February 20, 2013Daily Rates & Viewpoints From the Officers & Staff of TIB.

WAY FORWARD Workshops!

Please join TIB for our“WAY FORWARD” Workshops!

Today's unpredictable market presents Community Bankers with sharp twists and turns that often keep us from ever reaching full speed. Join TIB for a valuable workshop aimed at helping you straighten those curves by exploring the latest solutions, strategies and insights available to your institution.
You won’t want to miss our TIB “Way Forward” Workshops.  Whether you are a new or long-time customer, or you would simply like to explore what TIB has been delivering to community banks for over 30 years, come join us!
This will be an ideal opportunity for your bank to visit directly with TIB personnel from all areas of the bank.
…Complimentary Workshop…
Who Should Attend: CEOs, CFOs, COOs, Cashiers
7:30 – 8:30am Registration and Continental Breakfast
Morning Topics:
Operational Services, International Remittance Rule, Mobile Payments and other Industry Updates, Safekeeping, Bond Accounting
11:30am- 1:00pm Lunch
Afternoon Topics:
Market and Economic Update, ALM Review and Stress Testing
Adjourn 3:30pm
Attire: Business casual
Tuesday, March 5th                                                                   
Devon Energy Center
333 W. Sheridan Ave, 50th Floor                               
Oklahoma City, OK
Tuesday, March 19th                                                                
Marriott Pyramid North                                                           
5151 San Francisco Road NE
Albuquerque, NM
Wednesday, April 3rd
Tennessee Bankers Association HQ
Bradley L. Barrett Training Center
211 Athens Ways, Suite 100
Nashville, TN
Please watch for additional Spring workshop locations…
 We look forward to seeing you there!
For hotel or more information please call (972) 650-6510,
  or click on the link below to register now.

Cheryl Westermann

Market Levels @ 7:01 AM CST

TIB Fed Funds & MMDA Rates - Previous Day
Agent 0.20% Prin 0.05% MMDA 0.30%
STAR Prin 0.10% STAR MMDA 0.35%
Key Indices/Commodities
1 - Month LIBOR 0.20% Dow Jones 14035.67
3 - Month LIBOR 0.28% NASDAQ 100 3213.59
1-Yr LIBOR 0.75% S&P 500 1526.90
1-Yr CMT 0.17% Spot Gold 1592.10
Prime 3.25% Spot Silver 29.17
3-yr LIBOR Swap/Offer 0.56% Spot Crude Oil 96.76
5-yr LIBOR Swap/Offer 1.04% CRB Index 298.38
3 Mo - Fed Fund Futures 0.14% 6 Mo - Fed Fund Futures 0.14%
US Treasury Yields US Non-Callable Agency Yields
Yield Maturity Yield Spread
0.01% 90 - Days    
0.11% 180 - Days    
0.22% 2 - Year 0.31% 9bp
0.38% 3 - Year 0.47% 9bp
0.85% 5 - Year 0.98% 13bp
2.00% 10 - Year 2.19% 19bp
3.19% 30 - Year    
178 BPs Yield Curve(2's-10's)
Sample 1x Callable Agency Issues
Description Call Date YTC YTM
FNMA 1.25 9/13/18 3/14 1.25% 1.25%
Select MBS Levels
Description Coupon Yield Spread/Duration*
15-Yr FNMA 3.00% 2.45% 107 / 5.92
30-Yr GNMA 3.50% 2.14% 92 / 5.50
*Duration @ 12 month Historical CPR
Morning Commentary: David Terrell


Ten year Treasury yields are near the top of their most recent range of 1.94%-2.05%, while equities continue to climb toward all time highs.  The Dow is just 109 points off the mark set in October of 2009 just before the financial crisis kicked off.  Housing starts in January declined 8.5%, but permits increased 1.8%.  Inflation numbers were pretty tame with PPI climbing 0.2% after declining 0.3% in December.  In an interesting turn of events overseas, Spain has ruled that its semi-autonomous regions cannot issue debt exceeding 100 bps more than federal debt.  The problem is that excludes almost all of the regions who will be forced to seek aid from a relief fund.  The largest region is Catalonia, which trades around +300 to federal debt. 

Information contained herein is based on sources we believe to be reliable but its accuracy is not guaranteed. Customers should rely on their own outside counsel or accounting firm for specific circumstances. The securities, yields or levels discussed herein are for illustration purposes and are not guaranteed, not obligations of any bank, thrift or other entity and are not insured by the FDIC.

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