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Who is right – the bond or the stock market?
Since six months the correlation between 10yr Treasury bond yields (purple, left hand scale) and […]
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GLD now the world’s second largest ETF
GLD is now the world’s second largest ETF (exchange traded fund) with 1,308 tonnes of […]
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Is corporate debt safer than government debt?
Another day in the bond market, another day of sovereign spread widening. 10yr Greeks now […]
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Greek 10yr bond yield above 9% after downgrade – Spain next?
When a picture speaks louder than words: the Greek 10yr bond yield. After Moody’s downgraded […]
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Greece: A Ratings History
Everything seemed fine until end 2009. Few people talked about it. The debt was there. […]
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Short term US T-bills almost back to zero
Look at 1-month yield for US Treasury bills: almost back to zero. Risk is out […]
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Belgium CDS rise after election – Moody’s downgrades Greece to “junk”
Decent move in Belgian CDS (credit default swaps) today (+16% to 130bps) after Flemish separatists […]
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Another red flag: Commercial Paper (CP)
What are CP’s? They are unsecured “promissory notes”, sold by large companies and banks with […]