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House Prices, Delinquencies and the Dollar

June 30, 2009
The much watched Case/Shiller house price index pace of decline is slowing. In Jan, home prices in the 20-large urban centers were 19.01% below year ago levels and today we learned that in April prics were off 18.12% year-over-year. This is the slowest pace of decline since last Oct. Eight of the 20 cities reported an increase in prices in the mon…
House Prices, Delinquencies and the Dollar House Prices, Delinquencies and the Dollar Reviewed by magonomics on June 30, 2009 Rating: 5
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Some Sterling Thoughts

June 30, 2009
Sterling rose to eight months highs earlier today, before the disappointingly large current account deficit. Sterling held important support near $1.6550 and is trying to recover. Only a break of this support would darken the near-term outlook. A move above $1.6650 would signal the end of the downside correction that saw cable shed nearly two cent…
Some Sterling Thoughts Some Sterling Thoughts Reviewed by magonomics on June 30, 2009 Rating: 5
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The Dollar is Alive and Well - Washington Post Letter to the Editor The Dollar is Alive and Well - Washington Post Letter to the Editor Reviewed by magonomics on June 30, 2009 Rating: 5
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Gilts, Sterling, and European Bonds

June 29, 2009
UK gilts and sterling itself responded positively to earlier news that the BOE's reverse auction to buy GBP3.5 bln was well received. There were offers for GBP4.3 bln. The BOE will conduct another reverse auction on 1 July and buy GBP3 bln worth of bonds.
Gilts, Sterling, and European Bonds Gilts, Sterling, and European Bonds Reviewed by magonomics on June 29, 2009 Rating: 5
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Debt Revival a Major Surprise of H1

June 29, 2009
One of the surprising developments in the H1 2009 has been explosion of debt issuance, outside of the sovereign sector. The $345 billion of high grade issuance in Europe, for example, surpasses full year records. Globally, the financial sector issued about $730 billion of debt while the non-financial sector issued about $886 billion, according to …
Debt Revival a Major Surprise of H1 Debt Revival a Major Surprise of H1 Reviewed by magonomics on June 29, 2009 Rating: 5
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