Bund, bond e la bband : Obama is calling YOU vm69

tank you pal, cercherò tutto (col vostro aiuto :) )

ho ripreso lo spit ....
per modo di dire .... 15' iersera ...

io incredibile a dirsi sto quasi per finire il mio:eek: sembrava il galeone di dylan dog:D
sto mettendo i decal e cercando di mettere una pezza alle imperfezioni del kit
avucat apriamo poi thread apposito di là dove mettere foto:up:
 
l'effetto afrodisiaco obama mi sa che è andato perduto

Treasuries Advance, Trimming Monthly Loss, as GDP Falls 3.8%

http://www.bloomberg.com/apps/news?pid=20601009&sid=a2gjQ_A50ToU&refer=bond#


By Daniel Kruger and Anchalee Worrachate
Jan. 30 (Bloomberg) -- Treasuries rose, trimming the steepest monthly loss in almost five years, as a government report showed the economy shrank in the fourth quarter the most since 1982.
Government securities gained for the first time in three days as the Commerce Department said gross domestic product contracted at a 3.8 percent annual pace from October through December. The GDP price index fell for the first time since 1954. Yields declined earlier as the cost of protecting corporate bonds from default climbed, helping fuel demand for the relative safety of government debt.
“We didn’t get the 5.5 percent decline that we had expected, but it was still the worst performance in 26 years,” said Kevin Flanagan, a Purchase, New York-based fixed-income strategist for Morgan Stanley’s individual-investor clients. “The inflation aspect was friendly for the bond market.”
The 10-year yield decreased three basis points, or 0.03 percentage point, to 2.83 percent at 10:09 a.m. in New York, according to BGCantor Market Data. The 3.75 percent security maturing in November 2018 rose 9/32, or $2.81 per $1,000 face amount, to 107 25/32.
The yield on the 30-year bond fell three basis points to 3.59 percent.
‘Troubles Are Deep’
The Institute for Supply Management-Chicago said today its business barometer decreased in January to 33.3, lower than forecast, from 35.1 the prior month. Readings below 50 signal a contraction.
“The economic troubles are deep,” said Christoph Kind, head of asset allocation in Frankfurt at Frankfurt-Trust, which oversees about $23.2 billion. “We are still a long way away from recovery, and I would rather stay with safe assets. Any optimism we saw recently is based on hopes and experience that at some point things have to turn around. But we don’t have any concrete evidence yet to back that up.”
The U.S. economy will contract 1.5 percent this year, according to a Bloomberg survey of economists.
Contracts on the Markit iTraxx Crossover Index of 50 European companies with mostly high-risk, high-yield credit ratings increased 17 basis points to 1,062, according to JPMorgan Chase & Co. prices in London. The index is a benchmark for the cost of protecting bonds against default and an increase signals a deterioration in the perception of credit quality.
Treasuries fell 2.96 percent in January as of yesterday, heading for the biggest monthly loss since April 2004, according to Merrill’s U.S. Treasury Master index.
The securities declined as President Barack Obama’s government sold $78 billion of notes this week, as the U.S. government borrows record amounts to try to end the recession.
$2.5 Trillion
The U.S. will probably borrow $2.5 trillion this fiscal year ending Sept. 30, almost triple the $892 billion in notes and bonds sold the prior 12 months, according to Goldman Sachs Group Inc., also a primary dealer.
“I tend to be bearish,” said Xin Li, who trades Treasuries in Hong Kong for Industrial & Commercial Bank of China Ltd., China’s biggest lender. “The U.S. economy may recover a little bit.”
Ten-year yields will rise to 3 percent in the second half of 2009, Li said. A Bloomberg survey of economists projects the rate will climb to 3.02 percent by Dec. 31, with the most recent forecasts given the heaviest weightings.
Yields suggest there is a revival in credit markets even as the International Monetary Fund predicts that world growth will stagnate this year.
The so-called TED spread that measures the difference between what banks and the U.S. government pay for three-month loans, was 0.97 percentage point, near the lowest since July. It was as high as 4.64 percentage points in October, following the collapse of Lehman Brothers Holdings Inc. the month before.
High-Yield Securities
The London interbank offered rate, or Libor, for three- month dollar loans, rose one basis point to 1.18 percent. It was 4.82 percent in October, versus an average of 3.72 percent for the past five years.
U.S. high-yield, high-risk securities returned 5.7 percent this month, the best start to a year since 2001, Merrill’s indexes show. The bonds are rated below Baa3 by Moody’s and BBB- by Standard & Poor’s.
The Federal Reserve cut its target rate for overnight lending between banks to a range of zero percent to 0.25 percent last month, and is adding cash to the financial system to try to restore bank lending.
Consumer Lending Rates
The policy still hasn’t succeeded in reducing consumer lending rates to near government borrowing costs. The gap between 30-year mortgage rates and 10-year Treasury yields is about 2.27 percentage points, up from 1.55 percentage points five years ago.
“The markets aren’t well, but they’re certainly going in the direction we’d like to see,” said Milton Ezrati, senior economist and strategist at Jersey City, New Jersey-based Lord Abbett & Co., which manages $75 billion.
The Fed’s cash additions are raising concern that inflation will quicken. The difference between rates on 10-year notes and Treasury Inflation Protected Securities, or TIPS, which reflects the outlook among traders for consumer prices, widened to 1.12 percentage points today, close to the most in more than three months.
 
