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Start the Day

Nervy investors continue piling into Treasuries

Mon, Sep 14 2009, 07:24 GMT
by Nicole Elliott

Mizuho Corporate Bank  |  View company's profile


Vote:

7

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Quote:

‘That best portion of a good man’s life;

His little, nameless, unremembered acts

Of kindness and love.’ William Wordsworth (1770-1850)


The News:

A worldwide BBC Survey of 22,000 has a majority approving government stimulus packages to ease the financial crisis but most feel these have been disappointing.


The Numbers:

British Summer Time, with expectations and previous figures in brackets.

05:00 JP August Tokyo Condominium Sales –6.2% versus –9.1% July.

08:15 CH August PPI (versus 0% M/M and –6.1% Y/Y July).

10:00 EZ16 July Industrial Production (-0.9% to 0% M/M, -17.2% to –15.8% Y/Y, versus –0.6% and –17.0% June).

13:30 CA Q2 Capacity Utilisation (64.0% to 66.5% versus 69.3% Q1).

13:35 US Fed’s Duke speaks on accounting issues, Washington.

17:30 US Fed’s Lacker speaks on financial regulation, Charlotte.

20:50 US Fed’s Yellen speaks on the economic outlook, San Francisco.

00:01 GB August RICS House Price Balance (-6.0% to +10.0% versus –8.1% July).


The Psychology:

Parliamentary elections in Norway today.


The Risk:

Nervy investors continue piling into Treasuries.


Today’s most interesting chart: Euribor future Dec09

Three-month Libor is a lot less than 1.00%.

Start The Day



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