Search This Blog


Search Tool

Mar 29, 2011

Financial & Forex Info | Daily Treasury Long Term Rate Data

U.S. Department of the Treasury

Daily Treasury Long Term Rate Data

Tuesday Mar 29, 2011, 4:48 PM
Treasury Long-Term Average Rate and Extrapolation Factors. Beginning February 18, 2002, Treasury ceased publication of the 30-year constant maturity series. Instead, from February 19, 2002 through May 28, 2004, Treasury published a Long-Term Average Rate, "LT>25," (not to be confused with the Long-Term Composite Rate, definitions below). In addition, Treasury published daily linear extrapolation factors that could be added to the Long-Term Average Rate to allow interested parties to compute an estimated 30-year rate. On June 1, 2004, Treasury discontinued the "LT>25" average due to a dearth of eligible bonds. In place of the "LT>25" average, Treasury published the Treasury 20-year Constant Maturity rate on this page along with an extrapolation factor that was added to the 20-year Constant Maturity to obtain an estimate for a theoretical 30-year rate. On February 9, 2006, Treasury reintroduced the 30-year constant maturity and is no longer publishing the extrapolation factor.
The Long-Term Average Rate, "LT>25," was the arithmetic average of the bid yields on all outstanding fixed-coupon securities (i.e., excluding Inflation-Indexed securities) with 25 years or more remaining to maturity. This series first appeared on February 19, 2002, following discontinuation of the 30-year Treasury constant maturity series. Subsequently, the "LT>25" average was discontinued on June 1, 2004.
Linear Extrapolation Factors were determined by considering the slope of the yield curve at it's long end and extrapolating out to a theoretical 30-year point. To use the Extrapolation Factor to determine a 30-year proxy rate, add the factor to the 20-year Constant Maturity Rate. For example, if on a particular day the 20-year Constant Maturity was 5.40% and the Extrapolation Factor was 0.02%, then a 30-year theoretical rate would have been 5.40% + 0.02% = 5.42%. Publishing of the Linear Extrapolation Factors was discontinued on February 9, 2006 with the reintroduction of the 30-year Constant Maturity Rate.
The Long-Term Composite Rate is the unweighted average of bid yields on all outstanding fixed-coupon bonds neither due nor callable in less than 10 years.
For more information regarding these statistics contact the Office of Debt Management by email at

MarketWatch | Personal Finance Daily: Global crises affect your mortgage rate


Personal Finance Daily
MARCH 29, 2011

Tuesday's Personal Finance Stories

By MarketWatch

Don't miss these top stories:

How do the crises in Japan and the Middle East affect your mortgage rate? Today in her Home Economics column, Amy Hoak explains that the uncertainty surrounding global events such as these tends to spur investor flight to quality. As worried investors move more money into investments perceived as being safer, such as U.S. Treasury bonds and mortgage-backed securities, mortgage rates tend to drop. That's good news for people considering buying a home or refinancing: the average rate on the 30-year fixed-rate mortgage has stayed below 5% for many weeks.

Also in today's personal finance lineup, Sam Mamudi looks at the pro baseball teams that get the best value for the money they spend. In the past three seasons, the Florida Marlins, Tampa Bay Rays and Texas Rangers have managed to do that better than their rivals, he writes.

A special invitation: Investing Insights

MarketWatch will hold the next event in its new series of live panel discussions on Tuesday, April 5, in downtown San Francisco. The evening of cocktails and conversation, titled "Investing Insights: Global Investing in a Post-Crisis World," will be hosted by MarketWatch Editor-in-Chief David Callaway. Guest panelists are Marshall Berol, portfolio co-manager for the Encompass Fund; Michael Cuggino, president and portfolio manager of The Permanent Portfolio Funds; and Cody Willard, founder of, principal of CL Willard Capital and MarketWatch columnist and blogger. The event is free, but attendance is limited and by invitation only. If you live in the San Francisco Bay Area and would like to attend or want more information, send me an email.

Anne Stanley , Managing Editor, Personal Finance


Employees regain confidence to switch jobs

As the ranks of the unemployed slowly shrink, those with jobs are starting to feel wanderlust and, to some employers' dismay, are gearing up to change jobs, according to recent employment studies.
Read more: Employees gain confidence to switch jobs.

World events affect your mortgage rate

As world events dominated the news in recent weeks, mortgage rates enjoyed a reprieve from a climb that began late last year, keeping the 30-year fixed-rate mortgage down below 5% at the start of what is traditionally the home buying and selling season.
Read more: World events affect your mortgage rate.

