IndexUniverse submits: By Jim Wiandt Year-to-date, Matt Hougan's 15 (actually 13.65) basis point portfolio is hanging tough, while Bobo is drinking heavily. by Index Universe
John Jansen submits: Prices of Treasury coupon securities are, on balance, registering modest losses in overseas trading. The losses in contrast to the very sharp gains yesterday are rather subdued and yields remain bear cycle lows. The yield on the benchmark 2 year note has climbed 2 basis points...
Myths are a powerful political force inside the Washington Beltway, particularly on banking issues. One myth driving the deposit insurance "reform" legislation that Congress is now considering: Premiums charged by a deposit insurance fund will skyrocket, to an average of 23 basis points, if the fund drops even a basis...
John Jansen submits: Prices of Treasury coupon securities registered mixed results today. I will begin with the Long bond because its yield declined about a basis point. If you recall our many discussions yesterday, the dealer community took 58 percent of the issue and indirect bidders took 42 percent....
John Jansen submits: Prices of Treasury coupon securities, on balance, have registered minimal losses in a lackadaisical overnight session with little in the way of high profile news. The yield on the benchmark 2 year note edged higher by a basis point to 2.33 percent. The yield on the...
The Federal Reserve last week shocked the markets with an underwhelming 25-basis-point Fed funds rate cut and, more importantly, a 25-basis-point discount rate cut. The markets immediately plummeted, closing down 294 points on the day, shocked because of the seemingly cavalier approach to the problems in the credit markets that...
John Jansen submits: Prices of Treasury coupon securities registered small mixed changes in overseas trading ahead of the shortened trading day which will lead into the Labor Day holiday weekend. The yield on the 2 year note has climbed one basis point to 2.37 percent. The yield on the...
Question-and-Answer SessionThank you. [Operator Instructions]. And our first question is from Rick Wise with Bear Stearns. Please go ahead. Frederick A. Wise - Bear Stearns Good morning, John. Hi there. Can you give us a little color on the gross margin of resin and the outlook for the rest...
Question-and-Answer SessionThank you. [Operator Instructions]. And our first question is from Rick Wise with Bear Stearns. Please go ahead. Frederick A. Wise - Bear Stearns Good morning, John. Hi there. Can you give us a little color on the gross margin of resin and the outlook for the rest...
John Jansen submits: Prices of Treasury coupon securities are posting modest gains today but have done so in the face of a supply onslaught from Hank Paulson and his minions. The uptick in prices also comes in the face of a stronger than expected durable goods report this morning.The...
Article explains the clients’ mindset. Since the term "basis" may not be on the tip of the client's tongue, one may find himself counseling clients regularly about the planning opportunities available to investors who are interested in the concept of basis and willing to use it to their advantage. In...
John Jansen submits: Prices of Treasury coupon securities registered mixed results in overseas trading, with shorter maturities gaining in prices as securities with maturities of 10 years and longer languished. The economic backdrop remains soft, with concerns regarding economic growth and consumption rising. The yield on the 2 year...
John Jansen submits: Prices of treasury coupon securities plummeted today in light trading. Many people with whom I speak are on vacation and I think that is a universal theme. So trading is relatively thin and illiquid.I would also note that for the second consecutive Monday traffic at this...
BOSTON and NEW YORK -- Basis Point Group, LLC (www.basispointgroup.com), the leading investment operations performance consultants, announce the introduction of their structured Operational Performance Evaluation and Risk Assessment OPERA methodology. The methodology offers a comprehensive, quantitative approach to drive operational improvements and extend the company's benchmarking framework for investment organizations.
The paper reveals that when the economy and the stock market were flying high, reducing 401k plan costs ranked low on the corporate agenda. After all, plan assets were racking up double-digit returns, employees eagerly contributed to their 401k accounts and companies had plenty of cash to match those contributions....
SOUTH PORTLAND, Maine -- Fairchild Semiconductor (NYSE: FCS), the leading global supplier of power semiconductors, announced today that it has completed the refinancing of its senior credit facility. The new $475 million facility includes a $375 million term B loan and a $100 million revolving line of credit and carries...
Question-and-Answer Session Operator (Operator’s instructions) Our first question comes from Jared Shaw - KBW. Jared Shaw - KBW I do have a few questions for you. I guess first, just following up on what you just said with the expenses. When you say ?expenses to be...
Managing an index fund is a basis-point game. Unlike active equity managers, who hope their fund’s performance will consistently rank high relative to their benchmark and peers, index fund managers are usually indifferent about the absolute performance of the index itself. That is not to imply that index fund managers...
The target rate for federal funds was lowered by 50 basis points, to 1.25%, by the Federal Open Market Committee FOMC Nov. 6. In a related action, the Federal Reserve Board approved a 50-basis-point reduction in the discount rate to 3/4%. The target rate for federal funds was lowered by...
Question-and-Answer SessionOperator Operator Instructions Our first question comes from the line Matthew Borsch with Goldman Sachs. Please go ahead. Matthew Borsch - Goldman Sachs Yes, thank you. My first question is the follow-up, which is, your view on commercial medical cost trend. Can you just give us what it...
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