Charts and News for Monday
It's shaping up to be an interesting Monday. Markets rallied in China, but not in Japan, Australia or Europe. US futures are up as I write this. And the news ...
Credit Market in `Pivotal' Test; $140 Billion of Commercial Paper Matures Banks and companies need to refinance almost $140 billion of commercial paper in Europe by the end of next week and may push up yield premiums on corporate bonds, according to Deutsche Bank AG, Germany's biggest bank.
Biggest Treasury Rally Since '03 Belied by Historic Drop in Foreign Demand Treasury investors basking in the biggest rally in four years have reason to fear for their profits: The largest owners of U.S. government debt are heading for the exit.
OPEC appears unlikely to increase output quotas amid concerns the subprime credit crunch could brake growth. Also, OPEC Oil Ministers Say Crude Plentiful.
Meanwhile, in the credit markets ...Credit Market in `Pivotal' Test; $140 Billion of Commercial Paper Matures Banks and companies need to refinance almost $140 billion of commercial paper in Europe by the end of next week and may push up yield premiums on corporate bonds, according to Deutsche Bank AG, Germany's biggest bank.
Biggest Treasury Rally Since '03 Belied by Historic Drop in Foreign Demand Treasury investors basking in the biggest rally in four years have reason to fear for their profits: The largest owners of U.S. government debt are heading for the exit.
Labels: crude oil, gold, Treasuries, US dollar
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posted by Sean Brodrick @ 6:57 AM
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