How can you give the banks a three-point spread when Japan's official discount rate is 0.5%?
By electing Cruz over Dewhurst, and by a whopping 14-point spread, Texans are sending their own message to Washington.
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The attractive margins on commercial lending (a gaping three-point spread between the prime rate and the Federal Reserve discount rate) don't alter this gloomy picture.
Hedge funds thought they'd been smart by locking in a three-to-four-percentage-point spread by selling protection on those tranches and buying it on less risky ones.
That's a 90-basis-point spread that the homeowner can scoop up.
Saks bonds with a 97TK8 coupon due October 2011, for example, are now yielding 7.6%, or 287 basis points (2.9 percentage points) over seven-year Treasurys, compared with a 700-basis-point spread to Treasurys four years ago.
The 21.3-point spread between bullish and bearish sentiment suggests that optimism remains below levels that would be considered excessive, however. (The bull-bear spread has topped 40 points nearly 70 times since 1987.) This suggests that though many individual investors are hopeful, concerns about the economy, interest rates and the federal deficit have not faded into the background.
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Last I saw, the point spread was - it had started at about 13.5 points in favor of the Patriots, might be down to 12.5.
At one point, the ten-year swap spread reached 71.5bps, though it has fallen sharply since then.
For example, the bid-ask spread on German 10-year bonds is less than 0.01 percentage point.
David Elrod, a Dallas trial lawyer, says he prefers to wear forward-point collars with suits and ties rather than spread collars.
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However, patients with a weak immune system may not be able to do this - at which point the tuberculosis bacteria starts to spread in the lung.
On Tuesday, the bid-ask spread on Spain's 10-year note hit roughly 0.12 percentage point.
Instead Gingrich stunned the pundits by a double-digit spread victory, close to a 30 point swing from January 9.
But fans quickly crammed into court 18 - capacity 782 - as word spread about the historic contest and every possible vantage point outside was taken.
On the market front, yields on Italian benchmark 10-year sovereign bonds hit an all-time high of 6.68%, at one point registering a 490 basis point spread over German bunds.
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And advocates of mobile phones, including Iqbal Quadir, who has sparred with Mr Negroponte on the subject, point out that mobile phones provide immediate economic benefits, which enables them to spread in a self-sustaining, bottom-up way, without the need for massive government funding.
Either way--with a swap or a margined bond trade--you pocket the spread, unless and until the corporate bond gets into trouble, at which point you're sitting on a painful capital loss.
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