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ted spread: Headline: Federal Reserve Cuts Rates 50 basis points and more - 10/30/08 05:42 AM
Read the entire story at The Political and Financial Markets Commentator at http://politicsandfinance.blogspot.com
Thursday, October 30, 2008
Headline: Federal Reserve Cuts Rates 50 basis points and more  
The Two Day Fed Meeting Ends With A Cut Of 50bp.The Fed lowered its' overnight lending rate to 1.00% and the discount rate to 1.25%. Along with this was the statement that downside risk to the economy remains that would seem to leave open the window for further rate cuts. We are chasing Japan which is rumored to be lowering its' key rate to .25%.This move is somewhat symbolic in nature since actual … (0 comments)

ted spread: And The Scapegoats Are? - 10/21/08 07:49 PM
And The Scapegoats Are? Today's Market ActionBefore we get into the discussion of who is going to be the fall guy(s) and gal(s) for the debacle that we now refer to as the Financial Crisis of 2008, let's take a quick look at the continued improvement in the indicators of credit market liquidity.The Ted SpreadThe LIBOR rate continues to show improvement by dropping to the lowest level we have seen in weeks at 3.8%. The 3-month bill is at a level of approximately 1.06%, bringing the spread to the neighborhood of 2.7%, still extremely wide but well below the close to … (4 comments)

ted spread: The Financial Crisis Welcomes The World! - 10/09/08 05:41 AM
Another Day, Another Move To Save The Financial SystemToday we got the news that many in the markets have been waiting for. They have been waiting for what seems to be a very long time. That was the coordinated global rate cut by the central banks of the US, Canada, EU, England as well as a few other countries. EU rates have been to high and still remain that way even post cut.As I discussed yesterday morning, we had an immediate strong move up in the stock futures, a quick and severe fade and several other moves all before the market … (8 comments)

ted spread: Hallelujah: Coordinated Global Rate Cut - 10/08/08 06:36 AM
Hallelujah: Coordinated Global Rate Cut Coordinated Rate Cut Move By The Central BankersAs I said as my closing line to my blog yesterday, if only we could get the EU to cooperate with the global financial crisis that we are going through. This morning as I write this (7:00 AM EST), the U.S., Canada, Britain and the EU cut rates 50 bp in a coordinated move to loosen the flow of credit around the world.This came on the heels of close to double digit drops in the stock markets in Asia (10%+ in some and close to 20% in some of … (2 comments)

ted spread: The Fed Gets Involved: Commercial Paper - 10/07/08 02:24 PM
The Commercial Mortgage and Political Hotline The Fed Gets Involved: Commercial Paper The Commercial Paper MarketThe Fed came in this morning and said that they would create a facility which would buy short-term, high quality and unsecured highly rated debt in a step which will hopefully grease some of the wheels in this critically important market that has has been stagnant.Liquidity and Volatility IndicatorsAs an indication of the fact that the market s like this move, the TED Spread has narrowed to as low as 3.29 and is now at 3.46. Still high, but an improvement in this indicator of credit … (0 comments)

ted spread: Fannie Mae: Plain Vanilla or Chocolate Sundae? - 10/06/08 06:11 AM
Monday, October 6, 2008
Fannie Mae: Plain Vanilla or Chocolate Sundae? Market Update: Things are not looking great post Bill passage. I have a funny feeling in the pit of my stomach.VIX: Not yet open. Closed Friday at 45.14, and speculate we will see 50+ today.The Ted Spread: 3.89 this morning, up from Friday (higher is not better)Overseas stock markets are down fairly large, and S&P futures are down large."In A System Designed For Plain Vailla, Like Trying To Push A Chocolate Sundae Through Its' Gears"
To see the rest of the story, please go to http://commercialmortgagehotline.blogspot.com .
… (4 comments)

 

Michael Haltman

Jericho, NY

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The Hallmark Abstract Sentinel is written for the purpose of keeping our clients and subscribers current on any issues that may have the potential to impact the real estate, mortgage or title insurance markets. Examples of these issues include the current foreclosure crisis and the potential that foreclosures already completed could be overturned due to a variety of legal issues.


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