Understanding bond spreads, comparing yield of different bond's, is an art as much as it is a science. As an example, it seems to me that the current narrowing of spreads between Treasury debt and credits is saying that the bond market demands higher Treasury yields. That reflects market recognition of the possibility of a US debt crisis/renegotiation at some time in the future, and signaling inflation forces are genuinely lurking nearby. It seems pretty easy to say that. Paul Krugman puts a different perspective on this in a recent post titled "A Note on the Term Spread". In his post he makes this interesting point...
Wednesday, March 31, 2010
Tuesday, March 30, 2010
FHA Home Financing Guideline's Tightened?
The NYTimes, in January, reported on the new lending standards required for loans insured by the FHA. If you believe loans are now more difficult to get, read on.
As of December, the F.H.A. was insuring 5.8 million single-family residences that had a total loan balance of $750 billion. More than half a million of the loans were seriously delinquent and heading toward foreclosure.
Many of these troubled loans were made in 2007 and 2008 as the market was plunging. Last fall, the agency said its cash reserves had tumbled to 0.5 percent of its loans outstanding, far below the 2 percent mandated by Congress.
Monday, March 29, 2010
BEA News: Personal Income and Outlays, February 2010
The U.S. Bureau of Economic Analysis (BEA) has issued the following news release today:
Personal income increased $1.2 billion, or less than 0.1 percent, and disposable personal income (DPI) increased $1.6 billion, or less than 0.1 percent, in February, according to the Bureau of Economic Analysis.
The full text of the release on BEA's Web site can be found at
http://www.bea.gov/newsreleases/national/pi/pinewsrelease.htm
U.S. Bureau of Economic Analysis · 1441 L Street NW · Washington DC 20230 · 202-606-9900
Personal income increased $1.2 billion, or less than 0.1 percent, and disposable personal income (DPI) increased $1.6 billion, or less than 0.1 percent, in February, according to the Bureau of Economic Analysis.
The full text of the release on BEA's Web site can be found at
http://www.bea.gov/newsreleases/national/pi/pinewsrelease.htm
U.S. Bureau of Economic Analysis · 1441 L Street NW · Washington DC 20230 · 202-606-9900
Labels:
BEA News,
Personal income
Friday, March 26, 2010
BEA News: GDP (third estimate) and Corporate Profits, 4th Qtr 2009
The BEA makes three estimates of GDP each quarter. This is their final for Q4 2009.
The U.S. Bureau of Economic Analysis (BEA) has issued the following news release today:
Real gross domestic product -- the output of goods and services produced by labor and property located in the United States -- increased at an annual rate of 5.6 percent in the fourth quarter of 2009, (that is, from the third quarter to the fourth quarter), according to the "third" estimate released by the Bureau of Economic Analysis.
The full text of the release on BEA's Web site can be found at http://www.bea.gov/newsreleases/national/gdp/gdpnewsrelease.htm.
U.S. Bureau of Economic Analysis · 1441 L Street NW · Washington DC 20230 · 202-606-9900
The U.S. Bureau of Economic Analysis (BEA) has issued the following news release today:
Real gross domestic product -- the output of goods and services produced by labor and property located in the United States -- increased at an annual rate of 5.6 percent in the fourth quarter of 2009, (that is, from the third quarter to the fourth quarter), according to the "third" estimate released by the Bureau of Economic Analysis.
The full text of the release on BEA's Web site can be found at http://www.bea.gov/newsreleases/national/gdp/gdpnewsrelease.htm.
U.S. Bureau of Economic Analysis · 1441 L Street NW · Washington DC 20230 · 202-606-9900
Subscribe to:
Posts (Atom)