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, March 21st, 2013. If you’d like to read more of my articles, click here. Credit gauges are mostly deteriorating today. The Spain 10Y Yld is falling -1.77% to 4.89%. However, the 3M EUR/USD Cross-Currency Basis Swap is falling -4.3% to -20.22 bps(-23.5% in 5 days). The TED Spread [...]
Gary Smith’s Market Take
Here’s my take on the markets today, March 11th, 2013. If you’d like to read more of my articles, click here. Credit gauges are mostly deteriorating today. The France sovereign cds is down -4.4% to 73.0 bps and the Japan sovereign cds is down -1.5% to 56.6 bps. However, the 3M EUR/USD Cross-Currency Basis Swap [...]
Gary Smith’s Market Take

Here’s my take on the markets today, February 11th, 2012. 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 rising +2.4% to -17.9 bps. However, the 2Y Swap Spread is gaining +.9% to 15.9 bps. The TED Spread is up [...]
Gary Smith’s Market Take

Here’s my take on the markets today, January 28th, 2012. 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 falling -7.2% to -13.6 bps. The 2Y Swap Spread is gaining +1.6% to 16.6 bps(+13.0% in 5 days). The TED Spread [...]
Gary Smith’s Market Take
Gary Smith’s Market Take

Here’s my take on the markets today, January 16th, 2012. If you’d like to read more of my articles, click here. Credit gauges are mostly deteriorating today. The France sovereign cds is falling -1.0% to 86.6 bps and the Italian/German 10Y Yld Spread is down -2.3% to 264.68 bps. However, the 3M EUR/USD Cross-Currency Basis [...]





