Swap Spreads
Friday, September 25th, 2009Swap spreads are unchanged across the curve. Two year spreads are at 30 basis points. Five year spreads rest at 32 basis points. Ten year spreads are at 17 1/2 and thirty year spreads are NEGATIVE 11.
Archive for September, 2009
Swap spreads are unchanged across the curve. Two year spreads are at 30 basis points. Five year spreads rest at 32 basis points. Ten year spreads are at 17 1/2 and thirty year spreads are NEGATIVE 11.
Bond Market Open September 25 2009
Friday, September 25th, 2009Prices of Treasury coupon securities are posting very minimal mixed changes in overnight trading. The yields on the shorter dated benchmark issues did not budge in the overnight session. The 2 year note yields 0.94 percent and the 3 year note rests comfortably at 1.50 percent. The 5 year note yields ...
Bond Market Close September 24 2009
Thursday, September 24th, 2009Prices of Treasury coupon securities posted gains today in spite of a $ 29 billion 7 year note auction. The gains occurred at the end of a triduum in which the Treasury successfully sold $ 112 billion worth of securities. Several factors worked in favor of lower bond yields today. The wobbly ...
Holcim
Thursday, September 24th, 2009In my closing post on corporate bonds I poked fun at this issuer because I never heard of it. Apparently lots of folks love this cement company. Here is a dealer note on the pricing: NEW HOLCIM (HOLZSW)... PRICING 750MM OF A 10YR AT 280 AND 250MM OF A 30YR AT 290... ...
Musical Interlude
Thursday, September 24th, 2009I have not posted a musical interlude in quite awhile. How about Stevie Wonder's greatest hits? It is currently playing at Across the Curve global headquarters. I have always enjoyed his rendition of the Bob Dylan classic "Blowing in the Wind. he also does a nice version of "A Place in the Sun".
Corporate Bond
Thursday, September 24th, 2009Corporate bond spreads are wider by 2 basis points to 5 basis points today. Salesmen still report underlying demand and participants repeat the refrain that demand is quite strong . There might be a 10 basis point or 15 basis point hiccup but no one with whom I converse posits ...
Swap Spreads
Thursday, September 24th, 2009Five year Swap spreads are a basis point tighter than where they were when I posted this morning. Roll adjusted they are two basis points tighter on the day at 32 1/2 basis points. The other benchmark spreads are at the same levels which prevailed this morning. Two year spreads are ...
Selected Financial Names
Thursday, September 24th, 20099/24 PM UPDATE 9/24 OPEN BAC 7⅜ 14 212/202 210/200 BAC 5.65 18 232/222 230/220 ...
MBS
Thursday, September 24th, 2009Mortgages are a tick ot two tighter to swaps today. ol has declined and one trader email attributes the decline in vol for the improvement in MBS. There have been sellers of 4 1/2s and one trader suggests buying 4 1/2 s versus 5s as the 103 dollar price on the ...