Articles of Interest
Why Cardea Partners Exists…
An example of why we and other swap advisors are available in the marketplace to help clients manage interest rate exposures in a cost-effective manner. (NY Times)
Articles of Interest
Chairman Bernanke's Congressional Testimony
The Chairman of the Federal Reserve provides some reassurances to the markets in his statement to both houses of Congress this week. Points of note: Fed expects 3.5-4.5% GDP growth in 2011 and 2012, 7-7.5% unemployment by the end of 2012, and an initial rebalancing of the Fed’s Treasury and Agency Read more…
Articles of Interest
Chairman Bernanke’s Congressional Testimony
The Chairman of the Federal Reserve provides some reassurances to the markets in his statement to both houses of Congress this week. Points of note: Fed expects 3.5-4.5% GDP growth in 2011 and 2012, 7-7.5% unemployment by the end of 2012, and an initial rebalancing of the Fed’s Treasury and Agency Read more…
Articles of Interest
Bank for International Settlements 2009/10 Annual Report
The Bank for International Settlements (BIS) annual report includes highly topical economic analysis, including Section III, which discusses the potential ramifications of extended periods of low interest rate policies. In particular, the report notes that the resulting ‘search for yield’ can result in distorted financial innovation, lack of real investment, and Read more…
Articles of Interest
LIBOR On the Move
Three-month LIBOR rates head above 50 bps for the first time since last summer. European debt fears seem to be the culprit, as opposed to the likelihood of a monetary policy shift. When the trust among banks and sovereigns returns, LIBOR tends to track the Fed Fund target rate. (Bloomberg)