(USTs 'sharply' higher as yields driven by EZ markets on robust volumes) while WE slept; beatings in 20s shall continue…Good morning … will the real Hobbit please come forward and answer a question? Apparently, Janet felt compelled to speak to the FDIC insured deposit limit (again) and confuse us all even more? Yellen says Treasury is ready to take ‘additional actions if warranted’ to stabilize…
(USTs lower, flatter on light volumes) while WE slept; YELLEN>JPOW; everyone agrees - the curve has now bottomed - let the…Good morning … due to travel schedule and having been mostly off the grid yesterday, this mornings update will be topical and sans opinion of my own. I do find it interesting waking up to news that SNB jacked rates — CNBC, Swiss central bank hikes interest rates by 50 basis…
sellside observations for the week ahead (March 27th); remain calm all is well. when the facts change ... narratives follow price action.Good morning/noon/night (please choose one depending upon where you reside and whenever it is you maybe stumbling across this spot on the intertubes … CNBC: Nearly $100 billion in deposits pulled from banks; officials call system ‘sound and resilient’
(USTs are lower / flatter on light volumes)while WE slept; Banking stresses EASE as FDIC studies...Good morning … Marc to Market: Banking Stress Eases Marc doesn’t touch on FDIC and BBG story which I think is of yuuuge importance and so, another day another shocking / NOT shocking development from central planners, ZH: US Studies How To Guarantee All $18 Trillion In US Bank…
sellside observations for the week ahead (3/20) - stuff to read before Crisis TV returns (Sunday afternoon, 4p?) with news of UBS deal to buy CSFB (?); annotated FF; message from curveGood morning / afternoon / evening. Please choose whichever one fits best as you stumble through all the noise on the intertube (present company…
(lower/flatter on above avg volumes)while WE slept; First Boston SAVED (for now) ... a fitting happy anniversary (JPM buys Bear, the day C19 nearly 'broke the financial markets')Good morning … CSFB has been saved … Credit Suisse statement said that it will borrow CHF 50bn from the SNB and announced public tender offers for up to…
(bull steepening, underperforming BUNDS and all on 5x avg volumes with liquidity 'challenged')while WE slept; #BTFP; "Removing Our March Fed Rate Hike Expectation" -GS; Good morning … Once again under the cover of night, rules have changed. We went out Friday wondering / thinking about SVB and that $250k insured deposit…
breathe; fact vs hyperbole; collapse in bank deposits; happy bazookA-versary; picked the wrong day to (stop sniffin' glue and / or turn clocks) AND ... its gone.Good morning … I mean afternoon (clocks threw me curve). There’s a LOT of golf to play between now and WHEN markets opening this evening and I trust…
The BondBeat
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