Archive for October, 2016
Tuesday, October 25th, 2016
Via Bloomberg:
Chicago Fed chief projects three rate hikes before end of 2017
Fed needs to be more clear about terms of moves, he says
When the Federal Reserve next raises interest rates it should be more explicit about how policy makers will respond to new information about the economy going ...
Posted in Uncategorized | Comments Off on Avoiding a Communications Breakdown
Tuesday, October 25th, 2016
Via Bloomberg;
IG CREDIT PIPELINE: GS, CBA to Price; LUKOIL Mandate Added
2016-10-25 09:39:13.911 GMT
By Robert Elson
(Bloomberg) -- Expected to price today:
* Commonwealth Bank of Australia (CBAAU) Aa2/AA-, to price
$benchmark 144a/Reg-S 2-part deal, via managers CBA/HSBC/JPM
* 3Y, IPT +90-95
* 3Y FRN, IPT equiv
* Goldman Sachs Group (GS) A3/BBB+, to price $benchmark
11/NC10 FRN; ...
Posted in Uncategorized | Comments Off on Credit Pipeline
Tuesday, October 25th, 2016
Via Bloomberg;
IG CREDIT: Volume Improves; Most Active Issues See Mixed Flows
2016-10-25 09:58:51.526 GMT
By Robert Elson
(Bloomberg) -- Secondary IG trading ended with a Trace
count of $14b vs $12b Friday, $13.9b last Monday. 10-DMA $15.3b;
10-Monday moving avg $13b.
* 144a trading added $1.8b of IG volume vs $1.6b Friday, $2b
last Monday
* Trace most ...
Posted in Uncategorized | Comments Off on Some Corporate Bond Stuff
Tuesday, October 25th, 2016
Via Marc Chandler at Brown Brothers Harriman:
Dollar Goes Nowhere Quickly
The driving force is the rising US rates and increased expectations that the Fed will hike rates in December
The German IFO business climate is at its highest level in 2.5 years
The Richmond Fed index, S&P CoreLogic (formerly ...
Posted in Uncategorized | Comments Off on FX
Tuesday, October 25th, 2016
Via Yahoo News:
Some great trivia in this one.
1960s Pop Singer Bobby Vee Has Died at Age 73
MINNEAPOLIS (AP) — Pop idol Bobby Vee, the boyish, grinning 1960s singer whose career was born when he took a Midwestern stage as a teenager to fill in after the 1959 ...
Posted in Uncategorized | Comments Off on Aging Baby Boomer Alert
Tuesday, October 25th, 2016
Via Bloomberg:
October 25, 2016 — 5:00 AM EDT
Don't Miss Out — Follow Bloomberg Politics
Her plans, little discussed, would ripple across the economy
Election has become referendum on Republican Donald Trump
Hillary Clinton’s brightening White House prospects have cleared a path for her to pursue a $275 billion infrastructure plan that ...
Posted in Uncategorized | Comments Off on President Clinton’s First 100 Days
Tuesday, October 25th, 2016
This is an excellent article from Bloomberg on the M and A binge and reviews by ratings agencies which are reminiscent of the lax standards applied prior to credit crisis.
Via Bloomberg:
Michelle Davis MichelleF_Davis
October 25, 2016 — 5:00 AM EDT
Sh
AT&T’s bid to buy Time Warner just ...
Posted in Uncategorized | Comments Off on Mergers and Acquisitions and Credit Ratings
Tuesday, October 25th, 2016
Via WSJ:
By
Gerald F. Seib
Updated Oct. 24, 2016 11:27 p.m. ET
Here’s a small fact from the presidential campaign front: The numbers crunchers at the Tax Foundation estimate that there is roughly a $6 trillion difference in the amount of federal revenue that would be generated over the next ...
Posted in Uncategorized | Comments Off on More Gridlock
Tuesday, October 25th, 2016
Via WSJ:
By
Kate Davidson and
Jon Hilsenrath
Updated Oct. 24, 2016 7:23 p.m. ET
8 COMMENTS
Federal Reserve officials, wary of raising short-term interest rates amid the uncertainty surrounding the U.S. presidential election, are likely to stand pat at their November policy meeting and remain focused on lifting them in December.
Their ...
Posted in Uncategorized | Comments Off on Will FOMC Clearly Signal December Hike?
Monday, October 24th, 2016
Via Marc Chandler at Brown Brothers Harriman:
Drivers for the Week Ahead
Fitch surprised by cutting Italy's credit outlook Friday to negative from stable
The eurozone flash PMI improved, which is consistent with the continued trend growth in the area
Canada walked out on the free-trade talks with the EU ...
Posted in Uncategorized | Comments Off on FX