Home prices slide, but the end may be in sight

Home prices are sliding but the end may be in sight, writes Irwin Kellner.
Read more: Home prices slide, but the end may be in sight.

Banks offer mortgage-servicing proposal

Five of the nation's largest banks have sent government officials a proposal that outlines a set of mortgage-servicing standards they would abide by as part of a settlement of abuses in the industry.
Read more: Banks offer mortgage-servicing proposal.


Home prices fall for sixth straight month

Prices rise in only one of 20 cities on a monthly basis: Washington, D.C.
Read more: Home prices fall for sixth straight month

Consumer confidence falls sharply in March

Rising gas and food prices are among consumers' biggest concerns.
Read more: Consumer confidence falls sharply in March

Consumer confidence a lagging indicator

You might be scratching your head at the market going up in the wake of this morning's report that consumer confidence in March suffered its biggest one-month drop in over a year.
Read more: Consumer confidence a lagging indicator.


Marlins, Rays, Rangers lead baseball's value pack

As the 2011 season gears up, MarketWatch research finds the two Florida teams and the Texas Rangers have been baseball's most efficient spenders over the past three seasons.
Read more: Rays, Rangers lead baseball's value pack.

Amazon beats Apple to the music cloud unveils a consumer music cloud service in an effort to make its digital content service more competitive with Apple Inc.'s iTunes, writes Therese Poletti.
Read more: Amazon beats Apple to the music cloud.

Ponzi scheme hits mystery hedge funds

Who are the three gullible hedge fund managers in New York and San Francisco who just dropped $15 million in an alleged Ponzi scheme out in Utah?
Read more: Ponzi scheme hits mystery hedge funds.

Gold market optimism at worrisome levels

As expected, gold quickly recovered from the $50 plunge it suffered over a two-day period immediately following the Japanese earthquake. Unfortunately, because of abnormally high levels of bullish sentiment, gold's near-term direction is more likely than not to be down rather than up.
Read more: Gold market optimism at worrisome levels.

Nasdaq needs a deal, but not the NYSE

The Nasdaq Stock Market is putting the final touches on what may be a unsolicited bid for the New York Stock Exchange. But it's the wrong target, the right one may surprise you.
Read more: Nasdaq needs a deal, but not the NYSE.

Financial & Forex Info | Reuters - Daily Investor Update

Wall Street ends higher in low volume
NEW YORK (Reuters) - Strength in energy lifted U.S. stocks on Tuesday as investors concentrated on adding to winning positions as the quarter winds down, but uncertainty kept trading volume light. | Full Article

Supreme Court questions big Wal-Mart sex-bias suit
March 29, 2011 03:00 PM ET
WASHINGTON (Reuters) - U.S. Supreme Court justices sharply questioned on Tuesday whether more than a million female employees can join together against Wal-Mart Stores Inc in the largest class-action sex-discrimination lawsuit in history. | Full Article
Consumer morale ebbs, home prices near 2009 lows
March 29, 2011 02:36 PM ET
WASHINGTON (Reuters) - U.S. consumers turned gloomy in March as rising energy prices ignited fears of inflation, which could dent consumption and economic growth. | Full Article
Ex-Galleon manager says he fed Rajaratnam tips
March 29, 2011 03:25 PM ET
NEW YORK (Reuters) - A former portfolio manager at Raj Rajaratnam's Galleon Group described pressure at the hedge fund to get "an edge" in trading and said he gave inside tips from a Morgan Stanley investment banker to his boss. | Full Article
GE moves deeper into energy with $3.2 billion deal
March 29, 2011 03:16 PM ET
BOSTON (Reuters) - General Electric Co reached a $3.2 billion cash deal to acquire a French maker of high-efficiency motors used in the oil and gas sector, pouring more money into its most profitable division. | Full Article
Obama vows U.S. forces won't get bogged down in Libya
March 29, 2011 12:32 PM ET
WASHINGTON (Reuters) - President Barack Obama told Americans on Monday that U.S. forces would not get bogged down trying to topple Muammar Gaddafi but stopped short of spelling out how the military campaign in Libya would end. | Full Article
Gaddafi troops reverse Libyan rebel advance
March 29, 2011 01:38 PM ET
TRIPOLI (Reuters) - Muammar Gaddafi's better armed and organized troops reversed the westward charge of rebels and world powers meeting in London piled pressure on the Libyan leader to end his 41-year rule. | Full Article
Syria mobilizes thousands for pro-Assad marches
March 29, 2011 02:44 PM ET
DAMASCUS (Reuters) - President Bashar al-Assad sought to deflect the greatest challenge to his 11-year rule by mobilizing tens of thousands of Syrians in mass rallies across the country on Tuesday in response to pro-democracy protests. | Full Article
France and U.S. to help Japan in nuclear crisis
March 29, 2011 03:30 PM ET
TOKYO (Reuters) - France and the United States are to help Japan in its battle to contain radiation from a crippled nuclear complex where plutonium finds have raised public alarm over the world's worst atomic crisis since Chernobyl in 1986. | Full Article
At least 53 dead as Iraqi forces end gunmen's siege
March 29, 2011 02:14 PM ET
BAGHDAD (Reuters) - At least 53 people were killed on Tuesday when gunmen took hostages at a provincial council headquarters in Saddam Hussein's hometown, precipitating a battle with security forces who swept in to end the siege. | Full Article
Greater brain risks from "real-world" ecstasy use
Evidence ties smoking to throat, stomach cancer
Too many old men get prostate cancer tests: study
J&J recalling more Tylenol from closed plant
Erin Brockovich pushes for disease cluster law

