Archive for August, 2014
Thursday, August 21st, 2014
Via TDSecurities:
UK & Europe
EURBoth the German manufacturing and services PMIs registered small falls, but these falls were much smaller than had been expected after last week’s sharp fall in the German ZEW data. The details of the German PMIs continue to be decent but were mixed. In the manufacturing PMI, ...
Posted in Uncategorized | Comments Off on Europe PMI Analysis
Thursday, August 21st, 2014
*FED'S GEORGE SPEAKS IN BLOOMBERG TV INTERVIEW IN JACKSON HOLE
*GEORGE SAYS SOME BENCHMARKS SIGNAL RATES SHOULD BE ABOVE ZERO
*GEORGE SAYS U.S. IS `NOT FAR' FROM FULL EMPLOYMENT
*FED’S GEORGE SAYS BROAD-BASED JOB GAINS SIGNAL RATES CAN RISE
Posted in Uncategorized | Comments Off on Hawk Speaks
Thursday, August 21st, 2014
Via a fully paid up subscriber
US TSYS: Prelim Barclays extensions for Sep 1:
- US Tsys +0.12 yrs
- Agencies: +0.03 yrs
- Credit: +0.05 yrs
- Govt/Credit: +0.09 yrs
- MBS: +0.07 yrs
- Aggregate: +0.09 yrs
- Long Govt/Credit: +0.11 yrs
- Intermed Credit: +0.05 yrs
- Intermed Govt +0.09 yrs
- Intermed Gov/Credit +0.08 yrs
- US High ...
Posted in Uncategorized | Comments Off on Index Extensions
Thursday, August 21st, 2014
Via Marc Chandler at Brown Brothers Harriman:
- Some of the financial market trends that have been dormant for some time seem to be starting up again
- In the currency markets, many are getting excited about the possible continuation of the bullish dollar trend
- The FOMC minutes, the dissent in the ...
Posted in Uncategorized | Comments Off on FX
Thursday, August 21st, 2014
Prices of Treasury coupon securities have registered modest declines in overnight trading as the ripple effect of the hawkishly received minutes courses through the market. The yield on the 5 year note has climbed a basis point to 1.642 percent(comparison versus 500PM New York). The yield on the 10 year ...
Posted in Uncategorized | Comments Off on August 21 2014 Opening (Abbreviated)
Thursday, August 21st, 2014
Dealers report real money interest in the 10 year sector and central banks buying short coupons and bills and 2 year notes.
Posted in Uncategorized | Comments Off on Overnight Flow
Thursday, August 21st, 2014
What to Watch for today via the good folks at Bloomberg:
* (All times New York)
Economic Data
* 8:30am: Initial Jobless Claims, Aug. 16, est. 303k (prior
311k)
* Continuing Claims, Aug. 9, est. 2.520m (prior 2.544m)
* 9:45am: Markit U.S. Manufacturing PMI, Aug. preliminary,
est. 55.7 (prior 55.8)
* 9:45am: Bloomberg Consumer Comfort, Aug. 17 (prior ...
Posted in Uncategorized | Comments Off on What to Watch Today
Thursday, August 21st, 2014
I see 10 year US/Germany at a record wide of 143.7. One can also sell 10 year Spain and buy the still investment grade 10 year Treasury and pick 7 basis points.
Posted in Uncategorized | Comments Off on Record Wide
Thursday, August 21st, 2014
The Japan Post group has been a large seller of yen recently as it flees the low yields in its home country for greater returns overseas. Here is a pertinent excerpt from a Japan newspaper:
Indeed, Japan Post's insurance unit has been boosting investments in foreign assets, as has its ...
Posted in Uncategorized | Comments Off on A Yen to Sell
Thursday, August 21st, 2014
Retail sales in the UK increased 2.6 from one year ago but the change from the previous month was a gain of just 0.1 percent. Analysts had predicted a month on month gain of 0.4 percent.
Analysts also noted that consumer spending on food declined for the first in twenty five ...
Posted in Uncategorized | Comments Off on UK Retail Sales