Archive for September, 2009
Tuesday, September 15th, 2009
- 5yr Life Insurance CDS: GNW 480/510 (-20), HIG 280/300 (-5), LNC 275/295 (-10), MET 265/280 (-10), PRU 250/265 (-5)
- 5yr Snr Bank CDS: BAC 135/145 (-3), CITI 203/213 (-20), JPM 65/70 (unch), WFC 75/80 (-1)
- 5yr Snr Broker CDS: GS 115/120 (unch), MS 155/165 (-3)
- CDS Index: ...
Posted in Uncategorized | Comments Off on Credit Market Open
Tuesday, September 15th, 2009
Libor-OIS Spread Narrows to Five-Year Pre Credit-Crisis Average
2009-09-15 11:27:26.598 GMT
By Gavin Finch
Sept. 15 (Bloomberg) -- The Libor-OIS spread fell to the
average level in the five years before the credit crisis began
after central banks and governments acted to limit the damage
sparked by the failure of Lehman Brothers Holdings Inc.
The spread, a ...
Posted in Uncategorized | 12 Comments »
Tuesday, September 15th, 2009
The book for the aforementioned bond deal is $ 10 billion. Price talk is mid swaps plus 18.
Posted in Uncategorized | Comments Off on SFEF
Tuesday, September 15th, 2009
Bank of England head honcho signals that it might reduce the rate it pays on deposits (in order that banks might lend those funds to consumers).
And the WSJ is reporting this morning that in spite of some support for an early end to Open Market Desk purchases of MBS and ...
Posted in Uncategorized | Comments Off on Some Morning Reading
Tuesday, September 15th, 2009
Today 0.29338
Yesterday 0.29500
Posted in Uncategorized | Comments Off on Libor
Tuesday, September 15th, 2009
Prices of treasury coupon securities have registered a very modest rebound from the drubbing which they experienced yesterday.
The mighty greenback is still trembling versus the Euro and has not done much versus the Yen but at this stage it is refraining from establishing new lows.
Equity markets are mixed but the ...
Posted in Uncategorized | Comments Off on Bond Market Open September 15 2009
Monday, September 14th, 2009
14:50 *FED'S YELLEN SAYS FORECLOSURES SHOW `NO SIGN OF TURNING AROUND'
14:50 *FED'S YELLEN SAYS TIGHT CREDIT IMPEDING ECONOMIC GROWTH
14:50 *FED'S YELLEN SAYS ECONOMY HAS `ENORMOUS AMOUNT OF SLACK'
14:50 *FED'S YELLEN SAYS CONSUMER SPENDING IS `BOTTOMING OUT'
14:50 *YELLEN SAYS UNEMPLOYMENT WILL `REMAIN ELEVATED' FOR A FEW ...
Posted in Uncategorized | 1 Comment »
Monday, September 14th, 2009
Prices of Treasury coupon securities are tumbling today in a low volume environment. And if you owned a security in the belly of the curve the carnage was worse,relatively.
The yield on the 2 year note increased a basis point to 0.91 percent.The yield on the 3 year note edged higher ...
Posted in Uncategorized | 1 Comment »
Monday, September 14th, 2009
Mortgages are about unchanged to swaps today.
One trader with whom I speak points out that one year/10 year swaption vol has decline from 164 to 142 since August 7th. In that same period MBS has cheapened. With vol declining MBS should be improving (as the owner of the MBS is ...
Posted in Uncategorized | Comments Off on SWAPS MBS VOL
Monday, September 14th, 2009
Apparently the Chinese government is not happy about press reports of the escalating US - China trade war after the weekend’s decision to investigate the US car and chicken industries for possible dumping, which would allow the imposition of retaliatory tariffs after President Obama slapped a tax of up to ...
Posted in Uncategorized | 2 Comments »