a person who has
had long service or experience in an occupation, office, or the
-a person who has
served in a military force, especially one who has fought in a
through long service or practice; having served for a long
of, pertaining to,
or characteristic of veterans.
veterānus mature, experienced, equivalent to veter- (stem of vetus) old
_______________________________________________ TIP OF THE WEEK
Loans to veterans
saw an increase of 101 percent in dollar amount and 45 percent in number of
loans over last year.
One of the reasons
for the increase is that U.S. military veterans can now save
up to $69,062.50 on the SBA 7(a) loan guarantee
Notice5000-1319 declares that the SBA guarantee fee on SBA 7(a) loans is now
reduced by 50% for small businesses that are 51% or more owned and controlled by
LIBOR Base Rate October 2015 = 3.19%
Fixed Base Rate October 2015 = 4.19%
504 Loan Debenture Rate for October
debenture rate is only 2.72% but note rate is 2.76% and the effective yield is
OF THE YIELD CURVE
rate observers should have fun over the next month leading up to the next
Federal Reserve meeting on interest rates.
On Friday, the
Labor Department said that said the U.S. economy created 271,000 new jobs
in October marking the largest monthly employment gains of the year. Total
employment is now 4.3 million above the previous peak and is also up 13.0
million from the employment recession low.
The jobs report
sparked a sell off in the Treasury market as it was taken by investors as an
indication that the Federal Reserve had sufficient reason to raise interest
rates in its December meeting.
The yield on the
30-year Treasury bond gained 6.7 basis point to
Here is what the
30 year Treasury bond has been doing and this week’s interesting little
Wait a minute, why
no numbers for 2003, 2004, and 2005?
One month after
the 9/11 attacks, the Treasury 30 year bond is discontinued. When the Treasury
mothballed the 30-year bond in 2001, experts speculated it was trying to drive
down long-term interest rates, which had remained stubbornly high while the
Federal Reserve was slashing short-term interest rates to revive the economy.
When the Treasury discontinued the 30-year bond in 2001, its yield fell 35 basis
points in one day. Why? A shrinking supply of the 30-year Treasury bond caused
increased demand to drive rates down.
What does all this
Keep your eyes and
ears open for this week’s auction of 30 year Treasury bonds. At last month’s
auction, there was strong demand as the bidding was tight with the high yield
coming in 1/2 basis point below expectations at 2.914 percent.
The 30 year
Treasury yield is at historic lows implying a lack of concern over escalating
Reserve will also have one more jobs report to digest before its meeting on
December 15th and 16th.
Day is November 11th and it is a Federal
According to the
Federal Reserve, here is our remaining holidays for
November 11 Thanksgiving Day November 26 Christmas Day December
why is it on the 11th instead of a Monday? Major hostilities of
World War I were formally ended at the 11th hour of the 11th day of the 11th
month of 1918, when the Armistice with Germany went into effect. It
coincides with other holidays such as Armistice Day and Remembrance Day, which
are celebrated in other parts of the world
the way, it is Veterans Day - a simple plural without a possessive apostrophe
(Veteran's or Veterans'). The United States government has declared
that the attributive (no apostrophe) rather than the possessive case is the