Archive for October, 2009
Thursday, October 29th, 2009
I am trying to incorporate a new feature today and will see if I can provide a little color on the sector. If anyone wishes to send commentary to my email which is on the blog I would be grateful for the color.Today there has been quite a bit of ...
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Thursday, October 29th, 2009
U.S. AWARDS 59.3% OF 7-YR TO INDIRECT BIDDERS
U.S. SEVEN-YEAR NOTES BID/COVER RATIO 2.65 AT AUCTION
U.S. SEVEN-YEAR NOTES DRAW 3.141%; ALLOTTED AT HIGH 46.79%
Posted in Uncategorized | Comments Off on Seven Year Result: Two Basis Point Tail
Thursday, October 29th, 2009
Another article from the RealClearPoltics website. This one chronicles the overcounting of jobs saved by the stimulus package.
I have no knowledge of the authors and do not know if they have an axe to grind. The article seems pretty straight forward.
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Thursday, October 29th, 2009
Next week brings an off off year election but there is probably some information to be derived from the outcome.
There are three races with a modicum of national significance: the gubernatorial battles in Virginia and New Jersey as well as well as a battle for a Congressional seat in upstate ...
Posted in Uncategorized | 6 Comments »
Thursday, October 29th, 2009
The Treasury market is rather weak following the stronger than expected GDP report.
Most of the people with whom I speak are in the camp that the growth is not sustainable with government spending. Theoretically, that can not continue forever.
I have heard of some insurance company buying of the long end ...
Posted in Uncategorized | Comments Off on Treasury Miscellany
Thursday, October 29th, 2009
Corporate bond spreads areunchanged thus far. Trading is very light as participants digest the data.
Stocks have bounced and I suspect that if the gains hold, corporate bonds should regain some of the ground which the sector surrendered yesterday.
There is one decent sized deal on the docket thus far: a three ...
Posted in Uncategorized | Comments Off on Morning Miscellany
Thursday, October 29th, 2009
This was in a morning note from AAron Kohli of RBS and I thought it worthy of reproduction here. I can not reproduce the chart he referenced. I also visited the Saint Louis Fed website and could notlocate more detail.
"Turning now to an announcement that caught our eye yesterday, the ...
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Thursday, October 29th, 2009
- 5yr Snr Bank CDS: BAC 115/120 (unch), CITI 168/178 (-7), JPM 58/63 (-2), WFC 102/107 (-3)
- 5yr Snr Broker CDS: GS 100/105 (-2), MS 128/138 (unch)
- CDS Index: IG13 107.5/108.5 (-2)
Posted in Uncategorized | Comments Off on IG 13 and Some CDS
Thursday, October 29th, 2009
Libor is unchanged at 0.28063.
Posted in Uncategorized | Comments Off on LIBOR
Thursday, October 29th, 2009
The final buyback by the Open Market Desk will cover the December 2013 through April 2016 sector.
Posted in Uncategorized | Comments Off on Last Buyback