Howard Simons

Commercial Paper Market Falls to Least in Six Months, Fed Says

The market for corporate borrowing through commercial paper contracted to the lowest level in almost six months, led by a decline in issuance from financial institutions.

Commercial Paper Market Contracts for Second Week, Fed Says

The market for corporate borrowing through commercial paper contracted for a second week, led by a decline in issuance by U.S. financial institutions.

Swap Spreads Widen on Bets Fed Will Spur Inflation, Bianco's Simons Says

The Federal Reserve’s decision to buy $600 billion more in Treasuries through June has helped boost demand to exchange floating-rate obligations for fixed- rates, leading to a widening of swap spreads on concern inflation will accelerate, according to Bianco Research LLC.

U.S. Commercial Paper Market Declines for Third Week, Fed Says

The market for corporate borrowing through short-term IOUs contracted for a third week, led by a fall in issuance from nonfinancial companies as firms chose to issue corporate bonds at almost the lowest borrowing costs.

Commercial Paper Snaps Longest Decline in a Decade, Fed Says

The market for U.S. commercial paper snapped the longest losing stretch in at least a decade as investors wagered European leaders would curb the debt crisis and bought short-term IOUs from foreign financial institutions, Federal Reserve data showed today.

All Bonds Rally First Time Since 2008 With Portugal Up

From the U.S. to Germany and even Japan, where the bond market is twice the size of the economy, investors can’t get enough government securities even though rising debt loads are blamed for curbing global growth.

Commercial Paper Market Contracts Most in Two Years, Fed Says

The market for corporate borrowing through commercial paper contracted by the most in more than two years as U.S. money-market funds reduce purchases of the short- term IOUs.

Commercial Paper Falls for First Time in Six Weeks, Fed Says

The market for corporate borrowing through U.S. commercial paper contracted for the first time in six weeks, led by a decline in issuance from financial institutions, as Europe’s sovereign-debt crisis intensified.

Commercial Paper Market Expands for 11th Straight Week, Fed Says

The market for corporate borrowing through commercial paper expanded for an 11th straight week to the highest level since August 2011, stoked by rising demand from U.S. money-market funds.

Commercial Paper Market Rises to Most This Year, Fed Says

The market for corporate borrowing via commercial paper increased to more than $1 trillion outstanding for the first time this year, as investors bought financial institutions’ short-term IOUs even as concern mounts that Europe’s fiscal and currency turmoil may spread.

"The two factors here have been constant for most of 2013, the decline in money-market mutual fund balances combined with the terming out of short-term debt into the bond market."

- Howard Simons on May 09, 2013

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Jobless Claims in U.S. Unexpectedly Fall to Five-Year Low

Heart Patient Risk From iPad2 Found by 14-Year-Old

Yen Slides to 100 Per Dollar as S&P 500 Drops From Record

U.S. Stocks Fall as Investors Weigh Plosser Comments

Yen Weakens Past 100 Per Dollar for First Time in Four Years