September 27, 2007

What Did You Do With Your Summer Break?

It's a day early for Fun Friday but I couldn't let today go by without mentioning the fact that The Office season premier is on tonight. Here is a web only clip that NBC posted on YouTube to catch viewers up on what the characters did with their summer. I hope you enjoy it!

Sep 27, 2007 12:56:00 PM | Fun Friday

The comments to this entry are closed.

NEXT POST
The Week Ahead in the Capital Markets We have a world class secondary market department and they are kind enough to send out weekly updates to us sales monkeys. I like posting it as it is both a great source of technical and anecdotal information. Please let me know your thoughts! The Week Ahead in the Capital Markets - September 24, 2007 “The dust is still settling after the Fed used ‘an ax instead of a scalpel to cut rates,’ as Barron’s put it. Mortgages have been volatile. Tuesday, prices rose 0.50%; Thursday, prices fell 0.75%. The yield curve steepened. The 10-year Treasury yield rose 0.16% more than the 2-year yield. Credit spreads – especially those affecting jumbo core loans – have moved in ever so slightly. For everything other than cream-puff loans, jumbo core yields remain at very high levels relative to agencies. Mortgage-to-Treasury spreads narrowed. Mortgages currently yield 1.65% more than Treasuries, about 0.10% less than pre-Fed levels. Demand for mortgages is up; banks usually increase their purchases of mortgages when the yield curve is steep.” The market’s early opinion is that the Fed cut is good for economic growth (stocks soared worldwide) and bad for inflation. Commodities moved to levels not seen in decades....
PREVIOUS POST
The Week Ahead in the Capital Markets We have a world class secondary market department and they are kind enough to send out weekly updates to us sales monkeys. I like posting it as it is both a great source of technical and anecdotal information. Please let me know your thoughts! The Week Ahead in the Capital Markets - October 1, 2007 Jumbo loan prices have improved dramatically from their lows. Most notably in recent days, prices improved at Wells Fargo. Other major jumbo investors also have moved pricing tighter. Relative to conforming pricing, the average jumbo price has improved a full point from the worst levels. Several investors improved their pricing by two points from the worst. Spread markets are still too volatile to sound the ‘all clear’ bell, but recent market action bodes well. Jumbo prices are but one of the markets showing improvement. Citigroup said that certain homebuilders – D.R. Horton and Lennar – are a “buy.” The Dow is trading above 14,000. Corporate bond spreads have moved tighter, and investors are upping allocations to corporates. The volume of commercial paper, on the other hand, continues to shrink. Asset-backed commercial paper issuance remains in free-fall. The decline (or increase) in the amount of CP...

Tim Abbott

The Typepad Team

Search

Recent Comments