Archive for the ‘Uncategorized’ Category
Monday, January 9th, 2017
This is an excerpt from a longer Bloomberg story:
“If the 10-year breaks 2.6 percent on a weekly or on a monthly basis, because it’s so strong and so important in terms of technical analysis, that if and when it’s broken on the upside, it’s a bear market,” Gross, who manages the ...
Posted in Uncategorized | 2 Comments »
Monday, January 9th, 2017
Via Bloomberg:
Don’t Worry Bond Investors, Baby Boomers Have Got Your Back
by
Natasha Doff
January 9, 2017, 5:30 AM EST
HSBC report sees aging population supporting demand for bonds
Debt already accounts for more than half of pension holdings
Investors mourning the end of a 30-year bull market in U.S. Treasuries can take ...
Posted in Uncategorized | 1 Comment »
Monday, January 9th, 2017
Via Bob Elson at Bloomberg:
IG CREDIT PIPELINE: TD to Price, IADB, KOMINS Mandates Added
2017-01-09 10:39:10.53 GMT
By Robert Elson
(Bloomberg) -- Set to price today:
* Toronto-Dominion Bank (TD) Aaa/AAA, to price $benchmark
144a/Reg-S 5Y Covered Bond, via managers BMO/BNP/GS/HSBC/TD;
IPT MS +Low-60s
* Added today:
* Kommuninvest (KOMINS) Aaa/AAA, mandates BNP/BAML/Nom/TD
to manage a forthcoming $benchmark 144a/Reg-S ...
Posted in Uncategorized | Comments Off on Corporate Bond Pipeline
Monday, January 9th, 2017
Via WSJ:
Sterling Falls on Theresa May’s Brexit Comments
The prime minister said the U.K. would aim for a clean break from the EU
By
Mike Bird
Jan. 9, 2017 6:13 a.m. ET
The pound fell sharply against the dollar and euro Monday after U.K. Prime Minister Theresa May said Britain would make a definitive break from ...
Posted in Uncategorized | Comments Off on Sterling Falls on Prospect of Hard Brexit
Monday, January 9th, 2017
Via Marc Chandler at Brown Brothers Harriman:
Drivers in the Week Ahead
US retail sales late in the week is the main data feature this week
The short squeeze in the Chinese yuan appears to have ended
UK Prime Minister May comments suggest hard Brexit, which weighs on sterling
Brazil is ...
Posted in Uncategorized | Comments Off on Early FX
Monday, January 9th, 2017
Via WSJ:
Investors Betting Strongest Junk-Bond Rally in Years Has Legs
Better earnings among risky companies and a slowdown of defaults have given junk-bond investors cause for optimism despite a big decline in yields
Updated Jan. 8, 2017 10:37 p.m. ET
An uptick in earnings among riskier U.S. companies is bolstering ...
Posted in Uncategorized | Comments Off on Can the Epic Junk Bond Rally Continue?
Sunday, January 8th, 2017
Via WSJ:
As Dow Approaches 20000: Has This Rally Just Begun?
As some investors consider swapping out of bonds, analysts see a tailwind for stocks
By
COLIN BARR and
AARON KURILOFF
Jan. 8, 2017 6:37 p.m. ET
Perhaps this rally hasn’t ended. Perhaps it has just begun.
The Dow Jones Industrial Average on Friday closed at 19963.80, as ...
Posted in Uncategorized | Comments Off on Does The Equity Rally Have Legs?
Sunday, January 8th, 2017
Via Bloomberg:
Summers Warns of Financial-Crisis Risk From Trump Economic Plans
by
Christopher Condon
January 8, 2017, 12:58 PM EST
Financial deregulation would be ‘hugely dangerous,’ he says
Ex-Obama adviser says stronger dollar would hurt exporters
Former U.S. Treasury Secretary Lawrence Summers attacked the policy proposals of Donald Trump on several fronts, saying the president-elect’s plans ...
Posted in Uncategorized | Comments Off on Summers on Trump’s Economics
Sunday, January 8th, 2017
Via Bloomberg:
BofA Said to Boost Bonuses for Bond Traders, Cut Equities
by
Laura J Keller
and
Hugh Son
January 6, 2017, 11:24 AM EST January 6, 2017, 2:01 PM EST
Fixed-income staff to get as much as 10% more for 2016
Equities slump prompts cut of about 5% for that bonus pool
BofA Said to Boost ...
Posted in Uncategorized | Comments Off on Fixed Income Bonus Time
Sunday, January 8th, 2017
Via Bloomberg:
Potential Fed Chairs Suggest They Would Pursue Tighter Policy
by
Rich Miller
January 8, 2017, 4:00 PM EST
Bank is behind curve in raising rates, Stanford’s Taylor says
Hubbard, Warsh also point toward higher interest rates
Potential candidates to head the Federal Reserve in 2018 suggested that monetary policy would be tighter if ...
Posted in Uncategorized | Comments Off on Musings and Ruminationsof Prospective Trump Fed Chairs