12 August 2009

US Agency Transactions Still Suck, But....

There may be some cause for limited optimism.

The latest ARC figures today show a marked improvement over the last few months of activity.

Specifically Transactions were off less than 1% from last year's numbers and yield was off only 17% vs last year. Year to Date figures are 7% and 26% respectively.

Let's not leap to conclusions. Despite the opinion among leading economists that the Recession has bottomed out, we may just be bubbling along the bottom.

I am not yet convinced but I am heartened by these numbers


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