|
CRISIS DASHBOARD |
|
Figures are calculated
according to the latest stock data available at approximately 4:30 pm
ET |
|
July 14, 2009 |
|
Benchmark |
Spread |
Change from previous day |
1 week ago |
1 month ago |
1 year ago |
|
LIBOR 1-MONTH |
0.29 |
-0.001 |
0.30 |
0.32 |
2.46 |
|
LIBOR 3-MONTH |
0.51 |
+0.004 |
0.55 |
0.62 |
2.79 |
|
TED |
0.33 |
+0.004 |
0.34 |
0.45 |
0.99 |
|
Exchange |
Average |
Change from previous day |
1 week ago |
1 month ago |
1 year ago |
|
VIX |
25.11 |
-1.20
(-4.56%) |
30.85 |
30.81 |
|
|
DOW |
8359.49 |
+27.81
(+0.33%) |
8,163.60 |
8,612.13 |
11,055.19 |
|
T-bond |
Current Price/Yield |
Price/Yield change |
|
3-Year |
100-03+ / 1.46 |
-0-04+ / .048
|
|
5-Year |
101-11 / 2.34 |
-0-12 / .080 |
|
10-Year |
97-09+ / 3.45 |
|
|
|
The Dow was slightly up Tuesday afternoon, rebounding from the morning. A number of factors contributed to the bounce-back:
- Producer
prices rose 1.8% on the strength of autos and energy sales, while retail sales were up 0.6%.
- An economic report showed a 1% drop in business inventories.
- Goldman Sachs Group Inc. (NMYSE:GS) a
nnounced second-quarter earnings.
- The U.S.
budget deficit topped $1
trillion for the first nine months of the fiscal year.
- Shares of CIT Group Inc. (NYSE:CIT) rose upon news that the lender is ramping up its discussions with regulators.
Meanwhile the credit crunch continues to have a strong effect on debt markets two years after the implosion of subprime lending set it off. In spite of LIBOR rates and the Ted Spread both being at lows not seen in years, corporations and consumers are still having a tough time borrowing or refinancing the mountains of debt both groups took on before July 2007.
Treasury yields fell again as investors worry that the recession isn't ending anytime soon and seek safety. The Treasury Department is taking a two-week break on auctions of T-bills, having sold U.S. debt at a blistering pace this year, according to
Reuters.
Although interbank lending rates are
still below
where they were even a month ago, there remains a lack of confidence among banks in lending to each other.
Additionally, government bailouts have increasingly made LIBOR less useful a measure of the health of credit markets, according to Ze
ro Hedge.
The VIX has been continuing to bob between a low of 25 and a high of
32 over the past two weeks. The VIX holding above 40 indicates a bottom
hasn't
hit yet, as the VIX in the range of 25 to 30 signals a recovering economy. In May 2008 the VIX was below 20, and typically volatility rises in July and August so the dip in VIX is temporary, according to Marketbeat. - Maria Woehr and George White
Troubled Wall Street
Prices at approximately 4:30 pm ET |
| Name |
Price at
open |
Price
at 4:30 pm |
Change |
Market cap |
| J.P. Morgan Chase & Co. |
34.53 |
34.70 |
-0.01 |
130442.87 |
| Goldman Sachs Group Inc. |
148.98 |
149.66 |
+0.22 |
75341.98 |
| Morgan Stanley |
27.97 |
27.88 |
-0.03 |
30161.76 |
| Citigroup Inc. |
2.90 |
2.92 |
+0.14 |
16097.52 |
| Fannie Mae |
0.59 |
0.60 |
+0.02 |
664.67 |
| Freddie Mac |
0.63 |
0.63 |
+0.02 |
408.38 |
| Bank of America Corp. |
13.21 |
12.91 |
-0.08 |
82662.30 |
| Wells Fargo & Co. |
24.72 |
24.40 |
-0.40 |
104038.19 |
| American International Group Inc. |
15.65 |
14.32 |
-0.25 |
1927.38 |
| Fifth Third Bancorp |
7.16 |
7.06 |
-0.10 |
4073.17 |
| Capital One Financial Corp. |
21.90 |
23.11 |
+1.25 |
9148.23 |
| SunTrust Banks Inc. |
16.27 |
15.98 |
-0.26 |
5701.73 |
| U.S. Bancorp |
17.68 |
17.42 |
-0.27 |
30637.64 |
| Regions Financial Corp. |
4.06 |
4.09 |
+0.02 |
2842.67 |
| KeyCorp |
5.39 |
5.20 |
-0.18 |
2612.89 |
| PNC Financial Services |
37.80 |
36.70 |
-1.24 |
16341.73 |
| BB&T Corp. |
21.72 |
21.65 |
-0.21 |
12136.19 |
| Bank of New York Mellon Corp. |
28.88 |
28.76 |
+0.23 |
33173.21 |
| State Street Corp. |
45.97 |
46.15 |
-0.38 |
20064.73 |
|
Source: The
Deal |
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