Monthly Archives: April 2012

Spain Credit Ratings Lowered –

Standard & Poor’s lowered the credit rating of Spain to BBB+ from A.  The two notch downgrade is partially due to the risks associated with the government debt.  In addition, Standard & Poor’s discusses concerns relating to budget projections and the banking … Continue reading

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Gasoline Inventories Fall –

 Gasoline inventories fell 3.67 million barrels which exceeded analyst expectations.  Distillates also fell and were 2.91 million lower than the previous week.  The U.S. Department of Energy  also indicated that crude oil supplies increased by 3.86 million barrels. To read … Continue reading

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Treasury Prices Fall –

Federal Open Market Committee minutes indicated that a third round of quantitative easing may not happen in the near term.  The Fed minutes sent Treasury prices lower and yields higher.  Yields on the 10 year Treasury went to 2.28%. To read a related … Continue reading

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