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Deleveraging kicks into high gear -
AMD paying off $1 billion of debt
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Even as the financial system collapsed last year, hedge fund manager John Paulson made Billions
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While the Fed is slowing agency debt purchases, supply is declining faster, and bonds w/o govt guarantees are underperforming the Fed's.
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Interest rates on new home loans likely have further to fall, as yields on mortgage securities from
FNM and
FRE tumble near six-month lows.
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The dollar -0.9% against pound, -0.6% against yen, -0.5% against euro, -0.5% against Swiss franc.
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Bernanke watching dollar drop closely
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Stocks Climb as Bernanke Spurs Bets on Low Rate
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Oil 78.80 +2.45 +3.21%
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10 Yr Bond(%) 3.3310% -0.0980
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S&P 500 1,109.29 +15.81 +1.45%
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Dow 10,406.96 +136.49 +1.33%
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Dollar Index down 0.6% and back near 52-week lows,
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S&P 500 1,056.72 -9.39 -0.88%
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Stocks Slip After Rally- Dow 9,880.20 -82.38 -0.83%
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