Archive for August, 2014
Sunday, August 31st, 2014
Via Bloomberg:
BN 08/30 23:04 *HOLLANDE SAYS EU SUMMITS IN OCTOBER, NOVEMBER TO TACKLE ECONOMY
BN 08/30 23:04 *HOLLANDE SAYS LOW INFLATION, WEAK DEMAND IS EUROPE-WIDE PROBLEM
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Hollande Says Low Inflation Is a European Problem, Sees ECB Role
2014-08-31 00:07:08.713 GMT
By Jonathan Stearns
Aug. 31 (Bloomberg) -- French President Francois Hollande
says the European Central Bank ...
Posted in Uncategorized | Comments Off on Hollande with Logorrhea
Friday, August 29th, 2014
Flows via a fully paid up subscriber
Hearing International buying of back end away. We have seem some small buying of the belly v the back end, but nothing market moving. We also had a decent size seller of 2yr notes.
Posted in Uncategorized | Comments Off on Friday Flows
Friday, August 29th, 2014
Via Ginnadiy Goldberg at TDSecurities:
July personal income and spending disappointed market expectations. While an upward revision to last month’s personal income data left the 0.2% rise in July income largely in line with market expectations, spending activity disappointed, falling 0.1%. Markets were expecting a modest 0.2% gain in July despite ...
Posted in Uncategorized | Comments Off on Spending and Income Data
Friday, August 29th, 2014
Via Bloomberg
IG CREDIT: Long VZ Issues Led Trading; 2 Set to Price Today
2014-08-29 10:06:34.823 GMT
By Robert Elson
Aug. 29 (Bloomberg) -- The final Trace count for secondary
trading was $8.1b vs $11.1b Wednesday and $11.7b the previous
Thursday. 10-DMA drops to $9.6b, a new low for 2014, vs $10b, as
$12b on Aug 14 ...
Posted in Uncategorized | Comments Off on Recap Secondary Corp Trading Yesterday
Friday, August 29th, 2014
Via the good folks at Bloomberg:
* (All times New York)
Economic Data
* 8:30am: Personal Income, July, est. 0.3% (prior 0.4%)
* Personal Spending, July, est. 0.2% (prior 0.4%)
* PCE Deflator m/m, July, est. 0.1% (prior 0.2%)
* PCE Deflator y/y, July, est. 1.6% (prior 1.6%)
* PCE Core m/m, July, est. 0.1% (prior 0.1%)
* ...
Posted in Uncategorized | Comments Off on What to Watch for Today
Friday, August 29th, 2014
Via Marc Chandler of Brown Brothers Harriman
- The US dollar is consolidating, largely within yesterday's ranges
- There are four new pieces of macro-economic puzzle that have been delivered today: EU data, the outlook for the German economy, UK housing, and weak Japanese data
- Another big day ahead for Brazil with ...
Posted in Uncategorized | Comments Off on FX
Friday, August 29th, 2014
Dealers report Japanese real money sellers of 7s and 10s and bank portfolio selling of 3s and 5s. One dealer commented that real money shorts covered yesterday and we might actually see several days of higher yields the market consolidates recent gains.
Posted in Uncategorized | Comments Off on Overnight Flows
Friday, August 29th, 2014
I am in quasi vacation mode for the holiday weekend so blogging will turn sparse once I get through my early morning reading.
Have a great weekend.
JJJ
Posted in Uncategorized | Comments Off on Administrative Note
Friday, August 29th, 2014
Via the FT:
US economy: ‘pent up wage deflation’ blues
Gavyn Davies | Aug 29 09:30 | 1 comment | Share
“Pent up wage deflation” is an unfamiliar and somewhat abstruse term dropped into the economic lexicon last week by Janet Yellen ...
Posted in Uncategorized | Comments Off on Pent Up Wage Deflation
Friday, August 29th, 2014
The Treasury yield curve is somewhat steeper overnight. The 5s 10s spread which closed in New York at 70.4 is now 70.6 and 5s 30s which closed at 144.1 is now 144.8. Dealers report that activity in brokers market suggests someone initiating a steepener or unwinding a profitable flattener. The ...
Posted in Uncategorized | Comments Off on Abbreviated Opening