Japan

Quantitative Easing: Rate Recap & Timeline

For the past 2.5 years, the Fed has run two rounds of rate stimulus known as quantitative easing (QE), which is bond buying to drive prices up and rates down. QE2 ends June 30, so here’s a chart recapping 30yr fixed rates from crisis peak to now. It’s labeled to show how QE1, QE2, and

Basel Bank Capital Rules: Time To Dump Them?

The mortgage mess and great recession here in the U.S. led to a great deal of additional banking regulation. Regulations are made by people who usually do not have enough awareness of long-term consequences, so nobody really knows how these regulations will impact banking, the mortgage business, and the economy. And on an international scale,

Basel Bank Capital Rules: Time To Dump Them?

The mortgage mess and great recession here in the U.S. led to a great deal of additional banking regulation. Regulations are made by people who usually do not have enough awareness of long-term consequences, so nobody really knows how these regulations will impact banking, the mortgage business, and the economy. And on an international scale,

Stocks, Rates Lower After Japan Atomic Threat Elevated

Stocks are down today (S&P 500 -12) and bonds are up (FNMA 30yr 4% coupon +53 basis points), which will push rates down if if the bond rally holds. Stocks were stuck in a flat trading range for the past week then today broke lower, so bonds are benefitting. Part of the flight to safer

WeeklyBasis 3/26/11: Rates Likely Up 2nd Week

Rates ended last week up .125% after being even for three weeks. Poor new and existing home sales, rattled consumers, and the Portugal flare-up in Europe’s debt crisis last week would normally cause rates to drop as mortgage bonds rally. But bonds lost ground as investors moved to stocks, pushing the S&P 500 up 2.7%

Libya Returns To Center Stage With Japan: Summary & Market Reaction

Liyba’s civil war has been buried by Japan’s post-tsunami nuclear disaster and a huge week for U.S. economic news. But as U.S. news dies down today, the UN announced a no-fly zone and authorized use of air attacks against Libya to protect pro-democracy citizens who’ve been bombed by Muammar Gaddafi’s government for the past month

Libya Returns To Center Stage With Japan: Summary & Market Reaction

Liyba’s civil war has been buried by Japan’s post-tsunami nuclear disaster and a huge week for U.S. economic news. But as U.S. news dies down today, the UN announced a no-fly zone and authorized use of air attacks against Libya to protect pro-democracy citizens who’ve been bombed by Muammar Gaddafi’s government for the past month