Stable on much of the same.
Posted by Don on May 17, 2010
Largely, the news (and picture) remains the same, thus today’s trading should be relatively stable. Concern remains that the EU assistance might not contain the challenges faced by the various EU nations; and money remains in US bonds and notes. Overnight, both Greek and Italian 10 yr’s traded higher (8.05% and 3.88%, respectively) and this gives a picture of the investor concern and...
Read MoreStable, on unstability.
Posted by Don on May 14, 2010
How hard it is to run a government! So many competing balls to juggle. And I’m only talking about economics. The economic difficulties in Europe are causing tentative money to move to the US and safer haven vehicles. And for today, rates are probably stable-to-down. And currently, discussion is beginning as to the total dissolution of the Euro (and EU community.) Former Federal Reserve...
Read MoreRelatively stable; perhaps drifting higher.
Posted by Don on May 13, 2010
Rates are relatively stable today, mostly on continuing European news. The dual thoughts are: the EU intervention has stemmed the challenges; and the other is that it has not. (That’s real helpful, right?) Anyway, rates are mostly trading sideways, although we’re getting close to a “technical point” that may signal a rise in rates. See the below. The ECB (European Central...
Read MoreStable. (As to rates, not to economics.)
Posted by Don on May 12, 2010
The interest rates are stable today, on largely the same news: The Euro community has promised almost $1 billion in “safety net” assistance to the European nations most in need. And I understand, as of this morning, that this is exactly why the interest rates of Greece, Spain and Italy have decreased (in Greece’s case, from 12.5% to 7.5%.) This is because the EU community is...
Read MoreTechnically speaking.
Posted by Don on May 11, 2010
This post is to describe just what is meant by the term technical that I frequently use here. As you may know, the interest rates that mortgages are set by are set on the open market — investors around the world either buying US Treasury notes/bonds (which demand will raise the price, and thereby lower the interest rate yield) or selling them (which will raise interest rates.) But it all...
Read MoreStable, to drifting downward, on EU rethink.
Posted by Don on May 11, 2010
After yesterday’s increase, the markets are relatively stable, with short term trend to decrease a bit today. Investors are beginning to digest the news of the EU assistance program, and are yet a bit skeptical as to whether this is going to contain the problem. So, some money is flowing back into US markets today. Domestically, inventories of US wholesalers rose for the third month, in...
Read MoreOpened higher; stable, on Euro agreement.
Posted by Don on May 10, 2010
Overnight the 16 European nations agreed to an aid package of €750 billion ($962 billion) for their “most indebted” countries. And just as quickly, interest rates for Greece, Italy, and Spain declined significantly: Greece, trading recently in the 12’s, dropped over 4.5 points to 7.75% Italy and Spain, likewise dropped to the upper 3’s. By the morning’s openings, US...
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