Evening Reading -December 8, 2010

FT.com Alphaville: Rub-a-dub-dub in a $21bn treasuries tub

Investors sloshed and splashed in a $21bn bloodbath on Wednesday.

An auction of $21bn worth of Treasuries at 3.34 per cent was the highest bid since May, and well past the 2.64 per cent yield at last month’s auction.

FT.com Alphaville: Looking ahead, looking down

Talk about kicking US Treasuries when they’re down.

FT.com Alphaville: Paper Tiger, Hidden Trichet

For the central bank, the timing of the latest flare-up was, in a way, convenient. Bond trading typically tapers off at the end of the year as fund managers close out their positions. So trading was thin and the bank was able to move the market with relatively small sums, traders said…

FT.com BeyondBRICs: Vale: now trading round the clock

Vale sells an awful lot of iron ore in China, so why not sell its stocks there, too? As of Wednesday morning, it does. The world’s second biggest mining group by market cap and the biggest producer of iron ore listed its shares on the Hong Kong Stock Exchange in the form of Hong Kong Depositary Receipts (HDRs).

Calculated Risk: CoStar: Commercial Real Estate prices declined in October

This is a new repeat sales index for commercial real estate. Previously I’ve only been using the Moodys/REAL Commercial Property Price Index (CPPI) for commercial real estate.

The Big Picture: Google Books Error

Speaking of giant mistakes…

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