Archive for the ‘Uncategorized’ Category
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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Saturday, June 3rd, 2017
Via Stephen Stanley at Amherst Pierpont Securities:
The New York Times is reporting that the Trump Administration has settled on nominees for 2 of the 3 open Fed Board slots.
Randall Quarles is said to be the appointee for the Vice Chair in charge of bank regulation, effectively replacing Tarullo. His name ...
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Thursday, May 11th, 2017
This story is via the left wing website DailyKos (dailykos.com). I do not agree with the site's politics but if you want a deep dive into elections it is worth a visit.
Via the DailyKos:
Daily Kos Elections Morning Digest
Leading Off
• Special Elections: On Tuesday night, voters in two counties on the ...
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Wednesday, May 10th, 2017
This is an interesting collage of analyst opinions on the firing of FBI Director Comey and the impact that action will have on the Trump legislative agenda.
I think the Watergate comparisons are hyperventilating hyperbole. Watergate had been a dominating from March of 1973 and the so called Saturday Night Massacre ...
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