From the Horse Has Wandered Away From the Barn Let’s Lock the Door Dept
Friday, January 25th, 2008http://www.ft.com/cms/s/0/42a48d42-cb36-11dc-97ff-000077b07658.html
Archive for January, 2008
http://www.ft.com/cms/s/0/42a48d42-cb36-11dc-97ff-000077b07658.html
Steepening
Friday, January 25th, 2008The Treasury yield curve has steepened back out to about 142 basis points between the 2 year Treasury and the 10 year Treasury. Dealers report a rumor of a hedge fund "in trouble" and a well paid letter write suggesting that the Fed will slice the funds rate by 50 ...
Flattening
Friday, January 25th, 2008The Treasury yield curve continues to flatten and dealers report that clients are busy unwinding steepeners. At its widest point when fear rather than love reigned supreme the 2year/10 year spread was 150 basis points. Currently that spread is 135 basis points. The 2year/30year spread in the panic traded at ...
Thoughts on the Existing Home Sale Number
Friday, January 25th, 2008An insightful analysis of the Existing Home Sale data from yesterday by the folks at Calculated Risk.
Friday January 25,2008 Opening
Friday, January 25th, 2008Prices of Treasury securities are posting mixed results in overnight trading. The yield on the 2 year note has barely budged and rests at about 2.30 percent while its longer dated cousins maturing in 10 years and 30 years have seen yield declines of about 3.5 basis points. The 10 year yields ...
In the News
Friday, January 25th, 2008http://www.ft.com/cms/s/0/4c2f5670-cadd-11dc-a960-000077b07658. http://online.wsj.com/article/SB120123250591916143.html?mod=hps_us_whats_news http://online.wsj.com/article/SB120120095796214019.html?mod=hps_us_whats_news http://www.nytimes.com/2008/01/25/business/worldbusiness/25export.html?ref=business
January 24 2008 Recap
Thursday, January 24th, 2008Prices of Treasury coupon securities retreated today as a lack of fresh evidence of economic weakness and some supply considerations tugged at sentiment. The market certainly has a more placid and pacific tone today in contrast to the violent and volatile tone of the last several days. Benchmark Treasury issues have ...
Sagging Prices for Treasuries
Thursday, January 24th, 2008Prices of Benchmark Treasury securities are sagging today as the market reverses some of the recent boisterous rally. The steepening of the yield curve which was the salient characteristic of the rally has seen some retracement,too. The market has several problems to confront. Immediately ahead of it is a 20year TIP auction ...
Existing Home Sales
Thursday, January 24th, 2008Existing Home Sales dropped by a greater than expected amount in December falling to 4.89M units(consensus 4.95M) from 5.0M in the prior period. On a month over month basis sales fell 2.2 percent.This series peaked at 7.2M in September 2005. Sales of single family homes dropped as did condos. The median ...