Hat tip Mike R
30 yr bond auction awful
Following solid 3 yr and 10 yr note auctions, the Treasury stretched it to 30 yrs today and the demand was awful. The yield was a full 10...
10 Thursday AM Post-Crash Reads
This is what I am reading this morning: • How to make the best of the long malaise (FT.com) • Farewell G7 AAA’s (FT.com) see also...
The US Downgrade and the Muni Bond Market
The US Downgrade and the Muni Bond Market August 10, 2011 The downgrade of the United States from AAA to AA+ this weekend affects a...
Economic data
Today’s June Trade Deficit could take the 1.3% Q2 GDP initial reading to below 1% on the revision as the total of $53.1b was well...
Here we go again
http://www.nytimes.com/2011/08/12/business/global/europe-considers-ban-on-short-selling.html?_r=2
French banks again
In a clear sense of Deja Vu, French banks are down again even with the denials of “all” market rumors and late day defense of...
John Coffee: Blame Ratings Agencies
Law professor John Coffee explains why major credit rating agencies inflated their ratings and how they caused America’s financial...
Speaking Soothing Words vs Truth Bombs
One of the fascinating aspects of doing the media circuit is the feedback you get. This is especially the case when you drop a truth bomb...
Equity Correlations and Volatility
Great chart from JPM (pre August sell off): > Sources: BLS, FactSet, J.P. Morgan Asset Management. Data reflect most recently...