HEADLINE NEWS WEEK ENDING 10/02/09
Overview
The US economy shed 263,000 jobs in September, which was below the consensus forecast by nearly 100,000. At the same time, the unemployment rate rose to a 26-year high of 9.8% during the month. more...
US MARKETS
Treasury/Economics
Treasuries traded higher this week, with the intermediate part of the yield curve, mostly 5 year and 7 year yields outperforming all other maturities. more...
Large-Cap Equities
The stock market fell for the second straight week on concerns of a slower than expected economic recovery. more...
Corporate Bonds
Investment grade primary activity continued its recent run as an eclectic mix of issuers tapped the market. more...
Mortgage-Backed Securities
Is the range bound trade over? A relapse in equities and weaker-than-expected economic reports sent bond yields to their lowest levels since May. more...
Municipal Bonds
The municipal bond market turned in a fantastic monthly performance in September. Total return for the month on the broad Barclays Municipal Bond Index ranked as one of the top 3 months in the last 20 years, at 3.6%. more...
High-Yield
After posting the largest gains in the modern history of the high yield market of over 22% in the second quarter, the asset class did not disappoint in the third quarter. more...
INTERNATIONAL MARKETS
Eastern European Equities
The CECE index of equities traded in Central Europe (Czech Republic, Hungary, and Poland) lost -3.7% this week, while the Russian stock index RTS went down -0.1%. more...
Global Bonds and Currencies
Major non-US government bond markets had another positive week, supported by equity market declines and concerns over the sustainability of the global recovery in the wake of some disappointing US data, even though domestic data developments were mixed to positive. more...
Emerging-Market Bonds
Emerging market dollar-pay debt spreads were unchanged this week. Although risk appetite receded as reflected through lower global equity indices, emerging market bonds remained supported by strong inflows into the asset class more...
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