05
Apr
10

A veces solo es Eco 101..

Hace unos dias, FT Alphaville posteo una noticia para explicar porque  el US-7 years swap spread estaba en territorio negativo (Eso quiere decir que la yield del bono norteamericano es superior a la swap rate, que proviene de los pagos “flotantes” basados en tasas interés que contienen riesgo credicticio (ejemplo LIBOR))

Me quedo con la explicación “a la Ockham

In a sense, therefore, the negativity suggests Treasury yields are no longer a reflection of the true cost of risk-free borrowing. But while that might be connected to genuine market concerns over the credit quality of the issuer, it could also be related to good old fashioned supply and demand fundamentals.

(…) We thought and continue to think that swap spreads are mostly a function of the relative supply (and demand) for Government bonds. (…)


0 Responses to “A veces solo es Eco 101..”



  1. Leave a Comment

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


Fun & Finance

Vimeo

Fun & Finance Rollover

Contacto

informes@qfclub.com.ar
"It is hard to be finite upon an infinite subject, and all subjects are infinite." Herman Melville

Powered by

April 2010
M T W T F S S
« Mar   May »
 1234
567891011
12131415161718
19202122232425
2627282930  

Categorias

Archivo

Ingrese su dirección de email para suscribirse a este blog y recibir las notificaciones de nuevos posts via email

Join 35 other followers

Web Analytics Clicky

%d bloggers like this: