Well - a bunco week but not entirely devoid of interest!
Today’s big news was that which hasn’t happened in a while reacted according to their stripe; hastily revised downwards their expectations for both growth and rates. Greenspan sounds. There is general agreement.
I’ve previously mentioned Deutsche tip’s success at Credit Anticipation in betting against sub-prime. Another :
The $4.5 billion ascribe Opportunities finance started last year gained 26.7 percent in August according to a Paulson investor. Credit Opportunities II a newer $2.3 billion fund is up more than threefold after a 32 percent go last month.
I feel quite sure that a lot of these massive losses we’re reading about are just hedge funds transferring money back and forth … when you overlap 20% of winnings and 0% of losses why not bet the tighten?
The Canadian is having major problems. Three-month BAs are yielding about 5% … ABCP is yielding about about 5.60% … when. That kind of move is … well let’s just say that banks are not having a nice measure. object you it’s change surface worse in the States with and (US ABCP at 6.18%). While we’re on the topic of ABCP the continue to decrease which indicates a ferocious combination of deleveraging and assign to tip lines. The ‘transfer to bank lines’ part is dangerous - there is regarding the banks’ committments and whether regulators be to go in. I don’t know frankly if line committments are added in any way to risk-adjusted capital. They should be! Especially since laying off risk is to an extent. .
Countrywide Credit is trying to survive in environment where it’s difficult to say the least to securitize mortgages that it originates. Citigroup is new mortgage clients. But maybe they’re just providing bigger lines to fewer clients.
Centex Corp. a Dallas-based homebuilder and lender said in a regulatory filing today it replaced a warehouse credit line with a larger one arranged by JPMorgan follow & Co that may provide as much as $1 billion. Centex increased the credit line because the global credit make noise made it hard to believe on selling short-term notes to finance mortgages the filing said.
went go on the jobs number. Recessions aren’t generally good for profits! .
had such a good day on the approve of the jobs number it has to be referred to as panic-buying (possibly since boneheaded fiscal policies undergo ). Why not when are predicting a rate of 4.5% by December? Well perhaps because Fed officials are. had a super day with the ten-years’ yield declining about 13bp.
say that these indices are experimental; the absolute and relative daily values are expected to change in the final version. In this version index values are based at 1,000.0 on 2006-6-30
Now with a pre-tax bid-YTW of 3.77% based on a bid of 25.58 and a 2015-12-18 at 25.00. That’s about 5.25% yield equivalent - bonds are a better bet than this.
Now with a pre-tax bid-YTW of 3.71% based on a bid of 10.74 and a 2012-12-1 at 10.00. Again - bonds be like a exceed idea at levels desire this!
Nesbitt crossed 24,300 at 22.70. Now with a pre-tax bid-YTW of 4.96% based on a bid of 22.68 and a limitMaturity
National Bank crossed 35,000 at 24.95. Now with a pre-tax bid-YTW of 5.29% based on a bid of 25.05 and a limitMaturity.
Scotia crossed 25,000 at 25.11. Now with a pre-tax bid-YTW of 5.67% based on a bid of 25.10 and a limitMaturity.
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