Go to the Amazon.com link below for TIMING THE MARKET by Deborah Weir (Wiley, 2005).
Email: DebWeir@WealthStrategies.bz
Take her class at the NY Institute of Finance: nyif.com/courses/fimk_1014.html.
Tuesday, September 05, 2006
Chevron found oil, so investors are changing the shape of the yield curve. The 3-mo./10-yr. spread went from -28 BP to -19 BP in one day!
4 comments:
Anonymous
said...
It appears that the near term rates on the Corporate Bond yield curve are slowly starting to invert...though 1,2,3 years are now nearly flat.
Debra, my data shows that the spread between the 3month and 10 yr went from -0.29% on 9/1 to -.20 today. Is that not 9 basis points? (not 19??)...Morey
4 comments:
It appears that the near term rates on the Corporate Bond yield curve are slowly starting to invert...though 1,2,3 years are now nearly flat.
Debra, my data shows that the spread between the 3month and 10 yr went from -0.29% on 9/1 to -.20 today. Is that not 9 basis points? (not 19??)...Morey
Dear Morey,
The improvement is 9 BP for a new spread of -19. Here is the raw data from WSJ:
Date 3-mo - 10-yr = Spread:
1-Sep:. 5.03 4.73 = -30
5-Sep: 5.01 4.73 = -28
6-Sep: 4.97 4.78 = -19
Best,
Deb
Dear Anonymous,
Corporates have certainly lagged the Treasury market in the shape of the curve.
Best,
Deb
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