Market Soapbox Week Ending 12/19/08
MON, lower, DJIA -65 on lower volume with ugly internals. All DOWN cept XAU. Bonds up 10 yr -7bps 2.50%. $ down vs E1.3698 & vs 90.634y, WTI -3% $44.84, gold +2% $839.6; TED spread -5bps 1.86%; 3 mo Libor -5bps 1.87
TUE, rate cut chump pump, DJIA +360 on average volume with sterling internals. ALL UP 4%+. Bonds up BIG 10 yr -23bps 2.27%, $ down HUGE vs E1.406 & vs 88.72y, WTI -2% $44, gold +2% $855.6, TED spread -4bps 1.82%. 3mo Libor -2bps 1.85.
WEN, triple down, DJIA -100 on average volume with ugly internals. All DOWN cept DJTA, MID, XOI, RUT. Bonds up 10 yr -8bps 2.19, $ down vs E1.4422 & vs 87.785y, WTI -9% $40.11, gold +1% $864.9, TED spread -25bps 1.57%.; 3 mo
Libor -27bps 1.58%
THU, late sell off, DJIA -219 on average volume with ugly internals. All DOWN cept DJUA. Bonds up 10 yr -10 bps 2.09, $ up BIG vs E1.4298 & vs 89.425y, WTI -10% $36.25, gold -1.5% $851.4, TED spread -5bps 1.52%.; 3 mo Libor -6bps 1.52%
FRI, split tape, DJIA -26 on high volume with midlin internals. All UP cept DJUA, XOI. Bonds down 10 yr +3bps 2.12%. $ up BIG vs E1.391 & down vs 89.31y, WTI +16% $42.36, gold -2% $837.4; TED spread -1bps 1.51%; 3 mo Libor -2bps 1.5
This week, DJIA -50, since 09/19/05 DJIA -2080. CRB commodities down 226.96 to 218.87
XAU up 108.24 to 112.75 & gold up 820.5 to 837.4; XOI down 944.22 to 940.89 & WTI down 46.28 to 42.36; Volatility VIX down 54.28 to 44.93
TED Spread -40bps 1.51%; 3 mo LIBOR -42bps 1.5%; Dollar index down 83.711 to 81.118; $ down HUGE vs Y91.155 to 89.31 & vs E1.337 to 1.391
This week long bonds UP HUGE.
30yr -49bps; 10yr -45bps, 5yr -15bps, 2yr -2bps, 6mo -6bps; 3mo -2bps.
30 yr @ 3.55%; 10 yr @ 2.12; 5 yr @ 1.36; 2yr @ 0.74; 6 mo @ 0.14; 3 mo @ -0.01
TUE, rate cut chump pump, DJIA +360 on average volume with sterling internals. ALL UP 4%+. Bonds up BIG 10 yr -23bps 2.27%, $ down HUGE vs E1.406 & vs 88.72y, WTI -2% $44, gold +2% $855.6, TED spread -4bps 1.82%. 3mo Libor -2bps 1.85.
WEN, triple down, DJIA -100 on average volume with ugly internals. All DOWN cept DJTA, MID, XOI, RUT. Bonds up 10 yr -8bps 2.19, $ down vs E1.4422 & vs 87.785y, WTI -9% $40.11, gold +1% $864.9, TED spread -25bps 1.57%.; 3 mo
Libor -27bps 1.58%
THU, late sell off, DJIA -219 on average volume with ugly internals. All DOWN cept DJUA. Bonds up 10 yr -10 bps 2.09, $ up BIG vs E1.4298 & vs 89.425y, WTI -10% $36.25, gold -1.5% $851.4, TED spread -5bps 1.52%.; 3 mo Libor -6bps 1.52%
FRI, split tape, DJIA -26 on high volume with midlin internals. All UP cept DJUA, XOI. Bonds down 10 yr +3bps 2.12%. $ up BIG vs E1.391 & down vs 89.31y, WTI +16% $42.36, gold -2% $837.4; TED spread -1bps 1.51%; 3 mo Libor -2bps 1.5
This week, DJIA -50, since 09/19/05 DJIA -2080. CRB commodities down 226.96 to 218.87
XAU up 108.24 to 112.75 & gold up 820.5 to 837.4; XOI down 944.22 to 940.89 & WTI down 46.28 to 42.36; Volatility VIX down 54.28 to 44.93
TED Spread -40bps 1.51%; 3 mo LIBOR -42bps 1.5%; Dollar index down 83.711 to 81.118; $ down HUGE vs Y91.155 to 89.31 & vs E1.337 to 1.391
This week long bonds UP HUGE.
30yr -49bps; 10yr -45bps, 5yr -15bps, 2yr -2bps, 6mo -6bps; 3mo -2bps.
30 yr @ 3.55%; 10 yr @ 2.12; 5 yr @ 1.36; 2yr @ 0.74; 6 mo @ 0.14; 3 mo @ -0.01
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