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bespokeinvest.typepad.com - 9/30/2008
Corporate Bonds Worse Than Equities
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Even though equity markets are down nearly 7% today, the corporate bond market is even worse. Below we highlight a price chart of an ETF that tracks an index of investment grade corporate bonds (LQD). As shown, the ETF is down nearly 10% today! Wall Street can't say it didn't warn Main Street. ...
blogs.cfr.org - 10/5/2008
The worse the US does, the better the dollar does …
— blogs.cfr.org — The dollar hasn’t fallen along with the US stocks, US Treasury yields or US employment. There is... now a broad consensus that the US is currently in a recession, something that might be expected to lead to a fall in the dollar. But the dollar, ... (more) The worse the US does, the better the dollar does …
Comments vote down GalaTime found this 10/5/2008found this
vixandmore.blogspot.com - 9/25/2008
Recent Volatility in Corporate Bonds
— vixandmore.blogspot.com — There is a good reason why you rarely hear about high volatility and bonds in the same... sentence. It is the same reason why people don’t debate whether the grass is growing faster on Thursday than it was on Wednesday or whether the paint is taking ... (more) Recent Volatility in Corporate Bonds
Comments vote down Abnormal Returns found this 9/25/2008found this
acrossthecurve.com - 10/2/2008
Corporate Bonds
— acrossthecurve.com — The IG 10 spread is trading 186/188. I did not obtain a closing quote on this yesterday... but it opened around 170. Insurance company bonds are getting spanked as Harry Reid demonstrated that he sorely lacks financial markets savvy with his senseless ... (more) Corporate Bonds
Comments vote down Decline and Fall of Western Civilization found this 10/2/2008found this

Blog Reactions

GalaTime:  Readings: Rupee fall, 52-week lows, Corporate bonds

The Aleph Blog:  Back to One-Off Bailouts

Comments
Blog Reactions

Readings: Rupee fall, 52-week lows, Corporate bonds
GalaTime — ... the day at their 52-week lows. Real-estate and infrastructure stocks such as HDIL, Parsvnath Developers, Gammon India, Unitech, Indiabulls Real Estate and Jaiprakash Associates have not only closed at 52-week lows, but have also declined by over 80 per cent from their respective 52-week highs. I guess this will continue today with most Asian markets down ~ 4%. Bespoke: Corporate Bonds Worse Than Equities Hard to ...

Back to One-Off Bailouts
The Aleph Blog — ... price) may have been the optimal strategy.  Why save non-regulated entities? The prior actions of the Fed and Treasury aimed at the short-term lending markets. My last piece on this topic was pessimistic.  I am still pessimistic, even as the Fed expands the dollar swap facilities, and the TAF.  The commerical paper market is shrinking.  People are fleeing Municipal Money Market Funds.  The repo market is freezing.  And, longer maturity investment grade credit is hurting as well. There will ...

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