The Treasury and Money Market Rates

One of the more informative sources for all of this information—and more—is the Bloomberg Treasury and Money Market page (BTMM ) and is depicted in Exhibit 1.9. This is essentially a summary of the more important measures and indicators that trade throughout the day. Circled are the

EXHIBIT 1.9 Bloomberg Treasury and Money Market page

Source: Bloomberg

“on the run” Treasuries (the latest issues for the major maturities) and currencies of five of the most popular traded currencies with respect to the U.S. dollar, which is the world’s reserve currency.

There are also many money market instruments including commercial paper, 90-day euro dollar futures, LIBOR fixings, and Fed funds futures. There are a few major stock market aggregates like the Dow Jones Industrial Average, the S&P 500, and the NASDAQ Composite.

Other important economic indicators are posted on this page as well, including the CRB Commodity Index and the latest price of gold and crude oil (West Texas Intermediate).

If something is stirring the markets, it will be identified by movements in several, if not all, of the measures on this page. Professionals can tell how severe or mild the market swings are simply by looking at a snapshot of this page.

There is a rather unique financial market metric that the Street now focuses on in order to appreciate the underlying tone of the markets.

 
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