Saturday, May 30, 2009

Saturday

Banks finding it difficult to take advantage of the friendly yield curve:
"I'd highlight Goldman Sachs' (GS) $1.0 billion reopening of its 10-year bond at 337.5 bps over the 10-year - or 7.50%. To these eyes, this is arguably a far worse reverse carry trade; borrow long at high spreads and do what with it profitably without taking either extreme credit or market risk?" - Minyan Peter

Trouble ahead for the Sun Belt

MUST READ - Not a fan of short-selling? You might be unwittingly helping supply shares to the bears...

The new "run-rate" for US annual car sales is permanently impaired...

California is about to look a lot different

Bad news bonds

Skeptical of diversification

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