Académique Documents
Professionnel Documents
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Presented by:
Volume 1, Issue 2
February 8, 2011
0$5.(76 7+( Whitehall
. &
C o m p a n y,
L L C
3.00% 3.00%
2.50% 2.50%
2.00% 2.00%
Jun
Jul
Aug
Oct
Nov
Dec
Jan
Feb
Mar
Sep
Feb
Apr
Feb
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Feb
Jan
May
Mar
Apr
May
US
Yield
Curve
7.00% 30-Year Historic Avg 1981-2011
6.00% 10-Year Historic Avg 2001-2011
5.00% 5-Year Historic Avg 2006-2011
4.00% Today (2/8/11)
3.00%
2.00%
1.00%
0.00% I I I I I I
23 5 7 10 30
US Treasury Bond Tenor
BANK
MARKET
US
Libor
(Feb
8,
2011)
0.80%
Tenor Value
(2/8/11)
1-Month 0.26% 0.60%
3-Month 0.31%
0.40%
6-Month 0.46%
0.20%
Feb
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Jan
Feb
May
Mar
Apr
INDUSTRIALS
Average
10
Year
US
Industrial
Yield Average
10
Year
US
Industrial
Spreads
BBB
A
5.80%
BBB
A
200
bps
5.40%
180
bps
5.00%
160
bps
4.60%
140
bps
4.20%
120
bps
3.80%
100
bps
3.40%
80
bps
Feb
Jul
Aug
Sep
Oct
Nov
Dec
Jan
Feb
May
Jun
Feb
Jun
Jul
Aug
Sep
Nov
Dec
Jan
Feb
Mar
Oct
Apr
May
Mar
Apr
CONTACT
Jonathan
Cody
Timothy
Page
Gifford
Nowland
Gabrielle
Sullivan
Managing
Director
Managing
Director
Analyst
Analyst
(646)
450-‐9750
(646)
450-‐9751
(646)
543-‐4443
(646)
543-‐4404
jp.cody@
Ymothy.page@
gifford.nowland@
gabrielle.sullivan@
whitehallandcompany.com
whitehallandcompany.com
whitehallandcompany.com
whitehallandcompany.com
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