Ronnie Lott was a pretty good DB in his day. Often the ball ended up going the other way when opposing quarterbacks threw in his direction; reversal.In the last few years (and looking to the next few...
In my recent post Rising Credit Spreads and the Stock Market I demonstrated that widening credit spreads (AKA increasing difference between corporate and treasury yields) has generally been bullish...
Fear, the economy and financials have pushed the 10 year treasury yield below 3.8%. The importance of this level short term is the July low for yield on the 10 year Treasury Bond. This leads to a...
It turns out that as a result of surging oil profits and decreased violence in Iraq, the $2.7 billion of 5.8 percent Iraq bonds due in 2028 gained 45 percent since August 2007 (see Bloomberg...
Last month, I wrote, "Although the economy is going to remain weak, and the Federal Reserve is not likely to raise rates, the problem facing the Treasury bond market is supply. The budget...
With the 2008 Summer Olympics now behind us China is back from vacation, look for buying to emerge on commodities as we have seen prices come off 25 plus percent on select metals, energies, and...
There is a interesting short paper written by Ryan Faulkner that is available for download at Faulkner Capital or at Barclay Hedge (registration required). In the paper, Faulkner discusses the...
The WSJ has a nice article summarizing the auction-rate security mess, along with a short primer on what auction rate securities are, as well as how they are bought and sold through auction....
Why should institutional investors and hedge funds have all the fun in the current credit crisis? Now you too can join in. Societe Generale is offering a new product that provides exposure to the...
As reported in the Financial Times, Blue Coast, a unit of the German insurer Allianz, is now selling catastrophe bonds that break down losses from hurricanes by the county in a state, instead of at...
