IBM Buyback
Tuesday, October 27th, 2009BN 9:41 IBM Board Authorizes $5 Billion for Stock Buyback Program BN 9:41 IBM Board Authorizes $5 Billion for Stock Buyback Program BN 9:41 *IBM BOOSTS SHARE BUYBACK PROGRAM BY $5 BILLION
Archive for October, 2009
BN 9:41 IBM Board Authorizes $5 Billion for Stock Buyback Program BN 9:41 IBM Board Authorizes $5 Billion for Stock Buyback Program BN 9:41 *IBM BOOSTS SHARE BUYBACK PROGRAM BY $5 BILLION
Swaps
Tuesday, October 27th, 2009Swaps are barely changed. Two year swaps are a basis point narrower at 37 1/2. Five year, ten year and 30 year spreads are unchanged at (chronologically) 36 1/2, 18 1/2 and NEGATIVE 7.
Hong Kong Debases Its Own Currency in Favor of the Dollar Via Reuters
Tuesday, October 27th, 2009And this is a source of bidding later today in the two year note auction. HKMA sells HK$4.263 bln to keep HK dlr in trading band 10.27.09, 05:21 AM EDT HONG KONG, Oct 27 (Reuters) - Hong Kong's central bank, the Hong Kong Monetary Authority, on Tuesday afternoon injected HK$4.263 billion (US$550 million) into the ...
Beckner on the Federal Reserve and the Greenback
Tuesday, October 27th, 2009Stephen Beckner is a long time observer of the Federal Reserve and currently works for Market News International, a well respected and widely followed news service. He writes frequently and cogently about the Federal Reserve and as a reader he seemed to have some trustworthy sources at that August institution. ...
Bond Market open October 27 2009
Tuesday, October 27th, 2009Prices of Treasury coupon securities have posted very modest gains in overnight trading and have retracted some of the rocky ground over which they trod yesterday as the market careened into a ditch. There was very little news overnight and the focus of the market this day will be pricing ...
Laurel and Hardy
Tuesday, October 27th, 2009This story reminds me of the old Laurel and Hardy line which I am not quite sure if I recall exactly. But I believe it went, "This is one fine fix we are in now, Ollie. AIG has competition from a Greenberg run company which is siphoning business from AIG and ...
Into the VAT
Monday, October 26th, 2009Romer Says Value-Added Tax Might Ease Budget Deficit (Update1) 2009-10-26 19:06:22.606 GMT (Adds Romer comments starting in fifth paragraph.) By Edwin Chen Oct. 26 (Bloomberg) -- The U.S. should consider a value- added tax as one way to help reduce the federal budget deficit, Christina Romer, chairman of the White House Council of Economic Advisers, said today. “It ...
Bond Market Close October 26 2009
Monday, October 26th, 2009Prices of Treasury coupon securities tumbled sharply today and the yield curve steepened substantially in advance of significant supply from the US Treasury this week. In addition to the fear of Treasury supply a thin patina of fear and uncertainty regarding the intentions of the mortgae crowd covers the market. As ...
Swaps and Corporates
Monday, October 26th, 2009Swap spreads are mixed. Two year spreads are 3/4 basis point wider at 38 1/4. Five year spreads are unchanged at 36 1/2. Ten year spreads are 1/2 basis point wider at 18 1/2. Thirty year spreads are unchanged at NEGATIVE 6 1/2. The relative stability in spreads confirms that MBS ...