MarketWatch | Market Pulse: Valeant offers to buy Cephalon for $73 a share

By Sue Chang
SAN FRANCISCO (MarketWatch) -- Valeant Pharmaceuticals International Inc. /quotes/comstock/13*!vrx/quotes/nls/vrx (VRX 47.61, +3.22, +7.25%) late Tuesday went public with an offer to buy Cephalon Inc. /quotes/comstock/15*!ceph/quotes/nls/ceph (CEPH 66.00, +7.25, +12.34%) for $73 a share in cash for a total of about $5.7 billion, which was rebuffed. That values Cephalon at around 29% above its 30-day trading average, according to Valeant. The company also plans to replace Cephalon's current board with its own nominees. The proposed deal would be entirely debt financed, Valeant said. Shares of Cephalon soared 24% while Valeant rose 4.1% in after hours.

NYT: Afternoon Business News: U.S. Housing Prices Fell Again in January


U.S. Housing Prices Fell Again in January


A 1 percent decline left prices barely above the recession lows, indicating a still weak market.

S.&P. Downgrades Portugal and Greece Again

The decision piles further pressure on the countries as they seek to come to grips with a heavy debt load and a weak economy.

Justices Take Up Class-Action Issue in Wal-Mart Bias Suit


The issue is whether hundreds of thousands of female workers have enough in common to join together in a single suit.

Ex-Galleon Worker Tells of Gathering Tips on Intersil


Adam Smith, a government witness, testified that he developed a relationship with an Intersil executive and passed the information to Raj Rajaratnam, the head of the Galleon Group.

Japan Weighs Nationalizing Stricken Utility


Japanese lawmakers are considering a plan to temporarily acquire a majority stake in the company to help it shoulder the liabilities from the nuclear accident, a local newspaper reports.

Financial And Forex Info | The Australian Business Briefing: Go easy on directors: ASIC

Go easy on directors: ASIC
Go easy EXCLUSIVE Damon Kitney THE corporate regulator has called on the federal government to re-examine the law applying to directors' duties.
Wall St gains as anxiety hits bonds
Wall St UPDATED Jonathan Cheng US stocks surged 0.7 per cent, reclaiming nearly six weeks of losses, but Treasuries posted their longest losing streak since 1990.
CSN to keep Riversdale as a 'hedge'
Macarthur Coal Diana Kinch CSN says it intends to keep its investment in Riversdale Mining despite bids by Rio Tinto to raise its stake in the coal company.
S&P downgrades Greece and Portugal
euro Geoffrey T. Smith S&P has delivered a damning verdict of the euro zone's new plans for resolving sovereign debt crises, downgrading Greece and Portugal.
China's new gold rush
Gold James Dunn INSATIABLE Chinese demand has sent the prices of commodities such as iron ore and copper to historic highs.
Struggling Sensis prepares for digital
Sensis Tracy Lee IT has taken them two years to come up with a plan to rescue earnings at Sensis, but it will take another three to know if it works.
ASX probes Murchison
Murchison Andrew Burrell THE Australian Securities Exchange has quizzed Murchison Metals over its disclosure practices.
It was a tough job, says D'Aloisio
ASIC Damon Kitney IN a wide-ranging corporate career, Tony D'Aloisio reckons his four years at the helm of the corporate regulator have been the toughest.
Financial Markets
Wall St gains as anxiety hits bonds
Wall St UPDATED Jonathan Cheng US stocks surged 0.7 per cent, reclaiming nearly six weeks of losses, but Treasuries posted their longest losing streak since 1990.
Oil rises 0.8pc on Libya export doubts
Gold dips as risk appetites improve
Financial Markets Coverage
Mining & Energy
BP may face manslaughter charges
Aus Bus Pix BP oil spill 110330 Alexandra Frean and Miles Costello BP could face manslaughter charges over decisions made by managers before the Gulf of Mexico explosion that killed 11 workers last year.
Oil rises 0.8pc on Libya export doubts
Gold dips as risk appetites improve
More Mining & Energy Coverage

Financial and Forex Info | The Australian Capital Circle: East Timor solution in deep freeze

Capital Circle Newsletter

East Timor solution in deep freeze
The PM's East Timor processing centre seems increasingly unlikely to get off the ground.

