Today the U.S. Supreme Court voted 7-2 to uphold a state’s right to provide tax-exempt status to in-state municipal bonds.
Read full WSJ story
The ruling overturns a Kentucky appeals court holding that had said the practice violates the U.S. Constitution because it discriminates against out-of-state bonds. The outcome means the opinion will require no changes in [...]

Comments Off | Filed under: General, Municipal Bonds
Posted on May 19th, 2008 by Bob Brinker

Freddie Mac raising $5.5 billion
April 2008 CPI report  released this morning. Year over year figures are: Headline CPI +3.9%. core CPI +2.3%
Fed is ready to boast TAF loans again if needed
LIBOR/TED spread improving

Comments Off | Filed under: Federal Reserve, General, Inflation
Posted on May 14th, 2008 by Bob Brinker

Ben Bernanke – The Improviser
Credit markets improving
Apple’s online store sold out of iPhones
Treasury Cash Avalanche

Comments Off | Filed under: General
Posted on May 12th, 2008 by Bob Brinker

Through 5/12/08 close:
10-day: 0.93
60-day: 1.06
Today: 0.87

Comments Off | Filed under: General
Posted on May 12th, 2008 by Bob Brinker

3 – month

3.55% @ Nexity Bank
3.51% @ E-LOAN

6 – month

3.75% @ Countrywide
3.75% @ Corus Bank

1 – year

4.1% @ GMAC
4.1% @ IndyMac
4.1% @ Countrywide

2 – year

4.25% @ Countrywide

3 – year

4.5% @ Countrywide
4.25% @ Capital One Bank

4 – year

4.75% @ Capital One Bank
4.55% @ E-LOAN

5- year

5% @ Capital One Bank
4.76% @ KeyDirect

Comments Off | Filed under: CDs, General
Posted on May 12th, 2008 by Bob Brinker

Bank of America may pass on the Countrywide debt
Fed increases Term Auction Facility (TAF) liquidity by 50%
Buffett buying
Is a friendly Microsoft / Yahoo! deal imminent?

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Posted on May 2nd, 2008 by Bob Brinker

The Bureau of Labor Statistics (BLS) released the April 2008 Employment Situation report this morning. The report beat the very low expectations by showing a loss of 20,000 nonfarm payroll jobs in April – better than the expected 75,000 job loss estimates. In addition, the unemployment rate was slightly lower at 5% – down from [...]

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Posted on May 2nd, 2008 by Bob Brinker

The May 2008 edition of the Brinker Fixed Income Advisor was published online today.

Comments Off | Filed under: General, Investment Letter
Posted on May 1st, 2008 by Bob Brinker