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Jan 4, 2010

Forbes . com : Fisher Newsletter

A Grateful Dead Year
12.31.2009, 22:40:00 EST
Ken Fisher

2009 was a textbook case of how stock markets are supposed to react to big bear markets and recessions.

The Old Normal
12.04.2009, 18:00:00 EST
Ken Fisher

A decade ahead of lackluster earnings and economic growth? Don't believe that rubbish.

The Old Normal
11.29.2009, 18:00:00 EST
Ken Fisher

A decade ahead of lackluster earnings and economic growth? Don't believe that rubbish.

Viva The V
10.15.2009, 23:20:00 EDT
Ken Fisher

If history repeats, the current V recovery is far from over. Expect another 20%-to-25% gain by January.

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CNBC : News Now

Next Up on Cable Television: Higher Bills for Consumers
Broadcasters want a share of the cable and satellite revenue that roughly 100 million American households pay each month. The battle between broadcast and cable will only get more intense, the New York Times reports...
»read more

US Financial Crisis Far From Over, Economists Say
America's financial crisis is nowhere near over, according to top economists who largely contradicted the growing chorus of Wall Street bankers and government officials who say the worst has passed...
»read more

Are Investors Getting Too Optimistic About Stocks?
Wall Street's first test of the new year and decade could well be whether investors are following each other over a cliff...
»read more

CNBC 360
Welcome To Macintosh - Tonight 9:30p ET
CNBC’s "Welcome to Macintosh" looks back at the inventors, engineering and design that came together to produce the world renowned Mac computers. How much do you know about Macintosh? »Take the quiz now

»CNBC Originals Tech Week Schedule

Part of CNBC Originals Tech Week, sponsored by the CNBC Real-Time App

US Based Programming Above
For CNBC Europe click here | CNBC Asia Pacific TV click here

1. B of A's Moynihan Talks Banking, Economy 
Bank of America CEO Brian Moynihan discusses his new role in the company and where he thinks the economy is headed, with CNBC's Mary Thompson

2. Bove on Bank Leadership  
Richard Bove, of Rochdale Securities, discusses whether Bank of America and Morgan Stanley made the right CEO choices

3. Levin's Mea Culpa  
Notorious deal maker Gerald Levin took responsibility for perhaps the worst merger in corporate history: the Time Warner/AOL deal. Jeffrey Sonnenfeld, a professor at Yale School of Management, and Phillip Swagel, a professor at Georgetown, share their insight.

4. Weight Watchers & American Obesity  
Fighting America's obesity epidemic, with David Kirchhoff, Weight Watchers president & CEO.

5. Stop Trading, Listen to Cramer! 
Mad Money host Jim Cramer shares his stock picks with CNBC's Erin Burnett.

Daily Treasury Yield Curve Rates

Daily Treasury Yield Curve Rates

Icon: Envelope  Get e-mail updates when this information changes.

Icon: XML Document  This data is also available in XML format by clicking on the XML icon

January 2010
1 mo
3 mo
6 mo
1 yr
2 yr
3 yr
5 yr
7 yr
10 yr
20 yr
30 yr
* 30-year Treasury constant maturity series was discontinued on February 18, 2002 and reintroduced on February 9, 2006. From February 18, 2002 to February 8, 2006, Treasury published alternatives to a 30-year rate. See Long-Term Average Rate for more information.
Treasury discontinued the 20-year constant maturity series at the end of calendar year 1986 and reinstated that series on October 1, 1993. As a result, there are no 20-year rates available for the time period January 1, 1987 through September 30, 1993.
Treasury Yield Curve Rates. These rates are commonly referred to as "Constant Maturity Treasury" rates, or CMTs. Yields are interpolated by the Treasury from the daily yield curve. This curve, which relates the yield on a security to its time to maturity is based on the closing market bid yields on actively traded Treasury securities in the over-the-counter market. These market yields are calculated from composites of quotations obtained by the Federal Reserve Bank of New York. The yield values are read from the yield curve at fixed maturities, currently 1, 3 and 6 months and 1, 2, 3, 5, 7, 10, 20, and 30 years. This method provides a yield for a 10 year maturity, for example, even if no outstanding security has exactly 10 years remaining to maturity.
Treasury Yield Curve Methodology. The Treasury yield curve is estimated daily using a cubic spline model. Inputs to the model are primarily bid-side yields for on-the-run Treasury securities. See our Treasury Yield Curve Methodology page for details.
Negative Yields and Nominal Constant Maturity Treasury Series Rates (CMTs). Current financial market conditions, in conjunction with extraordinary low levels of interest rates, have resulted in negative yields for some Treasury securities trading in the secondary market. Negative yields for Treasury securities most often reflect highly technical factors in Treasury markets related to the cash and repurchase agreement markets, and are at times unrelated to the time value of money.
As such, Treasury will restrict the use of negative input yields for securities used in deriving interest rates for the Treasury nominal Constant Maturity Treasury series (CMTs). Any CMT input points with negative yields will be reset to zero percent prior to use as inputs in the CMT derivation. This decision is consistent with Treasury not accepting negative yields in Treasury nominal security auctions.
In addition, given that CMTs are used in many statutorily and regulatory determined loan and credit programs as well as for setting interest rates on non-marketable government securities, establishing a floor of zero more accurately reflects borrowing costs related to various programs.
For more information regarding these statistics contact the Office of Debt Management by email at
For other Public Debt information contact (202) 504-3550.
Icon: XSL DocumentThis document was generated from the XML data using the XSL transformation. Click on the XSL icon to view the XSL file.

What?s New at theCFTC

What's New at the CFTC

Get the Latest Information on...

Registration of Intermediaries
Commitments of Traders: The Commitments of Traders (COT) reports provide a breakdown of each Tuesday’s open interest for market reports in which 20 or more traders hold positions equal to or above the reporting levels established by the CFTC.
Industry Filings: The Industry Filings search tool provides access to information about, and filings by, both U.S. and foreign trading facilities and clearing organizations.
Federal Register Releases: CFTC Federal Register releases, available in html and pdf formats, may be searched by year, type of release, or subject.
Public Comments: Proposed rules and industry filings open for comments, and instructions on how to file public comments.
Case Status Reports: The CFTC provides Case Status Reports to inform the public of the current status of ongoing legal cases brought against defendants accused of committing futures trading violations.
Fraud Awareness & Prevention: Before you trade in commodities or futures, know the kinds and signs of fraud and the basics of futures trading.

NFA Notification: NFA Permantly bars Commodity trading advisor Parman Financial and its principal...

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For Immediate Release For More Information Contact:
Larry Dyekman (312) 781-1372,
Karen Wuertz (312) 781-1335,

NFA permanently bars California commodity trading advisor Parman Financial and its principal
January 4, Chicago - National Futures Association's (NFA) has permanently barred Parman Financial (Parman) and its principal, Lyndon L. Parrilla, from NFA membership. Parman is a Commodity Trading Advisor located in Woodland Hills, California. The Decision, issued by an NFA Hearing Panel, is based on an NFA Complaint filed in June 2009.
The Panel found that Parman and Parrilla failed to cooperate with NFA during its examination of the firm. While Parrilla submitted a written response in regards to NFA's request for documents, Parman and Parrilla failed to submit all of the requested documents and information needed for NFA to conduct its audit of the firm. Parman and Parilla may appeal the Panel's Decision to NFA's Appeals Committee.
The complete text of the Complaint and Decision can be found on NFA's website (
NFA is the premier independent provider of innovative and efficient regulatory programs that safeguard the integrity of the futures markets.