| Fri, Aug 28, 2009 |
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Weekly Credit Summary: August 28
Credit underperformed equities this week as single-name tighteners edged wideners by four-to-three leaving indices (especially HY) underperforming intrinsics in general. CONSumer and ENRG names underperformed as TMT and FINLs were best with INDUstrials mixed. Financials outperformed non-financials but the strength in the former was more at the tails of the distribution while the weakness in the latter was more broad-based. [More...]
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| Mon, Aug 24, 2009 |
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US Home Sales Will Struggle To Rebound Without Tax Credit Extension
A rise in existing home sales last month shows things are getting better in the U.S. housing market, but the still-dire unemployment situation and the looming possibility of a jobless recovery may halt the rally by the end of the year. That makes the extension of an $8,000 tax credit for first-time ...
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Daily Markets
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| Fri, Aug 21, 2009 |
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Weekly Credit Summary: August 21
Spreads ended this tempestuous week mixed with breadth generally weak (wideners outpacing tighteners by over two-to-one) and curves flattening more than steepening in single-names. HY outperformed IG as both IG and HY managed gains on the week (Friday-to-Friday close) and even more so from Monday's gap wider openings as the intraday ranges increased as the week progressed. IG and HY closed today within a few bps of their opening (low/tight) levels of last Thursday as HY reached back above $89 by the end of the week. Interestingly, given the headlines, we saw CMBS prices drop and ABX (RMBS) prices rise on the week as CRE losses are on the tip of everyone's tongues as is a residential housing bottom (not!). IG and HY intrinsics both underperformed as the indices saw tecahnicals at play as well as equities weighing positively and negatively on them every day. HVOL was a smidge wider as was [More...]
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| Wed, Aug 19, 2009 |
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Market Updates: Home Depot (HD), Saks Inc. (SKS), Target (TGT), Hewlett-Packard (HPQ)
Retailers Beat Street Estimates; GM Ups Its Production, Recalls 1,350 Workers; HP Beats Street But Faces Falling Sales; PPI Decline; Merger Creates Largest U.S. Homebuilder; Oil Rises More Than $2 a Barrel
- Home Depot Inc. (NYSE: HD),…
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Jutia Group
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Investment News Briefs: Oil Rises More Than $2; Home Depot, Target Beat Estimates
Retailers Beat Street Estimates; GM Ups Its Production, Recalls 1,350 Workers; HP Beats Street But Faces Falling Sales; PPI Decline; Merger Creates Largest U.S. Homebuilder; Oil Rises More Than $2 a Barrel
Home Depot Inc. (HD), Saks Inc. (SKS) and Target Corp. (TGT) all beat analyst estimates in their second quarter thanks ...
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