Archive for the ‘Uncategorized’ Category
Wednesday, January 24th, 2018
Via Bloomberg :
Bond ETFs Awash in Pain May Be Red Flag for Risk Appetite (1)
2018-01-22 14:56:05.415 GMT
By Dani Burger and Sid Verma
(Bloomberg) -- U.S. corporate debt exchange-traded funds
have bled a near-historic sum of assets over the past two weeks,
but holders of the underlying securities are paying little heed.
The bonds themselves ...
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Thursday, December 28th, 2017
Via Bloomberg;
Margin Debt Ratio at NYSE Rises To Most Speculative Since 2003
2017-12-28 14:07:01.421 GMT
By Bloomberg Automation
(Bloomberg) -- Net debt in New York Stock Exchange customer
margin accounts rose to 1.03 percent of companies’ market
capitalization in November, the most in data going back to 2003
and a signal that traders became more speculative.
* ...
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Saturday, October 14th, 2017
Via Bloomberg:
Cleveland Fed Oct. 10Y Inflation Expectations Rose to 1.89%
2017-10-13 18:11:10.646 GMT
By Alex Tanzi
(Bloomberg) -- Suggests inflation expectations of less than
2% on average over the next decade, according to the Cleveland
Fed.
* One year inflation expectation at 1.95% v 1.74% a year ago
* 5Y inflation expectation at 1.81% v 1.59% a ...
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Thursday, October 12th, 2017
Via Bloomberg:
Bad Omen for Bad Debt in U.S. Bank Earnings
2017-10-12 12:30:38.544 GMT
By Laura J. Keller
(Bloomberg) -- Increases for bad-debt provisions could end
up being a theme this earnings season for big U.S. banks.
Citigroup’s provision for credit losses rose 15 percent to $2
billion in the latest quarter, more than expected. Earlier,
JPMorgan reported ...
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Wednesday, August 9th, 2017
Via Bloomberg:
Record Set; Clients Hold the Most Corporate Bonds Since 1999
2017-08-09 16:55:35.338 GMT
By Robert Elson
(Bloomberg) -- Client allocations to corporate bonds jumped
to 37.1% in the latest week vs 36.9%, according to the SMR Money
Manager Survey Asset Allocation. The previous high of 37.0% was
seen in June 2017 and also in August 2016.
* ...
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Tuesday, August 8th, 2017
Via Bloomberg:
The Smoking Hot Bond Deal of the Summer Is On Its Way: Gadfly
2017-08-08 10:20:28.782 GMT
By Marcus Ashworth and Mark Gilbert
(Bloomberg Gadfly) -- It's enough to give any treasurer a
smoker's cough: launching the third-biggest fundraising ever
during the August lull, in an industry that's been roiled by
regulators, by a company that's ...
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Thursday, August 3rd, 2017
Via Bloomberg:
Grocery CMBS Stumble Suggests Repricing After Amazon-Whole Foods
2017-08-03 11:56:49.192 GMT
By Adam Tempkin
(Bloomberg) -- Investors gained concessions on the first
commercial mortgage bond backed by grocery-anchored centers
since Amazon announced it was buying Whole Foods Market,
suggesting a repricing of CMBS risk after that transformational
deal.
* Spreads on the bond, sold by Madison International ...
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Tuesday, July 18th, 2017
This is an interesting piece from Robert Sinche at Amherst Pierpont on the changing relationship between US 10 year and Eurpean govies on a hedged basis. The US is looking less attractive.
Via Robert Sinche at Amherst Pierpont Securities:
One of the persistent sources of support for US Treasury debt, particularly at ...
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Monday, July 17th, 2017
Via Bloomberg:
CMBS Monthly Late-Pays Spike Most in Six Years, Still Low: Fitch
2017-07-17 15:49:57.920 GMT
By Adam Tempkin
(Bloomberg) -- U.S. CMBS loan delinquencies increased 22bps
to 3.72% in June from 3.50% a month earlier, the largest month-
over-month spike in six years, Fitch said in a statement.
* This represented largest monthly increase in delinquencies
since ...
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Monday, June 12th, 2017
Excellent piece via Chris Low at FTN Financial:
AM Economic Comments
by Chief Economist Chris Low
Monday, June 12, 2017
Stocks are lower in Asia and Europe overnight and NASDAQ futures are down enough this morning to suggests Friday’s tech selloff will continue today. US 10-yr note yields were higher overnight but have fallen ...
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