Archive for October, 2009
Friday, October 23rd, 2009
Prices of Treasury coupon securities are posting some modest losses in overnight trading in response to an FT article which muses on the possibility that the Federal Reserve might change the "extended period " language as policy evolves in preparation for the end of the emergency measures which have taken ...
Posted in Uncategorized | 3 Comments »
Thursday, October 22nd, 2009
5yr Snr Bank CDS: BAC 108/113 (unch), CITI 183/193 (-2), JPM 58/63 (-2), WFC 95/100 (unch)
- 5yr Snr Broker CDS: GS 99/104 (-2), MS 126/131 (-5)
- CDS Index: IG13 99.75/100.75 (-2)
Posted in Uncategorized | 2 Comments »
Thursday, October 22nd, 2009
One dealer reports the following:
RUSSIAN BONDS SOFT; HAIR TRIGGER SITUATION. HEAVY ISSUANCE COMING. DEALERS ARE POISED TO DUMP. INDIA ACKNOWLEDGING INFLATION...
Update: I just received that dealers full note:
THERE SEEMS TO BE A TOUCH OF NERVOUSNESS, ESPECIALLY IN EMERGING MARKETS. CHINA WAS URGED TO RAISE RATES IMMEDIATELY BY ONE OF THE ...
Posted in Uncategorized | 5 Comments »
Thursday, October 22nd, 2009
Hoy 0.28219
Ayer 0.28344
Posted in Uncategorized | 2 Comments »
Thursday, October 22nd, 2009
Prices of Treasury coupon securities have sagged in overnight trading and the belly of the curve has weakened versus the wings of the curve.
The yield on the 2 year increased a basis point to 0.96 percent. The yield on the 3 year note edged higher by 2 basis points to ...
Posted in Uncategorized | 22 Comments »
Wednesday, October 21st, 2009
I have a series of meetings today and tomorrow so blogging will be sporadic for the remainder of today and tomorrow.
Posted in Uncategorized | Comments Off on Administrative Note
Wednesday, October 21st, 2009
A reader suggested this article. It is thoughtful, insightful and supported by some solid research.
The article develops a very solid case for the thesis that there is no inflation problem nor will there be any time soon. I commend it to you for your edification and gain.
Posted in Uncategorized | 12 Comments »
Wednesday, October 21st, 2009
The US Treasury market is suffering an unseemly decline this morning with the yield on the 10 year note at close to 3.40 percent.
I printed a post about the Bank of England minutes and the turmoil which that has caused in the Gilt market. There is also supply in England ...
Posted in Uncategorized | 5 Comments »
Wednesday, October 21st, 2009
BANK/FIN OPEN 10/21/2009
ACTIVES
CLOSE OPEN CLOSE OPEN
GS 14 158/150 160/150 AXP 19 235/225 238/228
GS 19 193/183 195/185 GE 19 210/200 210/200
MS 14 198/192 205/195 PRU 19 248/238 250/240
MS 19 230/220 233/223 C 14 280/273 290/280
BAC 14 223/215 226/218 C 19 290/280 305/295
BAC 19 240/230 245/235 WFC 14 ...
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Wednesday, October 21st, 2009
My father, Joseph Jansen, had a long and fruitful life. He died in June of 2008.
Today he would have celebrated his 88th birthday.
Regular readers and long time readers of Across the Curve might be interested to know that he is the inspiration for my love of alliteration.
And I would be ...
Posted in Uncategorized | 3 Comments »