Archive for the ‘Uncategorized’ Category
Wednesday, January 4th, 2017
Via Bloomberg:
Harvard Academic Sees Debt Rout Worse Than 1994 ‘Bond Massacre’
2017-01-04 15:39:28.489 GMT
By Anchalee Worrachate
(Bloomberg) -- If you thought you had already read the
gloomiest possible prognosis for bonds, wait until you read this
one.
Paul Schmelzing, a PhD candidate at Harvard University and
a visiting scholar at the Bank of England, said if ...
Posted in Uncategorized | Comments Off on Bond Market Rout?
Tuesday, January 3rd, 2017
Via Marc Chandler at Brown Brothers Harriman:
Drivers for the Week Ahead
We expect the dollar's uptrend to continue, driven by the divergence of monetary policy broadly understood and the political risks emanating from Europe
The highlight of the week is the US jobs report
Investors await the UK Supreme Court ...
Posted in Uncategorized | Comments Off on FX
Tuesday, January 3rd, 2017
Via Bloomberg:
IG CREDIT: Trading Expected to Bulk-Up; Issuance Has Quick Start
2017-01-03 10:53:50.48 GMT
By Robert Elson
(Bloomberg) -- Secondary IG trading ended with a Trace
count of $2.5b Friday vs $4.1b Thursday, $2.2b last Friday.
* 10-DMA $7.8b vs $18.6b Dec 9; 10-Friday moving avg $10.3b vs
$12.3b Dec. 9
* 144a trading added $169m of ...
Posted in Uncategorized | Comments Off on Some Corporate Bond Stuff
Tuesday, January 3rd, 2017
Via WSJ:
Earnings, Not Donald Trump, Are Stocks’ Best Friend in 2017
Continued rebound in corporate profits should prop up share prices regardless of Washington policies
By
AKANE OTANI
Jan. 3, 2017 5:30 a.m. ET
0 COMMENTS
Here’s one simple thing set to help sustain stocks’ march in 2017: corporate earnings.
While Donald Trump’s election supercharged investors’ hopes ...
Posted in Uncategorized | Comments Off on Earnings Set to Rebound
Tuesday, January 3rd, 2017
Via WSJ:
BUSINESS
Businesses Ramp Up Investment Despite Rising Rates
After years of hoarding cash and buying back stock, U.S. companies are ready to spend money on equipment, buildings
By
THEO FRANCIS and
VIPAL MONGA
Updated Jan. 2, 2017 10:40 p.m. ET
U.S. companies are preparing to invest again after years on the sidelines, and rising interest ...
Posted in Uncategorized | Comments Off on Animal Spirit on the Rise
Tuesday, January 3rd, 2017
Via Bloomberg:
Dollar Rally Adds to Uncertainty as Fed Weighs 2017 Rate Hikes
by
Christopher Condon
January 3, 2017, 12:00 AM EST
Greenback’s rise caused by anticipation of fiscal boost
Appreciation will harm economy if Trump can’t deliver
The dollar’s appreciation may represent the U.S. economy’s biggest speed bump in 2017, and that could be ...
Posted in Uncategorized | Comments Off on Mighty Greenback and the US Economy
Tuesday, January 3rd, 2017
Via Robert Elson at Bloomberg:
IG CREDIT PIPELINE: 2 Expected to Price, Beginning 2017 Issuance
2017-01-03 10:22:45.197 GMT
By Robert Elson
(Bloomberg) -- Expected to price today:
* Westpac Banking (WSTP) Aa2/AA-, to price 2-part deal, via
managers BAML/HSBC
* 5Y, IPT +105 area
* 5Y FRN, IPT equiv
* BNP Paribas (BNP) Baa2/A-, to price $benchmark Non-Pfd
Senior 7Y; ...
Posted in Uncategorized | Comments Off on Credit Pipeline
Tuesday, January 3rd, 2017
Via Bloomberg:
Analysts Can't Seem to Agree on Whether China's New Yuan Basket Will Be More or Less Volatile
A-tisket, a-tasket, a new currency basket.
by
Narae Kim
January 3, 2017, 3:18 AM EST
It's a new year and a new yuan.
Days after announcing a revamp of its trade-weighted foreign-exchange basket, China's decision to downgrade the importance of the ...
Posted in Uncategorized | Comments Off on New Year and New Yuan Basket
Tuesday, January 3rd, 2017
Via Kit Juckes at SocGen:
<http://www.sgmarkets.com/r/?id=h12032ba4,196c164f,196c1650&p1=136122&p2=b7962b819e3d1b71c528572ef2a812d1>
My inner Grinch was fueled by the cold this morning, nopt to mentin the dark. That Pret-a-manger decided to delay its opening until 7 am, delaying my first coffee of the day, didn't help. But all I've learnt since getting in is that the Grinch, and ...
Posted in Uncategorized | Comments Off on Early FX
Thursday, December 29th, 2016
Via WSJ:
New Fed Voters Bring Wide Range of Experience to Rate-Setting Panel
First-time FOMC voters include a former university president and a onetime gubernatorial candidate
By
Michael S. Derby and
Shayndi Raice
Updated Dec. 28, 2016 3:47 p.m. ET
Three of the four officials who gain votes next year on the Federal Reserve’s ...
Posted in Uncategorized | Comments Off on FOMC Rotation: Non Economists Join the Mix