ah quasi dimenticavo , ierisera la bbc ha coniato il nuovo acronimo PIIGS , bonanime hanno incluso anche i loro terroni irlandesi:D
 
l'effetto afrodisiaco obama mi sa che è andato perduto

Treasuries Advance, Trimming Monthly Loss, as GDP Falls 3.8%




By Daniel Kruger and Anchalee Worrachate
Jan. 30 (Bloomberg) -- Treasuries rose, trimming the steepest monthly loss in almost five years, as a government report showed the economy shrank in the fourth quarter the most since 1982.
Government securities gained for the first time in three days as the Commerce Department said gross domestic product contracted at a 3.8 percent annual pace from October through December. The GDP price index fell for the first time since 1954. Yields declined earlier as the cost of protecting corporate bonds from default climbed, helping fuel demand for the relative safety of government debt.
“We didn’t get the 5.5 percent decline that we had expected, but it was still the worst performance in 26 years,” said Kevin Flanagan, a Purchase, New York-based fixed-income strategist for Morgan Stanley’s individual-investor clients. “The inflation aspect was friendly for the bond market.”
The 10-year yield decreased three basis points, or 0.03 percentage point, to 2.83 percent at 10:09 a.m. in New York, according to BGCantor Market Data. The 3.75 percent security maturing in November 2018 rose 9/32, or $2.81 per $1,000 face amount, to 107 25/32.
The yield on the 30-year bond fell three basis points to 3.59 percent.
‘Troubles Are Deep’
The Institute for Supply Management-Chicago said today its business barometer decreased in January to 33.3, lower than forecast, from 35.1 the prior month. Readings below 50 signal a contraction.
“The economic troubles are deep,” said Christoph Kind, head of asset allocation in Frankfurt at Frankfurt-Trust, which oversees about $23.2 billion. “We are still a long way away from recovery, and I would rather stay with safe assets. Any optimism we saw recently is based on hopes and experience that at some point things have to turn around. But we don’t have any concrete evidence yet to back that up.”
The U.S. economy will contract 1.5 percent this year, according to a Bloomberg survey of economists.
Contracts on the Markit iTraxx Crossover Index of 50 European companies with mostly high-risk, high-yield credit ratings increased 17 basis points to 1,062, according to JPMorgan Chase & Co. prices in London. The index is a benchmark for the cost of protecting bonds against default and an increase signals a deterioration in the perception of credit quality.
Treasuries fell 2.96 percent in January as of yesterday, heading for the biggest monthly loss since April 2004, according to Merrill’s U.S. Treasury Master index.
The securities declined as President Barack Obama’s government sold $78 billion of notes this week, as the U.S. government borrows record amounts to try to end the recession.
$2.5 Trillion
The U.S. will probably borrow $2.5 trillion this fiscal year ending Sept. 30, almost triple the $892 billion in notes and bonds sold the prior 12 months, according to Goldman Sachs Group Inc., also a primary dealer.
“I tend to be bearish,” said Xin Li, who trades Treasuries in Hong Kong for Industrial & Commercial Bank of China Ltd., China’s biggest lender. “The U.S. economy may recover a little bit.”
Ten-year yields will rise to 3 percent in the second half of 2009, Li said. A Bloomberg survey of economists projects the rate will climb to 3.02 percent by Dec. 31, with the most recent forecasts given the heaviest weightings.
Yields suggest there is a revival in credit markets even as the International Monetary Fund predicts that world growth will stagnate this year.
The so-called TED spread that measures the difference between what banks and the U.S. government pay for three-month loans, was 0.97 percentage point, near the lowest since July. It was as high as 4.64 percentage points in October, following the collapse of Lehman Brothers Holdings Inc. the month before.
High-Yield Securities
The London interbank offered rate, or Libor, for three- month dollar loans, rose one basis point to 1.18 percent. It was 4.82 percent in October, versus an average of 3.72 percent for the past five years.
U.S. high-yield, high-risk securities returned 5.7 percent this month, the best start to a year since 2001, Merrill’s indexes show. The bonds are rated below Baa3 by Moody’s and BBB- by Standard & Poor’s.
The Federal Reserve cut its target rate for overnight lending between banks to a range of zero percent to 0.25 percent last month, and is adding cash to the financial system to try to restore bank lending.
Consumer Lending Rates
The policy still hasn’t succeeded in reducing consumer lending rates to near government borrowing costs. The gap between 30-year mortgage rates and 10-year Treasury yields is about 2.27 percentage points, up from 1.55 percentage points five years ago.
“The markets aren’t well, but they’re certainly going in the direction we’d like to see,” said Milton Ezrati, senior economist and strategist at Jersey City, New Jersey-based Lord Abbett & Co., which manages $75 billion.
The Fed’s cash additions are raising concern that inflation will quicken. The difference between rates on 10-year notes and Treasury Inflation Protected Securities, or TIPS, which reflects the outlook among traders for consumer prices, widened to 1.12 percentage points today, close to the most in more than three months.

The Fed’s cash additions are raising concern that inflation will quicken.

:cool:
 

Users who are viewing this thread

Back
Alto