Archive for February, 2009
Thursday, February 12th, 2009
Another friend of the blog forwarded a link to a Bloomberg story which tells the tale of the Federal Reserve attempting to expand the ranks of the primary dealer community.
At one point I believe there were 40 primary dealers and the title Primary Dealer provided a firm with entre to ...
Posted in Uncategorized | 11 Comments »
Thursday, February 12th, 2009
IG 11 is opening two basis points wider at 194 1/2 / 196 1/2.
Posted in Uncategorized | Comments Off on IG 11
Thursday, February 12th, 2009
A friend of the blog (practically from inception) has forwarded via email a note that a bund auction failed yesterday. The item has not garnered much note and I wonder if anyone has any insight that it is not a more high profile topic.
As I re read the story it ...
Posted in Uncategorized | 6 Comments »
Thursday, February 12th, 2009
The yield on the 2 year note has decline 4 basis points to 0.87 percent. The yield on the 3 year note has also declined 4 basis points and that yield is 1.27 percent. The yield on the 5 year note dropped 4 basis points, too, and yields 1.71 percent. ...
Posted in Uncategorized | Comments Off on Some Opening Comments Feb 12 2009
Thursday, February 12th, 2009
I am going to do this a little differently today and begin by posting some overnight economic news and then I will separately post the market summary.
In general the economic data released overnight is still on the glomy side with pockets of hope springing up, mostly in the Pacific region.
In ...
Posted in Uncategorized | 5 Comments »
Wednesday, February 11th, 2009
Prices of Treasury coupon securities have posted mixed results today. The yield on the 2year note has edged higher by 2 basis points to 0.92 percent. The yield on the 3 year note has increased one basis point to 1.31 percent. The yield on the 5 year note is dramatically ...
Posted in Uncategorized | 14 Comments »
Wednesday, February 11th, 2009
A good friend of the blog fowarded this to me:
Quote of the Day:
"Innovation has brought about a multitude of new products, such
as subprime loans and niche credit programs ...
Posted in Uncategorized | 7 Comments »
Wednesday, February 11th, 2009
Agency spreads are mixed today. As I noted yesterday they blew out yesterday as the Non Plan contained none of the rumored guarantees which had percolated through the market last week.
The 2 year sector is wider by 2 basis points wider on the day. Home Loan announced $3billion of ...
Posted in Uncategorized | 1 Comment »
Wednesday, February 11th, 2009
The yellow metal has enjoyed a very nice pop today as it is up about $25 dollars. What friend suggests that it is investors weighing in with a less than favorable verdict on the activities of central banks around the globe and it also represents an expression than another wave ...
Posted in Uncategorized | 7 Comments »
Wednesday, February 11th, 2009
I posted a piece earlier which linked to a Bloomberg story which related the concerns of a former Chinese apparatchik about the safety of dollar assets as the US pursues expansionary fiscal policy. Here is a Dow Jones story which a friend of the blog emailed to me:
NEW YORK (Dow ...
Posted in Uncategorized | 11 Comments »