Agency Spreads
September 7th, 2008 9:38 pm | by John Jansen |I just spoke with a trader in Tokyo who works for a rather substantial primary dealer. He said that benchmark agency spreads are about 20 basis points tighter than levels which prevailed at 300PM on Friday. Following the Wall Street Journal report spreads tightened about 10 basis points and have moved another 10 basis points in early trading there.
He described market conditions as “illiquid” and “worse than March”.
One Response to “Agency Spreads”
By alex on Sep 8, 2008 | Reply
Have you considered renaming your blog ACROSS THE CURVE THAT NEVER SLEEPS