The PM's diary: Julia Gillard is in Perth visiting a bushfire-affected area in Kelmscott. Community cabinet begins with one-on-one meetings of ministers and citizens between 5pm and 6pm. From 6pm to 6.45pm there is a reception and then from 6.45pm to 7.30pm Ms Gillard will address the event.
Tony Abbott is in Brisbane today and will remain in South East Queensland until the weekend. He will visit Kangaroo Bus Lines in Morayfield with federal MP Wyatt Roy this morning.
Beefing up the team: Wayne Swan's message manager Matthew Coghlan is back in town and back with the Treasurer. Coghlan will work with fellow press secs Fergus Maguire and Adam "Collo" Collins. It's worth noting the three man media team is second only to Julia Gillard and comes as the government faces pressure over its carbon tax, the resources tax and as a crucial budget hoves into view. On a walk through the press gallery yesterday, Coghlan showed all the signs of a man at peace with the world after six months in Europe and India. The federal budget will put paid to that.
At the Press Club: Liberal Immigration spokesman Scott Morrison is speaking at the National Press Club today on the topic  "Population challenges for the Liberal 3.0 generation''.
In the House: The standing committee on regional Australia will meet today to examine the impact of the Murray-Darling basin plan, while a Senate select committee will examine the proposed minerals resource rent tax.
***Sign up to Capital Circle -- news from the beltway to your inbox***
Ricky Ponting's resignation as captain of the Australian cricket team - the 'journey of a lifetime' - has put his picture on the front of the Australian, the Herald Sun, the Sydney Morning Herald, the Age and the Advertiser. The D

Financial And Forex Info | Kitco New York Market Close Report

New York Market Close Mar 29/11 05:20 PM EDT

Financial & Forex Info | Reuters - Technology Report: Twitter co-founder wants more mainstream website

News faced a backlash from the music industry after it introduced Cloud Drive, an online "music locker" that lets customers store music files on the company's Web servers instead of their own hard drives and play them over an Internet connection directly from browsers and on phones running Google’s Android OS. Sony Music was upset by Amazon's decision to launch the service without new licenses for music streaming.

Amazon's Cloud Drive "is an amazing value and pretty easy to use", but won’t kill rival Dropbox just yet, Business Insider’s Steve Kooch wrote. The Wall Street Journal’s Peter Kafka thinks Amazon’s cloud move isn’t earth shattering and "if you’re a music lover looking for a paradigm shift in the way you consume tunes, this won’t be it".

Mozilla released its Firefox 4 Internet browser for Android phones, which allows desktop users to synchronize their history, bookmarks, tabs and passwords, according to Mozilla.

AT&T's $39 billion bid to buy T-Mobile USA came under scrutiny from New York's attorney general, who said he is looking into its possible anti-competitive impact.

News Corp held talks to give control of Myspace to the music label-owned video site, but the likelihood of a deal being reached was slim, a person with knowledge of the talks said.

Separately, News Corp said that an increase in new, paying digital subscribers to its UK paper The Times has more than compensated for a drop in print circulation.

A seemingly esoteric spat between Google geeks and their Facebook cohorts over the search engine giant’s change to the way contacts from Facebook appear on its next-generation handset, the Nexus S, raises questions about Google’s increasing dominance in the mobile handset market — and whether it can resist the temptation to abuse that power, writes Rob Cox.

The worldwide smartphone market is expected to grow nearly 50 percent in 2011, according to market research firm International Data Corporation. Engadget's Vlad Savov took issue with IDC's 2015 market share forecast, citing IDC's report last year that predicted Symbian, an operating system now headed for extinction, would run the majority of smartphones into 2013. IDC now says that in 2015, Google's Android will have 45.4% market share; Microsoft Windows Phone 7/Windows Mobile: 20.9%; Apple's iOS: 15.3%, RIM's BlackBerry: 13.7%; others: 4.6%; and Symbian: 0.2%.

