Investment Grade Corporate Bond Issuance - BofA Data

	2008	2007	2006	2005
TOTAL $BN	747.8	960	879.1	688.6
%
FIG	56.2	69.7	76.3	81.1
GIG	23.3	16.7	10.2	8.1
TMT	7.2	5.4	7.0	4.4
Energy/Power	13.3	8.2	6.5	6.4
18m-3yr	24.7	31.2	42.3	46.3
4yr-7yr	25.8	23.5	25.7	21.6
8yr-12yr	28.8	27.5	20.7	18.2
12+-yr	20.7	17.8	11.3	13.9
Fixed	84.9	60.9	48.9	50.7
FRN	15.1	39.1	51.1	49.3
*2008 FIG numbers include $115bn of FDIC bonds.

Annotated History of the 10yr Treasury

This chart is from Jack Malvey at BarCap. Click for larger version.

30% of Home Sales are Distressed

While it appears that existing home sales are stabilizing, an increasing proportion of foreclosures is behind the numbers. From Glenn Boyd at BarCap :

Moody's Spec-Grade Defaults

Russia's Foreign Reserves Keep Dropping

Down $17.9bn last week and down $160bn since August. Graph shows Russia's interantional reserves in USD, crude and spot Rubles to USD.

Using ISM to predict NFP

This is Non-Farm Payrolls plotted vs. the ISM Manufacturing Report on Business Employment.