Trade
Monday, August 24th, 2009I just purchased 1500 TBT at $ 48.30. In this environment i do not believe that the dealer community can buy $ 109 billion of securities on the fly.
Archive for August, 2009
I just purchased 1500 TBT at $ 48.30. In this environment i do not believe that the dealer community can buy $ 109 billion of securities on the fly.
Treasury Market Rebounds
Monday, August 24th, 2009I had a medical doctor appointment and was away from Across the Curve Global Headquarters for several hours. So since the Treasury market has rallied significantly in that period I will begin my closing process with that sector today. The 10 year Treasury traded at 3.60 percent this morning and is now ...
New Link
Monday, August 24th, 2009I received a very gracious note from one of the luminaries at the Zero Hedge blog. That blog has re installed a blogroll and has kindly placed this blog on that list. That is a cordial gesture and in the name of reciprocity and comity in the economic blogosphere I am adding ...
Morning Miscellany
Monday, August 24th, 2009Mortgages are opening two ticks weaker to swaps. Premiums are outperforming discounts. Corporate bonds are opening about 5 basis points tighter,generically speaking. Expectations of a light issuance calendar and an ebullient equity markets continue to support spread narrowing. On the docket for today is a benchmark deal from Australian bank Wespac with ...
Swap Spreads
Monday, August 24th, 2009Two year swap spreads are unchanged at 43 1/2. Five year spreads are unchanged at 42. Ten year spreads are unchanged at 26. Thirty year spreads are unchanged at NEGATIVE 10. Not very sexy!!!
Recently Issued Financial Names
Monday, August 24th, 2009**New Issue Update: Financials 8/24/09 LAST: PRICED: GE 3½ 8/12 187/182 +180 VS T3 RABOBK 2.65 8/12 98/93 +92 VS T3 CS 5.3 8/19 177/172 ...
Buyback Today
Monday, August 24th, 2009The Open Market Desk will conduct a buyback today of May 2011 through April 2012 Treasury securities.
Bond Market Open August 24 2009
Monday, August 24th, 2009Prices of Treasury coupon securities barely budged in overnight bond trading. There was no follow through selling and that makes me think that the significant motivation for the selling on Friday was the heavy dollop of supply which young Mr Geithner and his minions will offer to unsuspecting investors this ...
Administrative Note
Monday, August 24th, 2009I am feeling much better today and wish to thank everyone for their well wishes and suggested cures which many posted on Friday.I have had back problems on and off for nearly 25 years and it is something I have learned to live with. But once again I thank everyone who ...