Archive for January, 2008
Thursday, January 24th, 2008
Initial Jobless Claims refuse to join the chorus of data pointing to economic weakness. I suspect that analysts will race once again to that last refuge of scoundrels,"faulty seasonals" as the culprit.
The Labor Department reported that claims fell to 301K from a revised 302K in the prior week. The 4 ...
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Thursday, January 24th, 2008
Here are a few more details on overnight trading flows. There was substantial buying of the belly of the US Treasury curve by end user types in Japan. Dealers were pleased to liquidate longs on the offered side to those clients.
JGB yields rose in response to a sloppy 20 year ...
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Thursday, January 24th, 2008
Prices of Treasury coupon securities have rebounded from the lows registered at the end of yesterday's most volatile trading session The shift in the yield curve was approximately parrallel for securities with maturities of 2years through 10years as yields declined about 5 basis points. The 30 year bond was a ...
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Wednesday, January 23rd, 2008
Here is link to the FT story on the summit meeting between New York State insurance regulators and banks regarding recapitalization of destitute bond insurers.
JJJ
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Wednesday, January 23rd, 2008
The reversal in stocks and bonds resulted from a news story that insurance regulators in New York are meeting with various banks regarding the woes of the bond insurers. The word is that the banks will be asked to pony up some bucks to recapitalize these critically ill enterprises. The ...
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Wednesday, January 23rd, 2008
Prices of Treasury securities experienced elation and the gloom of defeat in today's volatile and historic trading session.(Historic because as I noted in an earlier post someone was willing to accept the US Treasury as a counterparty on a 30year transaction for a record low yield of 4.10 percent.I wonder ...
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Wednesday, January 23rd, 2008
http://ap.google.com/article/ALeqM5gMSVWqL3tikhx7L_ompt0hDXO-5AD8UBLSMG3
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Wednesday, January 23rd, 2008
In concert with Treasury market,swap rates have moved in lockstep with the herky jerky motion of the stock market. Dealers report an active day with alot of receiving by servicers as well as some receiving associated with corporate bond issuance. There has also been some receiving again today in the ...
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Wednesday, January 23rd, 2008
http://www.voxeu.org/index.php?q=node/888
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Wednesday, January 23rd, 2008
Bond yields are dropping sharply as weakness in equity futures and rumors about bank(s) with problems drives investors to the safety of Treasuries. Yields on benchmark Treasury securities are lower by about 14basis points ,with the exception of the 30 year bond which has seen its yield fall by 8 ...
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