Spreads

March 31st, 2009 10:35 am | by John Jansen |

It is shaping up as another trading session overwhelmed by ennui.

Agency spreads are unchanged across the board. Those spreads narrowed yesterday in response to the buyback announcement. The Open Market Desk will intervene shortly to buy agencies and one can be reasonably sure that the market will react to the details of the operation when they are released.

Swaps spreads are marginally wider but very little is trading.

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  1. 3 Responses to “Spreads”

  2. By jonathan on Mar 31, 2009 | Reply

    Does ennui overwhelm or envelop?

  3. By John Jansen on Mar 31, 2009 | Reply

    tough one. I would ask jean paul but he is waiting for Godot!!

  4. By flypaper on Mar 31, 2009 | Reply

    I would argue that ennui permeates; it seems a bit too feeble to overwhelm.

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