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Index Data Monthly Report: U.S. Edition-Dow Jones
April 5, 2010--Index Data Monthly Report: U.S. Edition-Dow Jones is now available.
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Source: Dow Jones Indexes
February Credit Defaults: For Now, A Sigh Of Relief
April 5, 2010--February had the lowest monthly corporate default volume in some time. Only four companies failed to make good on their debt obligations, with a total default volume of $1.4 billion.
The 12-month trailing speculative grade default rate retreated to 8.65% from 9.24% in January. Standard & Poor’s believes that could indicate that the wave of defaults that affected corporate America in the past two years has begun to ease, aided by what we view as a slowly improving economy and healthier capital markets.
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Source: Standard & Poors
CME Group Volume Averaged 11.0 Million Contracts Per Day in March 2010, Up 2 Percent, and 11.5 Million Contracts Per Day in First-Quarter 2010, Up 12 Percent
April 5, 2010--- Record first-quarter foreign exchange volume averaged 887,000 contracts, up 75 percent
- Record first-quarter foreign exchange notional value traded averaged $115 billion, up 83 percent
- Record first-quarter metals volume averaged 327,000 contracts, up 52 percent
- Monthly and quarterly volumes in interest rates, foreign exchange, commodities and alternative investments, and metals grew by double digits
CME Group, the world's leading and most diverse derivatives marketplace, today announced that March volume averaged 11.0 million contracts per day, up 2 percent from March 2009. Total volume was 253 million contracts for March, of which 83 percent was traded electronically. Electronic volume averaged 9.1 million contracts per day, up 4 percent from the prior March. Average daily volume cleared through CME ClearPort was 446,000 contracts for March 2010, down 23 percent compared with March 2009.
The rolling three-month ClearPort rate per contract through February was up 36 percent, even though the rolling three-month ClearPort average daily volume was down 26 percent in the same period due to a product mix shift and the wide variance in rate per contract for individual CME ClearPort products.
In March 2010, CME Group interest rate volume averaged 5.0 million contracts per day, up 30 percent compared with the prior March. Eurodollar futures volume averaged 2.1 million contracts per day, up 29 percent versus March 2009, while Eurodollar options volume averaged 713,000 contracts per day, up 30 percent. Treasury futures volume averaged 1.8 million contracts per day, up 36 percent compared with the same period in 2009, and Treasury options volume averaged 246,000 contracts per day, down 8 percent.
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Source: CME Group
Nasdaq Wins Largest Share of Options for First Time
April 2, 2010-- Nasdaq OMX Group Inc. for the first time grabbed the largest share of options volume on stocks and exchange-traded funds last month, according to the Options Clearing Corp. in Chicago.
The two exchanges operated by New York-based Nasdaq OMX accounted for 27.6 percent of equity options as new pricing on one of the markets drew almost 7 percentage points of trading volume. The company leapt three spots to top NYSE Euronext, the Chicago Board Options Exchange and the International Securities Exchange.
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Source: Bloomberg
Global X files with the SEC-7 ETFs
April 2, 2010--Global X has filed a prospectus with the SEC for
Global X Brazil Consumer ETF
Global X Brazil Financials ETF
Global X Brazil Industrials ETF
Global X Brazil Materials ETF
Global X Brazil Utilities ETF
Global X Brazil Mid Cap ETF
Global X China Mid Cap ETF
No tickers or expense ratios are listed in this prospectus.
view filing
Source: SEC.gov
Treasury Releases New Report on Build America Bonds
Recovery Act Bonds Program Provides More Than $90 Billion Nationally to Date, Estimated to Save State and Local Governments More Than $12 Billion
April 2, 2010--he U.S. Department of the Treasury today released a new report showing that the Build America Bonds program has resulted in significant savings in borrowing costs for state and local governments. The report finds that Build America Bond issuers will save more than $12 billion in borrowing costs on bonds issued during the first year of the program as compared to issuing tax exempt debt. In addition, the Treasury Department today released its monthly comprehensive update on Build America Bonds issuances, showing more than $90 billion have been issued through March 31, 2010.
