If you do not see images here, please send an email to paydenrygel@payden-rygel.com to receive this email in a Plain Text formatWeekly Market Update
  WEEK ENDING AUGUST 8, 2003
View on Web   Print Version (PDF)
 
HEADLINE NEWS

Treasury/Economics
Despite $60 billion in new Treasury supply, the tone of the market improved as fear of mortgage-related selling abated. more...

U.S. Equities
U.S. stocks declined slightly this week as earnings from companies such as Costco and Cisco disappointed investors. more...

European Equities
The European equity markets had a relatively quiet week as the Dow Jones EuroStoxx 600 decreased modestly by about 0.3 percent. more...

Corporate Bonds
The corporate primary calendar was light for the second straight week as higher interest rates and a sluggish market kept borrowers on the sidelines. more...

Mortgage-Backed Securities
The mortgage market outperformed dramatically this past week. more...

Municipal Bonds
After several weeks of sitting out the game, traders began taking a few real swings at municipal bonds this week when Treasuries showed some positive performance. more...

Global Bonds
This week on the data front, Japanese consumer confidence rose to 41.9, marking a sharp increase from 40.6 in the previous month. more...

Emerging-Market Bonds
With the relative stability in U.S. Treasuries, the focus in emerging markets turned to regional headlines. more...

High Yield Bonds
The high yield market is suffering a delayed reaction to the volatility that wreaked havoc on the U.S. Government bond and mortgage-backed bond markets in July 2003. more...

For the complete Weekly Market Update, please click on: http://www.payden.com/pubs/updateE.asp

If you have difficulties viewing this email and would prefer the Weekly Market Update in plain text format, please reply to this email by clicking on: paydenrygel@payden-rygel.com. If you would like to unsubscribe from this email, please click here.

Have a great weekend!


 
For further information, please contact us at 800-5-PAYDEN or visit us on the web at payden.com. All rights reserved. Legal disclaimer. Payden & Rygel respects your privacy. Please visit our privacy policy page.