Archive for August, 2014
Friday, August 22nd, 2014
Via the Good Folks at Bloomberg:
IG CREDIT: BAC Leads $6.16b Issuance Week, Lightest YTD
2014-08-22 14:44:15.225 GMT
By Lisa Loray
Aug. 22 (Bloomberg) -- 5 issuers priced $6.16b from 8
tranches this week, the lowest weekly volume YTD. The majority
of this week’s volume came from BAC’s $4.5b 3-part issuance on
Thursday.
* Aug. volume stands at ...
Posted in Uncategorized | Comments Off on Lightest Corporate Bond Week of year
Friday, August 22nd, 2014
I just came across one dealer noting that he has observed end users buying off the run 3 thought off the run 5s. Earlier dealers reported nothing. Maybe there is a bit of worry about the Ukraine and the equity market is feeling wobbly.
Posted in Uncategorized | Comments Off on Flows
Friday, August 22nd, 2014
Via Jon Hilsenrath of WSJ:
WSJ: Yellen Says Job Market Improving, but Noncommittal About Policy Effect
Federal Reserve Chairwoman Sticks to Previous Interest Rate Guidance in Jackson Hole Speech
By Jon Hilsenrath
JACKSON HOLE, Wyo.—Federal Reserve Chairwoman Janet Yellen pointed to an improving U.S. job market, but was noncommittal about how this progress would ...
Posted in Uncategorized | Comments Off on Hilsenrath Post Yellen
Friday, August 22nd, 2014
I have read the text of the Yellen speech and it was ennui inducing. One complaints which I offered many years ago when I toiled at the Open Market Desk was that a piece of writing was not satisfactory until it was so homogenized and pasteurized as to be stripped ...
Posted in Uncategorized | Comments Off on Post Yellen Commentary
Friday, August 22nd, 2014
Yellen text
Posted in Uncategorized | Comments Off on Yellen Text
Friday, August 22nd, 2014
via the good folks at Bloomberg:
WHAT TO WATCH:
* (All times New York)
Economic Data
* No reports scheduled
Central Banks
* 10:00am: Fed’s Yellen speaks at Kansas City Fed symposium at
Jackson Hole, Wyo.
* 2:30pm: ECB’s Draghi speaks at Jackson Hole
Posted in Uncategorized | Comments Off on What to Watch Today (not much!)
Friday, August 22nd, 2014
- We downplay the significance of the Jackson Hole gathering
- We think of Turkey as entering a period of political stability, but with greater institutional instability
- Canadian CPI is seen as falling after four consecutive months of increases
Price action: Markets are quiet ahead of the weekend and Jackson Hole. The ...
Posted in Uncategorized | Comments Off on FX via Marc Chandler
Friday, August 22nd, 2014
A fully paid up subscriber just forwarded this headline:
UKRAINE SEES RUSSIAN AID CONVOY AS INVASION: INTERFAX - bbg
Posted in Uncategorized | Comments Off on Invasion?
Friday, August 22nd, 2014
I posted earlier some Reuters headlines on the Russian aid convoy which crossed uninvited into the Ukraine earlier. Attached is a BBC story on the event. As an aside the story uses the word "lorries"which is UK for truck. The only other place I have seen that word ( or ...
Posted in Uncategorized | Comments Off on Ukraine Story
Friday, August 22nd, 2014
Prices of Treasury coupon securities have registered modest gains as the world awaits speeches by Janet Yellen and Mario Draghi which should set the near term and intermediate tone for the markets regarding the course of global monetary policy. There was no economic data overnight to move the markets and ...
Posted in Uncategorized | Comments Off on August 22 2014 Opening