MarketWatch | Market Pulse: Apollo Global prices IPO at top of range

By Alistair Barr, MarketWatch 

SAN FRANCISCO (MarketWatch) — Apollo Global Management priced its initial public offering at the top of an expected range late Tuesday, joining private-equity rivals including KKR & Co. and Blackstone Group as public companies.
Apollo’s IPO priced at $19 a share, at the top of a range of $17 to $19 a share. The stock is due to begin trading Wednesday under the ticker APO.
Apollo, led by Leon Black, tried to go public a few years ago, but the global financial crisis derailed those plans.

Stocks rally despite weak data

Paul Vigna explains why stocks rallied despite disappointing reports on housing and consumer confidence and why Treasury prices fell for a ninth straight day.
Blackstone /quotes/comstock/13*!bx/quotes/nls/bx (BX 18.30, -0.10, -0.54%)  and Fortress Investment Group /quotes/comstock/13*!fig/quotes/nls/fig (FIG 5.74, +0.05, +0.88%)  managed to complete IPOs earlier, but their shares slumped when the crisis hit. The stocks have recovered, but they are still well below their offering prices.
KKR began trading in Europe first, but the firm secured its U.S. listing /quotes/comstock/13*!kkr/quotes/nls/kkr (KKR 17.41, -0.20, -1.14%)   in 2010.
In recent weeks, Apollo had to cut its price range from $18 to $20 a share to the $17 to $19 range because of market turmoil triggered by unrest in Libya and the earthquake in Japan, according to Scott Sweet of IPO Boutique.
The fact that Apollo has been able to price the IPO at the top of the new range is “very bullish,” Sweet said.
The offering was “multiple times” oversubscribed and there was solid demand retail and institutional investors, he added.
Alistair Barr is a reporter for MarketWatch in San Francisco.

CBS | Political Hotsheet Top Stories: GOP rep.: Government shutdown could be necessary

The CBS News Political Hotsheet newsletter


Freshman Republican Joe Walsh says a government shutdown might actually be good for the country
Read full story
GOP rep.: Government shutdown could be necessary

Crowley stands by criticism of Manning's treatment Ex-State Dept. official P.J. Crowley says he stands by his statement that treatment of accused Wikileaks leaker is "stupid"

GOP sen. turns the tables at Muslim rights hearing As Muslim civil rights advocates called for more support against discrimination, Sen. Jon Kyl questioned if they're sufficiently supporting the government

Fox exec. under fire for Obama socialism comments Video shows Bill Sammon saying he found premise Obama advocates socialism "rather far-fetched," but pushed it on the air anyway in 2008

Obama's Libya speech seeks to keep allies united Though there have been some critics, president so far has kept the international coalition together

CBS | Evening News Top Stories: nterview with President Obama on Libya plans

The CBS Evening News with Katie Couric newsletter

Hi everyone,
This is Erica Hill, filling in for Katie tonight. The leaders of 40 world powers agree that Muammar Qaddafi must go. At a London conference, they agreed to keep up the military pressure on Qaddafi's forces to stop attacking his people. But they stopped short of agreeing to provide arms to Libyan rebels. I'm speaking with President Obama this afternoon about the situation in Libya, including what he plans to do if Qaddafi somehow holds onto power. What's happening in Syria sounds a lot like what's happened in other Arab countries. After weeks of protests and a bloody crackdown, President Bashar Assad fired his cabinet and promises reforms. Allen Pizzey reports tonight from the border with Jordan. It could be the biggest sexual discrimination suit ever. The Supreme Court today heard arguments on whether more than a million women should be allowed to sue Wal-Mart. The giant retailer wants the case thrown out, arguing the plaintiffs' claims are too broad. Chief Legal Correspondent Jan Crawford looks at the issues. In February, the FDA approved a drug, Makena, that helps prevent babies from being born too early. Soon after, the company that makes it raised the price by about 5,000 percent. As Wyatt Andrews reports, many expectant moms believe they could be priced out of receiving the drug. Finally, we all know that breaking up hurts. Now, there's scientific proof that a broken heart hurts physically. Ben Tracy has this heartwarming story. Erica Hill

Man-goose bond (and gender) put to the test Dom the retiree and Maria the goose are still inseparable even though she's in protective custody at LA zoo - and she is a he

Crisis of confidence for Japan's government As details are contradicted, and the nuclear crisis apparently worsens, Japan's government may be losing citizens' trust

Woman promises couples babies, delivers heartache CBS News I-team tracks down and confronts an alleged con artist who's made thousands by preying on couples desperate to adopt

Obama's Libyan defense Dan Farber: President Obama has a significant challenge in his speech Monday night as he tries to hold an elusive center

Phoenix teacher's aide busted for student sex 20-year-old also accused of sending picture of her breasts to male students