Phil Grossfield's Blog

Our Passover Seder was a success.  My friends brisket was unbelievable, the company was fantastic, the kids were well-behaved for all intents and purposes, and my son even won the game of finding the hidden afikoman matzo (to my daughter’s dismay).  Good times!  AND, my cheesecake lived up to its reputation, although it’s definitely better with a graham cracker crust rather than the almond-macaroon crust I had to substitute for Passover.  Also, I added one extra secret ingredient…as the Jews have learned over thousands of years, you have to use what you have and make the best with what G-d gives you.  Therefore, I used what G-d gave me the last couple weeks…here’s a picture of my cheesecake:

My Market Watch:  Pricing is the same as yesterday with 0.125 improvements in some spots.  Bond prices this morning are on the positive side up +9bps since rates were published this morning.  Continued improvement in bonds could lead to a mid-day reprice for the better barring any unforeseen news.  Did you see the news on the Cypress bailout?  I’m really confused by how this is working…did you read that any account over 100k euros is being partially confiscated?  Holy crap.  Anyway, economic reports this morning are pushing stocks higher and bonds lower including new home sales which were reported strong. When bonds are sold off pricing typically gets worse…as of now things are stagnant with a slight edge towards a bond price improvement.   My Disclaimer

My Schedule:  Today I am available with one conference call scheduled this morning at 10:30a.  Keep in mind I rarely answer my phone before 10:30a as I use this time to catch up from the previous day….

My Fun Stuff:  You gotta laugh!  I watch this almost every day  —  All My Fun Stuff