"Build America Bonds continue to save money for state and local governments and enjoy broad support in the market," said Alan B. Krueger, Assistant Secretary for Economic Policy at the Treasury Department. "Expanding and making this program permanent, as the President proposed in the Budget, will further improve the long-term functioning of the municipal bonds market and create a more efficient and effective municipal finance sector."
The Build America Bonds program, created by the American Recovery and Reinvestment Act, allows state and local governments to obtain much-needed financing at lower borrowing costs for new capital projects such as construction of schools and hospitals, development of transportation infrastructure, and water and sewer upgrades. Under the Build America Bonds program, the Treasury Department makes a direct payment to the state or local governmental issuer in an amount equal to 35 percent of the interest payment on the bonds.
view full list of issuances organized by state
Source: U.S. Department of the Treasury.
U.S. Department of the Treasury Economic Statistics - Monthly Data Update
April 2, 2010--The U.S. Department of the Treasury Economic Statistics - Monthly Data Update is now available.
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Source: U.S. Department of the Treasury
Russell files with the SEC-11 ETF Funds
April 2, 2010--Russell has filed a prospectus with the SEC for
Russell Global 1000 ETF
Russell Global 1000 Growth ETF
Russell Global 1000 Value ETF
Russell Global 2000 ETF
Russell Global 2000 Growth ETF
Russell Global 2000 Value ETF
Russell Global 3000 ETF
Russell Global 3000 Growth ETF
Russell Global 3000 Value ETF
Russell Developed ex US Large Cap ETF
Russell Emerging Markets Large Cap ETF
No ticker symbols or expense rations are listed in the prospectus.
view filing
Source: SEC.gov
U.S. International Reserve Position
April 2, 2010--The Treasury Department today released U.S. reserve assets data for the latest week. As indicated in this table, U.S. reserve assets totaled $127,505 million as of the end of that week, compared to $128,902 million as of the end of the prior week.
I. Official reserve assets and other foreign currency assets (approximate market value, in US millions)
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March 26, 2010 |
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A. Official reserve assets (in US millions unless otherwise specified) 1 |
Euro |
Yen |
Total |
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(1) Foreign currency reserves (in convertible foreign currencies) |
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127,505 |
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(a) Securities |
9,486 |
14,033 |
23,519 |
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of which: issuer headquartered in reporting country but located abroad |
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0 |
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(b) total currency and deposits with: |
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(i) other national central banks, BIS and IMF |
13,955 |
6,877 |
20,831 |
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ii) banks headquartered in the reporting country |
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0 |
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of which: located abroad |
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0 |
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(iii) banks headquartered outside the reporting country |
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0 |
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of which: located in the reporting country |
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0 |
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(2) IMF reserve position 2 |
11,400 |
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(3) SDRs 2 |
55,832 |
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(4) gold (including gold deposits and, if appropriate, gold swapped) 3 |
11,041 |
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--volume in millions of fine troy ounces |
261.499 |
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(5) other reserve assets (specify) |
4,882 |
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--financial derivatives |
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--loans to nonbank nonresidents |
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--other (foreign currency assets invested through reverse repurchase agreements) |
4,882 |
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B. Other foreign currency assets (specify) |
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--securities not included in official reserve assets |
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--deposits not included in official reserve assets |
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--loans not included in official reserve assets |
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--financial derivatives not included in official reserve assets |
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--gold not included in official reserve assets |
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--other |
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Source: U.S. Department of the Treasury.
Recharging debate, Obama expands offshore drilling
April 1, 2010--Shaking up years of energy policy and his own environmental backers, President Barack Obama threw open a huge swath of East Coast waters and other protected areas in Alaska and the Gulf of Mexico to drilling Wednesday, widening the politically explosive hunt for more homegrown oil and gas.
Obama’s move allows drilling from Delaware to central Florida, plus the northern waters of Alaska, and exploration could begin 50 miles off the coast of Virginia by 2012. He also wants Congress to lift a drilling ban in the oil-rich eastern Gulf of Mexico, 125 miles from Florida beaches. Even with a push for cleaner energy sources and efficient cars -- and with promises of protection for ecosystems and coastal tourism -- the nation still needs more oil, Obama said.
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Source: Todays Zaman