11/20 Misc.
Ten-year note yields climbed eight basis points, or 0.08 percentage point, to 2.87 percent yesterday. The price of the 2.625 percent security maturing in November 2020 fell 23/32, or $7.19 per $1,000 face amount, to 97 27/32. The yield climbed to 2.96 percent on Nov. 16, the highest in three months. http://www.businessweek.com/news/2010-11-20/treasury-10-year-notes-fall-as-investors-back-fed-s-inflation.html
Chu suggests Gurley should have included China in the conversation. There’ve been 122 IPOs in the U.S. this year, and 25 have been China-based companies listing in the U.S. – a huge percentage. http://www.pehub.com/88843/will-china-play-nice-with-us-exchanges/
results show a strong correlation between weekly share transaction volumes of the S&P 500 companies and the weekly volumes of Google searches for their corporate names. More searches mean more share trading… As Google activity about a company increased, shares were just as likely to fall as to rise. http://www.ft.com/cms/s/2/9aea26be-f1ea-11df-84ef-00144feab49a.html#ixzz15nvi28H7
Dealogic data shows that the number of technology deals — more than 5,100 so far this year — is at its highest point since the year 2000. the average technology deal this year is $46 million, not much more than the average of $40 million in 2000. http://dealbook.nytimes.com/2010/11/19/as-tech-deals-boom-talk-turns-to-bubbles/
In 2008 the advertising on Google’s search engine was responsible for 98 percent of the company’s $22 billion in revenue, and while Google refuses to provide more recent percentages, the company’s 2009 revenue of $23.6 billion suggests that little has changed. http://www.nybooks.com/articles/archives/2010/dec/09/google-and-money/
Foreclosures on prime fixed-rate mortgages in the U.S. jumped to a record in the third quarter as unemployment strained household budgets of the most creditworthy borrowers. The inventory of homes in foreclosure financed by prime fixed-rate loans rose to 2.45 percent from 2.36 percent in the previous three months http://www.bloomberg.com/news/2010-11-18/prime-u-s-mortgage-foreclosures-rise-to-record-on-unemployment-pressure.html
as investors turn their focus to the next-weakest peripheral nation…the markets indicate that country is Portugal with 10-year bond yields of 6.88 percent, compared with 8.26 percent in Ireland and 11.62 percent in Greece http://www.bloomberg.com/news/2010-11-18/irish-bailout-may-unleash-bond-vigilantes-on-portugal-market-euro-credit.html
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