| Last | Change | Percent | |
| S&P Futures | 1442.5 | 7.0 | 0.49% |
| Eurostoxx Index | 2527.9 | 42.8 | 1.72% |
| Oil (WTI) | 91.98 | 0.1 | 0.14% |
| LIBOR | 0.325 | -0.006 | -1.67% |
| US Dollar Index (DXY) | 79.33 | -0.413 | -0.52% |
| 10 Year Govt Bond Yield | 1.71% | 0.04% | |
| RPX Composite Real Estate Index | 193.4 | -0.7 |
Markets are higher this morning after a slew of good earnings reports and a positive reading on German confidence. Vik Pandit has stepped down as CEO of Citigroup. The Consumer Price Index (which officially does not matter anymore) came in as expected. Bonds and MBS are down.
Yet another article complaining that mortgage rates aren't dropping enough in response to QE. At least this one mentions the increase in G-fees, though it implies that it is a minor reason.
One way of handling the TBTF issue that is being bandied about is to place a cap on bank balance sheets as a percent of GDP. Ohio Democrat Sherrod Brown introduced a bill to cap liabilities at 2% of GDP which went nowhere (JPM has liabilities of 8% of GDP). But now a Federal Reserve Governor has mentioned the idea as well. He doesn't mention a specific number though.
The first time homebuyer may be coming back.
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