Gary Smith’s Market Take

Here’s my take on the markets today, May 24th, 2013. If you’d like to read more of my articles, click here. Credit gauges are mostly deteriorating today. The Libor-OIS Spread is gaining +4.8% to 16.52 bps(+8.3% in 5 days). The TED Spread is up +2.2% to 23.72 bps. The 2Y Swap Spread is up +6.3% [...]

Gary Smith’s Market Take

Here’s my take on the markets today, May 21st, 2013. If you’d like to read more of my articles, click here. Credit gauges are mostly deteriorating today. The Libor-OIS Spread is up +2.4% to 16.3 bps. The 2Y Swap Spread is up +2.1% to 14.75 bps. The US sovereign cds is up +3.0% to 29.83 [...]

Gary Smith’s Market Take

Here’s my take on the markets today, May 18th, 2013. If you’d like to read more of my articles, click here. Credit gauges are mixed today. The TED Spread is falling -2.2% to 24.3 bps. The North America Investment Grade CDS Index is falling -1.7% to 70.42 bps. The European Investment Grade CDS Index is [...]

Gary Smith’s Market Take

Here’s my take on the markets today, May 14th, 2013. If you’d like to read more of my articles, click here. Credit gauges are mixed today. The Libor-OIS Spread is falling -10.5% to 14.41 bps. The North America Investment Grade CDS Index is falling -1.6% to 72.45 bps. The US sovereign cds is down -6.2% [...]

Gary Smith’s Market Take

Here’s my take on the markets today, May 10th, 2013. If you’d like to read more of my articles, click here. Credit gauges are mixed today. The 3M EUR/USD Cross Currency Basis Swap is rising +4.1% to -14.18 bps. The Spain sovereign cds is down -1.8% to 224.1 bps. The Italian/German 10Y Yld Spread is [...]

Gary Smith’s Market Take

Here’s my take on the markets today, May 7th, 2013. If you’d like to read more of my articles, click here. Credit gauges are mostly improving today. The 3M EUR/USD Cross Currency Basis Swap is falling -5.2% to -15.6 bps. The North American Investment Grade CDS Index is down -1.7% to 69.35 bps. The European [...]

Gary Smith’s Market Take

Here’s my take on the markets today, May 3rd, 2013. If you’d like to read more of my articles, click here. Credit gauges are mostly improving today. The 3M EUR/USD Cross-Currency Basis Swap is rising +4.9% to -16.43 bps. The TED Spread is falling -3.4% to 22.95 bps. The North America Investment Grade CDS Index [...]

Gary Smith’s Market Take

Here’s my take on the markets today, April 30th, 2013. If you’d like to read more of my articles, click here. Credit gauges are mixed today. The European Financial Sector CDS Index is falling -3.8% to 147.19 bps. The Spain sovereign cds is down -2.6% to 240.17 bps. The Italian/German 10Y Yield Spread is falling [...]

Gary Smith’s Market Take

Here’s my take on the markets today, April 25th, 2013. If you’d like to read more of my articles, click here. Credit gauges are mostly deteriorating today. The North America Investment Grade CDS Index is down -2.7% to 77.82 bps. The Japan sovereign cds is down -2.0% to 66.27 bps. The South Korea sovereign cds [...]

Gary Smith’s Market Take

Here’s my take on the markets today, April 23rd, 2013. If you’d like to read more of my articles, click here. Credit gauges are mixed today. The 2Y Euro Swap Spread is down -4.4% to 37.55 bps. The European Investment Grade CDS Index is down -2.45% to 107.92 bps. The European Financial Sector CDS Index [...]