Overnight Treasury Flow
Thursday, June 12th, 2008Some overnight Treasury flow:Asian buyers of bills and discount notes. Commercial Bank buying of 2s and 10s. Central Bank selling of 5s. Japanese paying fixed in 5 year swaps.
Archive for June, 2008
Some overnight Treasury flow:Asian buyers of bills and discount notes. Commercial Bank buying of 2s and 10s. Central Bank selling of 5s. Japanese paying fixed in 5 year swaps.
Opening Comments For June 12 2008
Thursday, June 12th, 2008Prices of Treasury coupon securities slumped in overnight trading and the yield curve flattened. The yield on the benchmark 2 year note jumped by 5 basis points to 2.86 percent. The yield on the 5 year note climbed 4 basis points to 3.52 percent. The yield on the benchmark 10 ...
Raise Rates?
Thursday, June 12th, 2008I do not believe that hiking rates will alleviate the problem of too many homes on the market is Sacramento. http://blogs.wsj.com/developments/2008/06/11/foreclosures-make-up-majority-of-sales-in-sacramento/?mod=googlenews_wsj
Closing Comments June 11 2008
Wednesday, June 11th, 2008Prices of treasury coupon securities have posted mixed results today with several benchmark issues gaining while the Long Bond languished. The yield on the benchmark 2 year note has dropped by 11 basis points to 2.82 percent. The yield on the benchmark 5 year note has declined by 8 basis ...
Midday Miscellany
Wednesday, June 11th, 2008Agency spreads are tighter by 1 basis point to 5 basis points today. The strongest performance has been in the 2 year sector in which paper has tightened by as much as 5 basis points.Another dealer corroborates an earlier posting that stated that central banks have been buyers of agency ...
Treasury Opening
Wednesday, June 11th, 2008The Treasury market is holding the gains attained overnight on the report that the ECB would not be a serial hiker. The 2year/10 year spread has widened to 125 basis points after trading as narrow as 114 basis points yesterday morning. The positive comments by the ECB official should bolster ...
Beige Book
Wednesday, June 11th, 2008As I noted in my opening comments the Federal Reserve will release today the most recently prepared Beige Book. Since Central Bankers around the globe are obsessing about inflation it would seem appropriate to scour this report for its comments on inflation. In the summary of the previously released Beige ...
Overnight Treasury Flow
Wednesday, June 11th, 2008Some Treasury flow from overnight:Asian buyers of Discount notes. Central Bank Buyers of 10s. Asian buyers of 5s. Spec buyers of 5s. Hedge fund sellers of 10s.
Some Opening Comments June 11 2008
Wednesday, June 11th, 2008Prices of Treasury coupon securities have registered mixed results in overnight trading. The front end of the yield curve benefited from comments from 0ne Juergen Stark, an apparatchik with the ECB. He noted that the markets properly understood that a rate hike was coming in July but that it would ...