Markets

Mar 01, 2002 at 00:00

What better omen to admit possible fallibility than the above palindromic date? Our previous maunderings about a possible replication of the Japanese experience could easily be dead on arrival; given…

Feb 22, 2002 at 00:00

From today's Wall Street Journal: "The Federal Reserve Bank of New York is examining J.P. Morgan Chase's accounting for commodity-related trades with Enron Corp., according to internal central-bank documents reviewed…

Feb 15, 2002 at 00:00

Economically sensitive issues (with clean accounting) outperformed, with the Morgan Stanley Cyclical index jumping 3%. The Morgan Stanley Consumer index added 2%, while the Utilities were unchanged. The broader market…

Feb 08, 2002 at 00:00

The Credit market trades nervously, with considerable volatility throughout the corporate and agency sectors. Treasuries benefited from the increasing tumult, as 2-year yields declined 15 basis points to 2.78%. Five-year…

Feb 01, 2002 at 00:00

As accounting issues and the health of the U.S. financial system took center stage this week, the wild volatility affliction made its way to financial stocks. For the week, the…

Jan 25, 2002 at 00:00

Credit markets were less than thrilled by Dr. Greenspan's retreat from ultra-dove or the continued barrage of stronger than expected economic data. For the week, June euro-dollar rates jumped 22…

Jan 18, 2002 at 00:00

It was another unsettled week in the Credit market, with positive economy data, weak equity markets, and conflicting comments from Fed officials keeping participants on edge. For the week, 2-year…

Jan 11, 2002 at 00:00

Could it be that the bond market is beginning to sniff out impending Consumer debt problems? Or is it more likely a case of increased recognition of the harsh reality…

Jan 04, 2002 at 00:00

And while Credit market participants must be watching the stock market and economic data with increasing trepidation, the market held its own. For the week, 2-year yields were basically unchanged…

Jul 02, 2003 at 00:00

Company announcements quieted down during this shortened trading week. Most of the news this week showed that the economy was at least treading water if not signaling a pickup in…