Rates markets swung back and forth on prospects for the Treasury’s Troubled Asset Relief Plan (TARP) working its way through Congress. Financial stress remains high. Money market mutual fund withdrawals drove Treasury bills to record low yields earlier this week but yields have begun to normalize as withdrawals stabilize and the Treasury provides more supply [...]
Entries Tagged as 'Fixed Income Strategy'
Fixed Income Strategy - September 26 2008
September 26th, 2008 · No Comments
Tags: Fixed Income Strategy
In the US, rates sold off slightly after nonfarm payrolls report
May 4th, 2008 · No Comments
In the US, rates sold off slightly after nonfarm payrolls declined less than expected and the Fed signaled that it could pause after easing 25bp last week. However, signs of economic weakness remain as the Case-Shiller 20 City Home Price Index showed a very large decline of 12.7% from a year ago in March and [...]
Tags: Fixed Income Strategy