually, they are up more than that. China transferred $15 billion …

Dan Drezner and David Altig are waxing enthusiastic about China's decision to allow domestic banks to trade the RMB forward - a development that in theory will help Chinese firms to better "hedge" th…

should be interesting.   I'll miss the actual release though; I won't be back to my desk until later in the day. The number to watch, at least in my view: non-oil imports.   They have not been growin…