UK Consumer Confidence
Wednesday, July 30th, 2008Consumer confidence in the UK fell to the lowest level since 1974.
Archive for July, 2008
Consumer confidence in the UK fell to the lowest level since 1974.
Labor Pains
Wednesday, July 30th, 2008According to this UK report, inflation may be rising but there has been no corresponding jump in wages.
Summer Rerun
Wednesday, July 30th, 2008I began this blog on January 2, 2008. Late in January I wrote a posting about the highest coupon bonds in each maturity bucket which the Treasury had issued in the early 1980s. I believe all of these issues were from the summer and fall of 1981.The posting drew a ...
Coming Attractions: A Thursday Preview
Wednesday, July 30th, 2008Quite a bit of US data hits the tape tomorrow. Investors will receive their first peek into Q2 GDP . The quarterly employment cost index is on tap as well as the weekly initial jobless claims release. The Chicago Purchasing managers Report is also on the docket.The GDP report will ...
Overnight Economic Data
Wednesday, July 30th, 2008When trading opens on Thursday in the various venues there will be a smorgasbord of data to absorb and assimilate into a global view. Here are some of the key data points: Australian Trade balance with import and export data. Australian Retail sales data and Australian Retail Sales ex inflation New Zealand Business ...
Great Website
Wednesday, July 30th, 2008I have begun to pay more attention to overseas economies and economic data from other countries.I have found this website an invaluable tool. http://www.dailyfx.com/calendar/?keyword=economic%20calendar&ad=1088&CMP=SFS-70160000000CrV7AAK
More Liquidity From the Fed
Wednesday, July 30th, 2008The Federal Reserve announced earlier today a series of measures to enhance and improve the current set of tools it uses to deal with the unique liquidity problems which have threatened financial stability since about this time last year.They have extended the Primary Dealer Lending Facility and the term Security ...
Closing Comments July 30 2008
Wednesday, July 30th, 2008Prices of Treasury coupon securities are closing the day with virtually no change. The yield on the benchmark 2 year note is unchanged at 2.62 percent. The yield on the 5 year note slipped 1 basis point lower to 3.35 percent. Neither the 10 year note nor the 30 year ...
MBS
Wednesday, July 30th, 2008Mortgages are closing the day 3 ticks to 4 ticks tighter to swaps. There was hot money selling early in the day but that was swamped by real money buying later in the session. Purportedly, a ubiquitous money manager on the West Coast was buying mortgages and receiving swaps.Foreign clients ...
Corporate Bonds
Wednesday, July 30th, 2008The corporate bond market is finishing the day about unchanged when one uses the IG 10 as a measuring stick. That index is closing around 132 after trading 129. The index faded as the stock market gave up some of its gains and financial issues lost some of their vitality.Once ...