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cr.
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October 28, 2007 at 11:46 PM #92793October 28, 2007 at 11:58 PM #92777
tucker…
Participantfrom Market Ticker
Last week some $75 million of "fed funds" (that is, interbank overnight credit) was transacted at a rate of 15%, and "a bunch" went through in the low to mid 7s.
No, I didn't mistype that. You can find the actual data at this link.
Originally I, and everyone else, assumed that the "high" was an error. A bad print. That there was no chance this was "real".
It was.
October 28, 2007 at 11:58 PM #92808Participantfrom Market Ticker
Last week some $75 million of "fed funds" (that is, interbank overnight credit) was transacted at a rate of 15%, and "a bunch" went through in the low to mid 7s.
No, I didn't mistype that. You can find the actual data at this link.
Originally I, and everyone else, assumed that the "high" was an error. A bad print. That there was no chance this was "real".
It was.
October 28, 2007 at 11:58 PM #92821Participantfrom Market Ticker
Last week some $75 million of "fed funds" (that is, interbank overnight credit) was transacted at a rate of 15%, and "a bunch" went through in the low to mid 7s.
No, I didn't mistype that. You can find the actual data at this link.
Originally I, and everyone else, assumed that the "high" was an error. A bad print. That there was no chance this was "real".
It was.
October 29, 2007 at 12:04 AM #92780SD Realtor
ParticipantMy guess is it stays where it is.
SD Realtor
October 29, 2007 at 12:04 AM #92811ParticipantMy guess is it stays where it is.
SD Realtor
October 29, 2007 at 12:04 AM #92824ParticipantMy guess is it stays where it is.
SD Realtor
October 29, 2007 at 12:11 AM #92786Raybyrnes
ParticipantThey made their cut this year with .50. Expect to see no cut. Rebalance now into cash and wait for the market to correct following the news.
October 29, 2007 at 12:11 AM #92830ParticipantThey made their cut this year with .50. Expect to see no cut. Rebalance now into cash and wait for the market to correct following the news.
October 29, 2007 at 12:11 AM #92817ParticipantThey made their cut this year with .50. Expect to see no cut. Rebalance now into cash and wait for the market to correct following the news.
October 29, 2007 at 10:42 AM #92875(former)FormerSanDiegan
ParticipantLast week some $75 million of “fed funds” (that is, interbank overnight credit) was transacted at a rate of 15%, and “a bunch” went through in the low to mid 7s.
No, I didn’t mistype that. You can find the actual data at this link.
Originally I, and everyone else, assumed that the “high” was an error. A bad print. That there was no chance this was “real”.
It was.
What exactly is “a bunch”.
The MOST that could have been transacted at 15% would be about 2% of the daily volume. I see no indication of a “bunch”
The low was 4.65 and the volume weighted average was 4.86.
The high was 15. Using a little algebra would tell us that the maximum possible amount transacted at 15% would be about 2% of the daily volume. And that’s the maximum amount.
Is that a bunch ? Less than 2% of a single day’s volume ?Let’s look into the facts before sounding the alarms.
Expect a quarter-point cut.
October 29, 2007 at 10:42 AM #92907ParticipantLast week some $75 million of “fed funds” (that is, interbank overnight credit) was transacted at a rate of 15%, and “a bunch” went through in the low to mid 7s.
No, I didn’t mistype that. You can find the actual data at this link.
Originally I, and everyone else, assumed that the “high” was an error. A bad print. That there was no chance this was “real”.
It was.
What exactly is “a bunch”.
The MOST that could have been transacted at 15% would be about 2% of the daily volume. I see no indication of a “bunch”
The low was 4.65 and the volume weighted average was 4.86.
The high was 15. Using a little algebra would tell us that the maximum possible amount transacted at 15% would be about 2% of the daily volume. And that’s the maximum amount.
Is that a bunch ? Less than 2% of a single day’s volume ?Let’s look into the facts before sounding the alarms.
Expect a quarter-point cut.
October 29, 2007 at 10:42 AM #92921ParticipantLast week some $75 million of “fed funds” (that is, interbank overnight credit) was transacted at a rate of 15%, and “a bunch” went through in the low to mid 7s.
No, I didn’t mistype that. You can find the actual data at this link.
Originally I, and everyone else, assumed that the “high” was an error. A bad print. That there was no chance this was “real”.
It was.
What exactly is “a bunch”.
The MOST that could have been transacted at 15% would be about 2% of the daily volume. I see no indication of a “bunch”
The low was 4.65 and the volume weighted average was 4.86.
The high was 15. Using a little algebra would tell us that the maximum possible amount transacted at 15% would be about 2% of the daily volume. And that’s the maximum amount.
Is that a bunch ? Less than 2% of a single day’s volume ?Let’s look into the facts before sounding the alarms.
Expect a quarter-point cut.
October 29, 2007 at 1:40 PM #92931bsrsharma
ParticipantCanadian dollar hits 47-year high
The Canadian dollar reached on Monday a 47-year high versus the US greenback, gaining on the US currency’s recent weakness, as well as soaring demand for oil and other natural resources. At 1500 GMT, the American dollar was worth only 95.47 Canadian dollars, while the loonie, a sobriquet given to the Canadian dollar, was being traded for 1.0474 US dollars.
According to the Bank of Canada, the loonie had last seen such heights in March 1960.
Analysts noted that all major currencies were increasing in value against the US dollar in anticipation of an interest rate cut by the US Federal Reserve on Wednesday………
http://www.breitbart.com/article.php?id=071029182359.o074k8pl&show_article=1
October 29, 2007 at 1:40 PM #92977ParticipantCanadian dollar hits 47-year high
The Canadian dollar reached on Monday a 47-year high versus the US greenback, gaining on the US currency’s recent weakness, as well as soaring demand for oil and other natural resources. At 1500 GMT, the American dollar was worth only 95.47 Canadian dollars, while the loonie, a sobriquet given to the Canadian dollar, was being traded for 1.0474 US dollars.
According to the Bank of Canada, the loonie had last seen such heights in March 1960.
Analysts noted that all major currencies were increasing in value against the US dollar in anticipation of an interest rate cut by the US Federal Reserve on Wednesday………
http://www.breitbart.com/article.php?id=071029182359.o074k8pl&show_article=1
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