Archive for the ‘Uncategorized’ Category
Monday, November 28th, 2016
Via Kit Juckes at SocGen:
FX daily link below, mostly thoughts on EUR/USD after the French Republican Primary and ahead of the Italian referendum this weekend. The broader theme is month-end position-lightening, which is correcting some over-bought USD positions. A glance at a chart of USD/JPY and its 9-day RSI (relative ...
Posted in Uncategorized | Comments Off on FX
Monday, November 21st, 2016
Via Marc Chandler at Brown Brothers Harriman:
Drivers for the Week Ahead
The news over the weekend is primarily political in nature
Investors see two trends which could very well portend a changing paradigm
The Federal Reserve was poised to hike rates next month regardless of the electoral outcome.
The ...
Posted in Uncategorized | Comments Off on FX
Monday, November 21st, 2016
Via Bloomberg:
IG CREDIT: Mix of 10Y Issues Topped Most Active List
2016-11-21 10:51:02.685 GMT
By Robert Elson
(Bloomberg) -- Secondary IG trading ended with a Trace
count of $15.6b Friday vs $20.1b Thursday.
* 144a trading added $3b of IG volume Friday vs $3.6b on
Thursday
* Trace most active issues longer than 2 years:
* NWL 4.20% ...
Posted in Uncategorized | Comments Off on Some Corporate Bond Stuff
Monday, November 21st, 2016
Via Bloomberg:
IG CREDIT PIPELINE: Holiday Week Means Less Volume Likely
2016-11-21 10:27:12.799 GMT
By Robert Elson
(Bloomberg) -- 84% of dealers and clients, in a Bloomberg
survey, expect IG issuance to be no greater than $15b this week.
Just 4% expect $25b or more. The difference in expectations may
be associated with one large M&A-related type ...
Posted in Uncategorized | Comments Off on Credit Pipeline
Monday, November 21st, 2016
Via Bloomberg:
Higher bond yields will boost funded ratios for pension funds
Low rates ‘just not right in today’s economy,’ BlackRock says
In the wake of Donald Trump’s victory, much has been made about the stunning selloff in the U.S. bond market.
Traders have described it as a bloodbath and a seismic ...
Posted in Uncategorized | 1 Comment »
Monday, November 21st, 2016
Via WSJ:
By
Nick Timiraos
Updated Nov. 20, 2016 7:17 p.m. ET
Donald Trump’s economic team splits neatly into two major groups over a fundamental question: Would the economy benefit most from more carrots or more sticks?
Mr. Trump captured the presidency with a small coterie of advisers whose public views diverge ...
Posted in Uncategorized | Comments Off on Trump’s Advisors Policy Divide
Monday, November 21st, 2016
Via Kit Juckes at SocGen:
<http://www.sgmarkets.com/r/?id=h11d058a1,1915471b,1915471c&p1=136122&p2=748b21c8d1a1d161f0a9a83b74e0f013>
The first round of the French Republican Party primaries saw Nicolas Sarkozy knocked out and Francois Fillon go into the second round with Alain Juppe after getting 44% of the vote. That will leave him firm favourite, not just for his party's nomination but also for ...
Posted in Uncategorized | Comments Off on Early FX
Monday, November 21st, 2016
Via Luke Kawa at Bloomberg:
Why the Federal Reserve Must Become the World's 'Dealer of Last Resort'
The U.S. central bank could be left holding an elephant-sized bag as a global dollar-shortage bites.
Luke Kawa LJKawa
November 21, 2016 — 3:14 AM EST
As President-elect Donald Trump threatens to turn away from ...
Posted in Uncategorized | Comments Off on Alleviating a Global Dollar Shortage
Sunday, November 20th, 2016
Via Bloomberg:
Saudis seek collective curbs under ‘Four Pillar’ approach
Iran and Iraq pose challenge, Russia participation in question
OPEC says it’s close to a deal to cut oil output for the first time since 2008, a move that may halt a 2 1/2-year price slump. The actions of individual member ...
Posted in Uncategorized | Comments Off on Will OPEC Cut Output?
Sunday, November 20th, 2016
Via WSJ:
By
Justin Lahart
Nov. 20, 2016 12:18 p.m. ET
5 COMMENTS
Whatever President-elect Donald Trump’s policies bring about, the Treasury market’s fever has finally broken.
In the short time since Election Day, long-term Treasurys have experienced their swiftest setback in over seven years, with prices tumbling and yields shooting higher. ...
Posted in Uncategorized | Comments Off on Trump Trade and Term Premium