Interest Rates

US Treasuries gain for 2nd Day

US Treasuries gain for 2nd Day 10-Yr: +18/32..2.294%.. USD-JPY: 83.42.. EUR-USD: 1.3209 US Treasuries gained for a 2nd consecutive session as last week’s surge in yields has brought buyers into the market. Traders are watching peripheral yields in Europe as Wednesday’s surge of more than 15 bps in the Spanish 10-yr ran its yield to 5.36%, its [...]

The Consumer Price Index (CPI) Full February Data

Economist Shayne Heffernan takes a look at the USA CPI Food and Oil were the main drivers of the CPI shift in recent months a trend that may continue, there is a strong link between the 2 in modern economies, One indicator of the unsustainability of the contemporary food system is the ratio of energy [...]

Inflation in France

Cost of goods in France rises in February Rising prices of fresh products and growing costs of energy prompted a 0.4% increase in the French consumer price index (CPI) in February compared to a month earlier, official data showed Tuesday. Prices rose 2.3% Y-Y, the national statistics institute Insee reported. At the end of February, [...]

Is LIBOR Dead?

LIBOR faces replacement by verified trades The London interbank offered rate (LIBOR), the benchmark for US$360-T of securities, may not survive allegations of being corrupted unless it is based on transactions among banks rather than guesswork about the cost of money. The methodology used to formulate LIBOR is totally unsuitable for the modern World. The [...]

US Treasuries finish flat

Treasuries finish flat to unchanged 10-Yr: unchanged..2.032%.. USD-JPY: 82.24.. EUR-USD: 1.3149 US Treasuries ended the day little changed as early gains faded as the session progressed Monday’s 3-yr T-Note auction drew 0.456% and saw a 3.44x bid/cover as indirect bidders took down a slightly less than average 34.6%. The auction saw the 3rd largest Dollar demand (US$109.9-B) in [...]

World Celebrates Failure in Greece

Markets rallied today as one of the worst moments of the 2008 financial crisis played out, part of the European Union defaulted on their debt and with the help of the ECB, World Bank and IMF strong armed bond holders in to accepting massive write offs. Given the nature of the default, and the discount [...]

Bank of China Expands in New York

China’s oldest bank is expanding its New York lending, EU financiers fade. Bank of China Ltd. increased its loans outstanding on US properties fivefold to $2.6-B since Y 2008, with most of that growth in New York, according to Trepp LLC, a mortgage data provider. The bank agreed last month to refinance the Mandarin Oriental [...]

Philippine February Inflation Data

Philippine February inflation slows to 26-month low of 2.7% Philippine inflation eased to a 26-month low of 2.7% in February on lower food prices, the National Statistics Office (NSO) said Tuesday. This was the slowest inflation growth since September 2009 when consumer prices posted a 2.2% annual growth. February’s inflation, the lowest in nearly 2.5 [...]

China CPI at 3.6%

China’s February CPI at 3.6%, down from January’s 4.5% China’s consumer price index (CPI), a main gauge of inflation, is expected to rise to 3.6% in February, down from January’s 4.5% increase, according to a economist’s forecast. The pullback is due to continuous declines in food prices, which has a nearly 33% weighting in the [...]

US Real Estate News: Mortgage Rates to Remain Low

Bernanke makes low-rate pledge US Federal Reserve Chairman Ben S. Bernanke confirmed that interest rates are likely to stay low at least through late Y 2014 without offering any indication that further monetary easing is under consideration. “At present, with the unemployment rate elevated and the inflation outlook subdued, the committee judges that sustaining a [...]

Investor Services

Private Equity Takes a Hit in Q1 2012

Most private-equity and hedge funds typically take 20 percent of investment gains as carried interest, on top of 2 percent of assets as a management fee to …