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shared by Kirll Shaman on 08 Dec 08 - Cached

Yields on two-, 10- and 30-year securities fell to the lowest levels since the Treasury began regular sales of the debt
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0.01 percent, the least since January 1940
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The yield on the 10-year note plummeted 22 basis points, or 0.22 percentage point, this week to 2.71 percent, according to BGCantor Market Data. It touched 2.505 percent yesterday, the lowest since at least 1962 when the Fed’s daily records on the note began in 1962, and since 1954 on a monthly basis. The 3.75 percent security due in November 2018 climbed 1 29/32, or $19.06 per $1,000 face amount, to 109.
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to 0.77 percent, the lowest level since regular sales began in 1975
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Non-farm payrolls in the U.S. shrank by 533,000 in November, the 11th month that companies have cut jobs, the Labor Department said yesterday. That was above the 335,000 median estimate of 73 economists in a Bloomberg News survey.
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All you can say is, ‘My God.’ Things are going to get progressively worse.”
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2.97 percent
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6.99 percen
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shared by Kirll Shaman on 12 Dec 08 - Cached

$780 million of AAA rated portions of collateralized loan obligations
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PMorgan owned $14 billion of top-rated CLOs last quarter, according to a November regulatory filing.
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CLOs, which are a type of CDO, repackage loans used to fund leveraged buyouts and other non-investment-grade, or junk, rated companies into new securities with varying ratings. High-yield, or junk, securities are rated below Baa3 by Moody’s Investors Service and BBB- at Standard & Poor’s.
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JPMorgan received $25 billion in capital under the program.
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00 million of CLOs at above-market prices an “important technical event” for the market.
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Top-rated CLOs hit record spreads over three-month Libor of 5.25 percentage points in the week ended Nov. 20, the report said. The borrowing benchmark is currently set at 2 percent.
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shared by Kirll Shaman on 12 Dec 08 - Cached

30,000 to 35,000 positions over the next three years because of its acquisition of Merrill Lynch & Co. and the weak economic environment.
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Citigroup Inc. is planning to eliminate 52,000 jobs in the next year.
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Merrill in agreeing to buy the world’s largest securities brokerage in a stock transaction now valued at $19.6 billion
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bank’s efficiency ratio, measuring its costs as a percentage of revenues, is about 43 percent, Whalen said. That compares with 53 percent at JPMorgan Chase & Co., the largest U.S. bank, and 66 percent at Citigroup,
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Citigroup trimmed the research staff by 3 percent in October and Goldman Sachs Group Inc. fired six equity analysts as it stopped covering 20 stocks and suspended research on 23.
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shared by Kirll Shaman on 12 Dec 08 - Cached

Goldman Sachs is considering changes to its retirement planning, a spokeswoman for the New York-based company said today. This will include raising the combined number of years of service and age to a total of 60 from 55,
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reduce head count by 10 percent
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cutting about 3,200 workers
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$10 billion from the U.S. Treasury as part of the government’s finance-industry rescue plan.
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200,000 jobs as the worst financial crisis since the Great Depression saps revenue.
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