Archive for December, 2013

December 02 2013 Opening

Monday, December 2nd, 2013

Prices of Treasury coupon securities are taking a healthy drubbing in overnight trading as participants return to the fray following a quiet Thanksgiving period. The calendar reads December and that month is notorious for illiquidity as many combatants look to preserve gains achieved in the current year and scope out ...

Shopping News

Sunday, December 1st, 2013

I published a post on Saturday citing a Time.com story which said the the start of the holiday shopping season was off to an ebullient start. Here is a WSJ story which contradicts that sanguine view:   Holiday Sales Sag Despite Blitz of Deals By Shelly Banjo and Greg Bensinger connect Updated Dec. 1, 2013 8:21 p.m. ...

Repo Market Agonies and the Fed

Sunday, December 1st, 2013

One of the most important sectors of the fixed income markets is the short term funding markets. Those markets are the lubricating functions which allows markets to operate normally. Dealers are long and short billions upon billion of dollars of securities and on a daily basis those dealers finance longs ...