Closing Comments June 05 2008

Prices of Treasury coupon securities slipped in a lively session in advance of the monthly labor report tomorrow ... . The underperformance of the belly of the curve stemmed from a mini debacle in the swaps market. Swap ... ber Euribor futures are higher by 30 basis points while December 2008 and March 2009 contracts are hig [more...]

Date: 2008-06-05 20:14:41

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Commodities and currencies should continue mixed and sidelined

Overview Turmoil in the credit markets and the ECB adds to woes by suggesting it will raise its key rate by 25 basis points at July’s meeting. Euribor interest rate futures promptly dropped 25 points, with the December 2008 contract pricing three-month Libor at 5.525%, dragging Sterling, Swiss and US money market contracts down too [more...]

Date: 2008-06-12 06:52:54

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