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All charts are closing levels for 5 days through latest closing. For an explanation of what the chart represents, just click on it.
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30Y/Fannie yield spread : -11 BP 30-Day moving average for delivery rate: 4.61% Good Morning Lenders. The text that follows is only a partial 'thumbnail' of what appears in our publication Daily Economic Insights." Please see instructions below if you would like to see some free samples. * * * If we use terms you are unfamiliar with you can find out what they mean at: http://econonews.net/glossary.html * * * We are in the throws of a very interesting week in the credit markets. To say we are a bit surprised that they delivery rate is currently 11 BP below the long bond yield would be an understatement. We are navigating through uncharted waters these days. This morning the credit markets are being buoyed by offshore events and a very important and inadequately covered pronouncement from Asia overnight. We will jump all over this rather stunning event in today’s daily newsletter. Bonds have trimmed their early morning rally as stocks covered early morning losses and moved modestly into positive territory. It is a very light econonews day. The delivery rate was 4 BP below yesterday’s closing level at 4.55% at out usual 10:00 AM EST price check. This is 5 BP lower than this time yesterday morning. Tomorrow we get a look at the new mortgage loan application flow for last week and it should be rather interesting. Where is the delivery rate (and the credit markets) likely to head from here? You can either read about it this morning in our Daily Edition of Economic Insights 2010, or wait until after the fact to find out, so… Stay tuned. Click Here to see one of our daily newsletter from last week.week. For a 2-week free "trial subscription" of our newsletter "Daily Economic Insights" just CLICK HERE. Now that most of the horses have left the stable, it is time to look at where your business is going to come from? How you are going to attract new business? Have you considered a ‘content driven’ newsletter that will not wind up on the desks of your referral sources from multiple senders? Our personalized newsletters can act as your ‘silent salesperson’ if we delivery them electronically for you (at no charge with our service) when you can’t show your face in that office each week. We can offer “exclusivity” for your market area for the newsletters, which include your photo, company logo and all your personal contact information. Would you like to see samples of our 'personalized' newsletters 'For Lenders Only' that are cost effective marketing tools? You can find more related figures ©1999-2010 Howard Blum & The Financial News & Information Service, Novato, CA |
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