Here’s my take on the markets today, June 17th, 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 gaining +2.1% to -11.75 bps. The 2Y Swap Spread is falling -3.9% to 15.85 bps. The European Investment Grade CDS Index is [...]
Gary Smith’s Market Take
Gary Smith’s Market Take
Here’s my take on the markets today, June 11th, 2013. If you’d like to read more of my articles, click here. Credit gauges are deteriorating meaningfully today. The 3M EUR/USD Cross-Currency Basis Swap is falling -2.3% to -12.75 bps. The European Investment Grade CDS Index is gaining +4.7% to 111.4 bps(+7.2% in 5 days). The [...]
Gary Smith’s Market Take
Here’s my take on the markets today, June 8th, 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 +1.6% to -12.6 bps. The North America Investment Grade CDS Index is falling -2.8% to 81.52 bps. The European Investment Grade [...]
Gary Smith’s Market Take
Here’s my take on the markets today, June 4th, 2013. If you’d like to read more of my articles, click here. Credit gauges are mixed today. The Ted Spread is falling -5.8% to 23.3 bps. The European Investment Grade CDS Index is falling -3.2% to 104.08 bps(+9.8% in 5 days). The European Financial Sector CDS [...]
Gary Smith’s Market Take
Here’s my take on the markets today, May 30th, 2013. If you’d like to read more of my articles, click here. Credit gauges are mostly deteriorating today. The 3M EUR/USD Cross-Currency Basis Swap is up +2.5% to -14.2 bps. The North America Investment Grade CDS Index is down -1.3% to 75.86 bps. The Spain sovereign [...]
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
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 [...]


