Archive for December, 2008
Friday, December 19th, 2008
I would like to thank every one for the intelligent and dignified conversation in my absence yesterday. I appreciate the efforts and time of everyone who took the time to contribute. I will be blogging today from the Evanston, Illinois satellite office of the Across the Curve network.
Posted in Uncategorized | 3 Comments »
Friday, December 19th, 2008
Libor US$ Fixing 12/19 12/18 ChangeOVERNIGHT 0.11000 0.11250 -0.002501 WEEK 0.26000 0.26125 -0.001252 WEEKS 0.52500 0.59125 -0.066251 MONTH 0.47375 ...
Posted in Uncategorized | Comments Off on Libor Chart
Thursday, December 18th, 2008
Fire Away.
Posted in Uncategorized | 42 Comments »
Thursday, December 18th, 2008
I will be travelling today so blogging will be sparse and probably non existent. We have a very pregnant daughter who will be unable to fly to New York so my wife and I are flying to Chicago to spend several days with her and her husband before Christmas.
My other ...
Posted in Uncategorized | 10 Comments »
Thursday, December 18th, 2008
Libor US$ Fixing
12/17 12/16 Change
OVERNIGHT .11250 .13250 -0.02000
1 WEEK .26125 .27000 -0.00875
2 WEEKS .59125 .66750 -0.07625
1 MONTH .50750 .58125 -0.07375
2 MONTH 1.21500 1.27250 -0.05750
3 MONTH 1.52500 1.57750 -0.05250
4 MONTH 1.65625 1.68375 -0.02750
5 MONTH 1.75375 1.79250 -0.03875
6 MONTH 1.86375 1.89125 -0.02750
9 MONTH 2.00250 2.01500 -0.01250
12 MONTH 2.09875 2.09875 0.00000
Posted in Uncategorized | Comments Off on Libor
Wednesday, December 17th, 2008
Prices of Treasury coupon securities have posted bifurcated results today as investors plot new paths following the FOMC announcement of zero interest rate policy yesterday.The yield on the 2 year note has increased 7 basis points to 0.72 percent. The yield on the 3 year note has increased 8 basis ...
Posted in Uncategorized | 2 Comments »
Wednesday, December 17th, 2008
MBS at one point this morning were tighter to the 10 year Treasury but have reversed course and are over a 1/2 point wider to the Treasury.
Posted in Uncategorized | 6 Comments »
Wednesday, December 17th, 2008
MBS at one point this morning were tighter to the 10 year Treasury but have reversed course and are over a 1/2 point wider to the Treasury.
Posted in Uncategorized | Comments Off on MBS
Wednesday, December 17th, 2008
Swap Spreads continue to ratchet tighter. Two year spread have tightened 4 ½ basis points to 84 ½. Five year spreads have narrowed 6 basis points to 71. Ten year spreads have narrowed 6 basis points to 12 basis points and 30 year spreads have inverted 2 basis points to ...
Posted in Uncategorized | 2 Comments »
Wednesday, December 17th, 2008
The rules of engagement have changed in the corporate bond market. Yield vultures are scavenging the landscape for quality paper with yield. Secondary paper is about 10 basis points tighter and what does transact trades on the offered side.
The IG 11 is 241/244 which is a tad better than the ...
Posted in Uncategorized | 9 Comments »