Archive for the ‘Uncategorized’ Category
Monday, January 30th, 2017
I received this article from a fully paid up subscriber who noted that 10 Year Greece bonds were wider by 34 basis points today. He did not note if that was against Bunds or Treasuries.
Via Bloomberg:
Greek Bonds' ECB Fantasy Faces Cold Reality of IMF Report: Gadfly
2017-01-30 13:21:20.573 GMT
By Marcus Ashworth
(Bloomberg ...
Posted in Uncategorized | Comments Off on Greek Tragedy
Monday, January 30th, 2017
Via Bloomberg:
Treasury Coupon Auction Sizes to Grow This Year, JPM Says
2017-01-30 13:31:13.753 GMT
By Elizabeth Stanton
(Bloomberg) -- Two factors will cause U.S. financing needs
“to rise significantly” -- bigger federal budget deficits,
assuming $250b of fiscal stimulus through end of 2018, and Fed
tapering reinvestments beginning in mid-2018, JPMorgan
strategists led by Jay Barry say ...
Posted in Uncategorized | Comments Off on JPM on Treasury Supply
Monday, January 30th, 2017
Via Marc Chandler at Brown Brothers Harriman:
Drivers for the Week Ahead
Three major central banks meet in the week ahead
There are several important reports that will give investors more insight into how the economies have begun the New Year
Although the Lunar New Year holiday runs through the week, ...
Posted in Uncategorized | Comments Off on FX
Friday, January 27th, 2017
Via Robert Sinche at Amherst Pierpont Securities:
JAPAN: After surging by 3.0% over the 3 months ended November, the Bberg consensus expects that Retail Sales dropped 0.5% MOM in December, a small giveback given recent gains.
EURO ZONE: The set of monthly EC economic and confidence surveys are expected to hold recent ...
Posted in Uncategorized | Comments Off on Weekend Data Preview
Friday, January 27th, 2017
Via Stephen Stanley at Amherst Pierpont Securities:
The headline December durable goods orders figure was disappointing, as both defense and aircraft bookings were softer than expected. Defense orders more than reversed the 30% jump recorded in November, falling to the lowest level since June. Aircraft bookings were projected to improve substantially, ...
Posted in Uncategorized | Comments Off on Durable Goods
Friday, January 27th, 2017
Via Stephen Stanley at Amherst Pierpont Securities:
Given the extreme optimism illustrated by the University of Michigan sentiment figures (as well as other measures of consumer confidence), I thought it might be a good time to look under the hood at what may be driving consumer attitudes. Clearly, the election was ...
Posted in Uncategorized | Comments Off on Consumer Sentiment Dissected
Wednesday, January 18th, 2017
Via Stephen Stanley at Amherst Pierpont Securities:
Industrial production surged in December by 0.8%, mainly driven by a weather-induced 6.6% rebound in utility usage. In fact, the utility category has been driving the headline figures for several months. In contrast, manufacturing output has been on a steadier but glacial uptrend. Factory ...
Posted in Uncategorized | Comments Off on IP Dissected
Wednesday, January 18th, 2017
Via TDSecurities:
US: Inflation Breaks 2% On Energy and Core Services
· December CPI accelerated to 2.1% y/y in line with expectations, boosted by gasoline prices and a solid 0.2% m/m print in the core (ex food & energy) index. The latter pushed up the core inflation rate back to 2.2% ...
Posted in Uncategorized | Comments Off on CPI Dissected
Tuesday, January 17th, 2017
Via Marc Chandler at Brown Brothers Harriman:
Trump's Comments Send the Dollar Reeling
In a WSJ interview, Trump pushes against GOP border adjustment plan and warns the dollar is already too strong.
Details of UK's May Brexit speech has already been provided via advanced extracts. Sterling recovers from yesterday's slide
...
Posted in Uncategorized | Comments Off on FX
Monday, January 16th, 2017
Via Marc Chandler at Brown Brothers Harriman;
Drivers for the Week Ahead
May's Brexit speech on January 17
ECB meeting on January 19
Trump's inauguration as 45th US President on January 20
Bank of Canada meets
China's President Xi to address Davos
Sterling's drop through $1.20 in Asia in response to additional ...
Posted in Uncategorized | Comments Off on FX