1. Fed 2009 consolidated financial statements 2. Separating Derivatives businesses from commercial banking business 3. Poor initial claims data Fed statements – I have spent some time in commentaries recently going through the odd hedging issues on the ML portfolios...
There is so much to discuss surrounding this SEC investigation. First and foremost landmark financial reform is around the corner. The big banks have been lobbying hard to water down any attempt at ending TBTF (too big to fail) and their oligopoly in the OTC...
Initial claims was disappointing - 484, after 460 last week is just not a step in the right direction. This data is our best high frequency look at the US labor market, and unfortunatly that look is a bit grim. I guess there is a silver lining in that this data will...
The text of the EU statement on Greece is at the end of this commentary. In a nutshell, the no bailout clause has been completely circumvented and we are seeing direct bilateral aid to Greece. As Percy Shelley wrote many years ago (and Bill Clinton restated in 1999) -...
Front end trades ok post numbers. Back end feels soggy. I still cannot get excited about selling a market that’s sits at the high end of the yield range. The number had something for everyone but less census than expected and more private payrolls than ADP indicated...
Front end trades ok post numbers. Back end feels soggy. I still cannot get excited about selling a market that’s sits at the high end of the yield range. The number had something for everyone but less census than expected and more private payrolls than ADP indicated is most certainly the cause for the leak […]
