Sample Our Reports, Presentations, & Market Insights
Commitments of Traders Update/Analysis Statistics cover the CoT report for September 25, 2007. Further charts and comments include: 5-Year Note Futures: Large Speculators Late To Long Side S&P 500 Futures: Commercials Buy Massively; What’s...
Commodity-Currency Correlation Not Very High A correlation study of individual commodities as a function of individual currencies shows most relationships are insignificant statistically.
TIPS, Treasuries And Insurance The low TIPS breakeven rate of inflation can be explained by the relative value of financial crisis insurance relative to inflation insurance.
Credit Stress And The Fed’s Response September 11 San Francisco Presentation Package.
Charts of the Week Topics Covered This Week Include: Updating The Effective Rate Effective Federal Funds Divergence Is Ineffective Policy Asset-Backed Commercial Paper Volatile T-Bills, Jumping Loan Growth Mapping The Path To Libor Stress The Fed Continues To Pump In Liquidity Bond Issuance Updated Volatility Update Measuring The Stock Market’s Pain Financial Stocks Updating Mortgage… Continue reading
Why Subprime Is Not The Problem In The Capital Markets While the resetting of teaser-rate subprime mortgages will stress those borrowers somewhat, this problem is quite limited in comparison to the larger capital market problems of opacity and...
Why The Federal Reserve Might Be Changing The Way It Conducts Monetary Policy The effective funds rate has diverged from the target funds rate to a degree never seen before. Meanwhile, the Fed is supplying huge amounts of liquidity and pinpointing it...
Asset-Backed Commercial Paper’s Selloff The jump in asset-backed commercial paper yields illustrates the extent to which panic is driving financial markets.
Mutual Fund Flows Update Tables updated through June 30, 2007 with data released July 30, 2007. Comments on Stock Funds, Bond Funds and Hybrid Funds, and the public’s break-even level.
What Turns Credit Around? The ABX indices are grotesquely overpriced when looking at what type of housing declines they imply. Any relief rally in the ABX indices could turn into a vertical rise and cause a big positive reaction in high-yield...
Charts of the Week Topics Covered This Week Include: Understanding the Subprime Panic – 1 Understanding the Subprime Panic – 2 Understanding the Subprime Panic – 3 Credit Markets Deals Continue To Drive The Stock Market Looking At Chinese Stocks Chinese Holdings of U.S. Assets The S&P 500 Leads The Federal Budget Deficit Relative Asset… Continue reading
U.S. Treasury’s International Capital Statistics Update Tables and comments detailing foreign investment through May 31, 2007 with data released on July 17, 2007. China has reduced its holdings of U.S. Treasuries two months in a row. This is...