Monthly Archives: November 2012

The MorningSnapshot- 11/14

The MorningSnapshot November 14, 2012 Yesterday’s Wrap-Up The 10yr yield closed the session down -1.7bps to 1.589%, the lowest level since Sept. 4, as U.S. equities were unable to hold on to early gains amid the risks posed by the…

The MorningSnapshot- 11/13

The MorningSnapshot November 13, 2012 Yesterday’s Wrap-Up U.S. bond markets and government offices were closed yesterday in observation of Veterans Day. Stocks changed little on very low volume, with the S&P closing up +0.01%. It should be noted that a…

The MorningSnapshot- 11/9

Risk assets are all moving one direction this morning, not something you want to see when that direction is down. The S&P 500 opened down -0.2%, after futures were trading as low as -0.4%, while Treasuries extend their post re-election rally, with the curve led by 10s through 30s. The 10yr traded at 1.5911%, the lowest level since Sept. 7, as investors consider the possibility that the fiscal cliff could push the world’s largest economy back into recession. The dollar is rising sharply versus most of its peers, while the CDX Investment Grade index is up +1.5bps to 106.18bps.

The Euro Stoxx 50 is down -0.79%, with Germany’s DAX Index leading the way lower. The euro is down -0.29% versus the dollar, while sovereign spreads to bunds in the region are widening modestly. Markit’s iTraxx Europe is up +2bps to over 133.4bps.