Libor
Wednesday, September 2nd, 2009Today 0.33 Yesterday 0.33438
Archive for September, 2009
Bond Market Open September 02 2009
Wednesday, September 2nd, 2009Prices of Treasury coupon securities are registering modest losses in overnight trading. The 10 year note remains below 3.40 percent and is maintaining some of the gains made possible by the stock market debacle yesterday. Equity markets were weak in Asia and are sliding in Europe. Pre market trading indicates that ...
BondMarket Close September 01 2009
Tuesday, September 1st, 2009Prices or Treasury coupon securities rallied (mostly) today as the sagging equity market drove investors to the safe sanctuary of the Treasury market. I added the qualifier in the prior sentence because the Long Bond languished as saw its yield increase 2 basis points to 4.20 percent. The yield on the ...
Swaps and MBS and VOL
Tuesday, September 1st, 2009Swap spreads are wider across the yield curve. Two year spreads are 3 1/4 basis points wider at 38 3/4. Three year spreads are 2 basis points wider at 50 basis points. Five year spreads are 1 3/4 basis points wider at 38 1/2. Seven year spreads are 1 3/4 ...
Rumour Redux
Tuesday, September 1st, 2009Apparently the subject of the rumor is the Corus Bank in Chicago.I had never heard of the entity but apparently they are quite troubled institution. The firm's chief accounting officer quit today. There is also a story that the firm missed a regulatory filing several weeks ago and is in danger ...
Rumour (The U is for the U in UK)
Tuesday, September 1st, 2009Regular readers know that I do not print many rumors here. But from three separate sources today I have heard rumors of a bank in trouble. I have a specific name which I will not publish because the spread on that entities bonds have only moved marginally. Separately, a second version of ...
Treasury Market Update
Tuesday, September 1st, 2009The Treasury market has staged a healthy recovery today and the 10 year note has raced into uncharted waters in the mid 3.30s. The yield curve has steepened appreciably and the Long Bond trades as if it has some social disease. T The 10 year 30 year spread is 84 basis points ...
Canada Five Year
Tuesday, September 1st, 2009The Government of Canada is offering $ 3billion 5 year notes today and they will be priced in the currency of their neighbor to the south. There is tremendous demand for the issue with over $ 10 billion in orders already for the issue. Foreign central banks, bank portfolios and money ...
Swaps and Swaption VOL
Tuesday, September 1st, 2009Two year swap spreads are 2 basis points wider at 37 1/2. The remaining benchmarks swap spreads are unchanged. Five year spreads are at 37 1/2, also. Ten year spreads are at 21 1/2 and 30 year spreads are NEGATIVE 10. Volatility is picking up with the jump in rates today. ...
Cash for Clunkers: A View From the Heartland
Tuesday, September 1st, 2009An auto dealer in South Dakota is having a tough time getting Uncle Sam to pay up.