Börsipäev 22. august

Moody's Cuts Fannie Mae's And Freddie Mac's Preferred Stock Ratings; Affirms Aaa Senior Debt
Finantssektor annab FNM, FRE uudise peale tagasi ja punasesse on jõudnud veel AIG, WM ja BK.

Graafikult on hästi näha, kuidas Aasia ja Euroopa keskpankadel ning fondidel on alates augustist USA kodulaenajate võlakirjade isu täis saanud. Huvitav kauaks ameeriklastel isu jätkub?

Sector ETF Leaders @ Midday:
Financial Services- IAI +2.3%, IYG +1.8%, REgional Banks- RKH +2.1%, KRE +0.40%, Software- SWH +2.0%, Finance- XLF +1.9%, IYF +1.5%, Commercial Banks- KBE +1.8%, Solar Power- KWT +1.6%, Tech= KLX +1.5%

Sector ETF Laggards @ Midday:
commodities- GSG -3.5%, DBC -2.0%, Gas- UGA -3.0%, Nat Gas- UNG -2.9%, Oil- USO -2.7%, Heating Oil- UHN -2.5%, Base Metals- DBB -2.4%, Coal- KOL -2.3%, Silver- SLV -1.4%

U.S. Treasury's priority remains any GSE backstop would aim to keep shareholder-owned status according to source- Reuters
Ja finants saab tuge ning FRE ja FNM tulevad ilusti ülespoole.
$3 bln fund operator Ore Hill Partners international fund has halted redemptions, so many redemptions have triggered an automatic gate to stop them; other funds are not impacted - CNBC
NY Fed says making "minor technical adjustment" to daily securities lending program; will take only securities with 13 or more days of maturity remaining vs prvs 6 days - Reuters

Toon Ore Hilli hedge fondi kohta pikema artikli ka siia välja:

"Hedge fund Ore Hill Partners, a $3 billion credit specialist, has barred clients from redeeming their money, imposing a freeze just as investors clamored for an exit, the company said on Friday. The firm, half owned by Man Group Plc, the world's largest publicly traded hedge fund, put up a so-called gate provision on its flagship portfolio this week, limiting the amount of withdrawals after investors sought the return of roughly $300 million, said an investor who asked not to be identified. Heavy redemptions for September triggered an automatic gate, said Sophie Sophaon, a spokeswoman for the fund. Fund directors are considering what measures to take that will be in the best interest of all investors, she added. Through July, the portfolio lost 6.5 percent this year, unnerving many investors enough to ask for their money back sooner rather than later, said the investor, who asked to remain anonymous because he did not want to be publicly identified speaking about the private offering. The fund returned 1.8 percent last year after gaining 13.3 percent in 2006 and 1.8 percent in 2005."