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Treasury Announces Marketable Borrowing Estimates
November 1, 2010--The U.S. Department of the Treasury today announced its current estimates of net marketable borrowing for the October – December 2010 and the January – March 2011 quarters:
During the October - December 2010 quarter, Treasury expects to issue $362 billion in net marketable debt, assuming an end-of-December cash balance of $300 billion, which includes $200 billion for the Supplementary Financing Program (SFP). The borrowing estimate is $17 billion lower than announced in August 2010. The decrease in borrowing relates primarily to higher net issuances of State and Local Government Series securities and cash balance adjustments.
During the January – March 2011 quarter, Treasury expects to issue $431 billion in net marketable debt, assuming an end-of-March cash balance of $270 billion, which includes $200 for the SFP.
During the July – September 2010 quarter, Treasury issued $396 billion in net marketable debt, and finished the quarter with a cash balance of $310 billion, of which $200 billion was attributable to the SFP. In August, Treasury estimated $350 billion in net marketable borrowing and assumed an end-of-September cash balance of $270 billion, which included an SFP balance of $200 billion. The higher cash balance resulted from the additional borrowing.
Additional financing details relating to Treasury's Quarterly Refunding will be released at 9:00 a.m. on Wednesday, November 3.
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Source: U.S. Deaprtment of the Treasury
ISE Reports Monthly Volume for October 2010
November 1, 2010--The International Securities Exchange (ISE) today reported average daily volume of 2.9 million contracts in October 2010.
Average daily trading volume for all options contracts decreased 26.0% to 2.9million contracts in October
as compared to 4.0 million contracts during the same period in 2009. Total options volume for the month decreased 29.3% to 61.7 million contracts from 87.2 million contracts in the same year-ago period.
On a year-to-date basis, average daily trading volume of all options decreased 25.0% to 3.0 million
contracts traded. Total year-to-date options volume through October 2010 decreased 25.4% to 626.5
million contracts from 839.3 million contracts in the same period last year.
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Source: International Securities Exchange (ISE)
CBOE Reports October 2010 Trading Volume
October 2010 Average Daily Volume Up 14% From September 2010, Down 6% From October 2009
November 1, 2010--The Chicago Board Options Exchange (CBOE) today reported that average daily volume (ADV) in October was 4.3 million contracts.
October's ADV was a six-percent decline from the 4.6 million contracts per day in October 2009 and a 14-percent increase over September 2010 ADV of 3.8 million contracts.
Year-to-date ADV of 4.5 million contracts through October was down two percent compared with the same period in 2009.
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Source: CBOE
BNY Mellon ADR Index Monthly Performance Review is Now Available
November 1, 2010--BNY Mellon ADR Index Monthly Performance Review has been updated and is now available.
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Source: BNY Mellon
U.S. Department of the Treasury Treasury International Capital System (TIC) Homepage Update
November 1, 2010--The U.S. Department of the Treasury Treasury International Capital System (TIC) Homepage has been updated.
view updates
Source: U.S. Department of the Treasury
Vanguard adds Global ex-U.S. Real Estate Index Fund and ETF
November 1, 2010--Vanguard today introduced a new international real estate index fund with traditional and exchange-traded fund (ETF) shares, further rounding out our offerings across multiple asset classes.
Vanguard Global ex-U.S. Real Estate Index Fund is benchmarked to the S&P Global ex-U.S. Property Index. It will invest in real estate investment trusts (REITs) and real estate operating companies (REOCs) in developed and emerging markets excluding the United States.
The Global ex-U.S. Real Estate Index Fund and ETF will complement Vanguard REIT Index Fund, which holds U.S. real estate securities.
"Modest exposure to real estate investments in a broadly diversified investment portfolio can help moderate overall portfolio volatility and serve as a hedge against inflation," Vanguard Chief Investment Officer Gus Sauter said. "With international real estate securities representing a growing portion of the overall real estate market, a counterpart to our domestic REIT Index Fund is a natural addition to our index fund lineup." ProShares files with the SEC iShares files with the SEC PIMCO Launches Broad U.S. Treasury Index Fund The PIMCO Broad U.S. Treasury Index Fund aims to achieve the yield, duration and capital preservation inherent in The BofA Merrill Lynch Liquid US Treasury Index(SM). The ETF structure allows for trading and pricing throughout the day and has the same expense ratio for all investors, regardless of size. Also, ETF fund shares are publicly traded, offering accessibility to any investor who can access a major stock exchange.
Potential benefits of this fund include: Convenient and efficient exposure to the broad U.S. Treasury yield curve. Access to the entire spectrum of Treasuries with one fund rather than multiple Treasury ETFs or individual securities.
A liquid basket that includes the three most recently issued 2-year, 3-year, 5-year, 7-year, 10-year, and 30-year U.S. Treasury notes and bonds (including "on-the-run issues," or those securities most recently issued). UBS Announces New Energy Exchange Traded Note Linked to the Wells Fargo® MLP Index Master Limited Partnership is a publicly traded limited partnership that has certain tax advantages of a partnership for the holder of the MLP. The UBS E-TRACS Wells Fargo® MLP Index is linked to the Wells Fargo® MLP Index and pays a variable quarterly coupon linked to the cash distributions associated with the MLP constituents of the Index, less investor fees. The payment at maturity or upon earlier redemption or call by UBS is linked to the performance of the Index. read more
Source: Vanguard
November 1, 2010--ProShares has filed a registration statement with the SEC for
ProShares Hedge Replication ETF.
view filing
Source: SEC.gov
November 1. 2010--iShares has filed a post effective amendment, registration statement with the SEC for iShares MSCI Russia Capped Index Fund.
view filing
Source: SEC.gov
'TRSY' Broadens Access to U.S. Treasuries in Efficient ETF Format
November 1, 2010-- PIMCO, a leading global investment solutions provider, has launched the PIMCO Broad U.S. Treasury Index Fund (Ticker: TRSY) to offer investors exposure to the broad U.S. Treasury yield curve via an Exchange Traded Fund (ETF).
"PIMCO has designed TRSY as a single ETF providing exposure to the broad U.S. Treasury yield curve," said Vineer Bhansali, managing director and portfolio manager of the new ETF. "The fund seeks to be a convenient and efficient alternative to investing in individual U.S. Treasury securities."
Source: PIMCO
November 1, 2010--UBS Investment Bank announced today that it has added to its suite of UBS E-TRACS Exchange Traded Notes (ETNs) with the new UBS E-TRACS linked to the Wells Fargo® MLP Index due October 29, 2040. It began trading today on NYSE Arca under the ticker symbol, MLPW, and provides investors a way to gain exposure to the Master Limited Partnership (MLP) energy sector.
“We are excited to bring this 17th UBS E-TRACS ETN to market,” said Christopher Yeagley, Managing Director and US Head of Equity Structured Products. “This is our fifth ETN based on Master Limited Partnerships, and rounds out our suite of energy MLP products. UBS E-TRACS now offers ETNs linked to both the Infrastructure and Natural Gas components of the energy MLP market, short exposure to energy MLPs, leveraged exposure to energy MLPs, and now broad exposure to the MLP energy market.”
Source: UBS
