Archive for September, 2014
Tuesday, September 9th, 2014
The Treasury will sell $27 billion 3 year notes at 100PM New York time which I will continue to regard forever as the only time. Anyway. the issue recently traded at nearly 1.06 percent and that makes it the highest yielding three year note since April 2011. One market maker ...
Posted in Uncategorized | Comments Off on Three Year Note Auction
Tuesday, September 9th, 2014
I engaged in a conversation this morning with a market maker who is privy to some large client flows. He said that in the overnight session Asian central banks were better sellers but during European time and into New York time European central banks are much better buyers. US clients ...
Posted in Uncategorized | Comments Off on Treasury Market Update
Tuesday, September 9th, 2014
Via Bloomberg:
Nederlandse Waterschaps Bank 1.25 Aaa/AA+ bln 3 yr
launched ms +2 baml,c,td
The Dow Chemcial Company B'Mark Baa2/BBB 3 part 10, 20 & 30, yr
3 mo par call prior on 10 yr
6 mo 20 ...
Posted in Uncategorized | Comments Off on Long Corporate Bond List
Tuesday, September 9th, 2014
The latest ABC/ Washington Post poll shows that by a 52 42 percent margin Americans now view President Obama's Presidency as a failure rather than a success.
Posted in Uncategorized | Comments Off on What the hell took them so long?
Tuesday, September 9th, 2014
All Clients
Long Neutral Short
Sept 08 11 53 36
Sept 02 11 49 40
Aug 25 13 53 34
Active Clients
Sept 08 8 46 46
Sept 02 8 31 61
Aug 25 8 46 46
September 8, 2014
In the all clients survey, the percent of longs were unchanged, the percent of neutrals increased by 4, ...
Posted in Uncategorized | Comments Off on JPM Duration Survey
Tuesday, September 9th, 2014
The good folks at Bloomberg also noted that the yield on the 10 year note is above its 50 day moving average for the first time since July 31.
Via Bloomberg:
* 10Y and 30Y yields closed at highest levels since early/mid
August, while 2Y-5Y yields retraced a portion of the
declines spurred by ...
Posted in Uncategorized | Comments Off on Moving Average
Tuesday, September 9th, 2014
Via the good folks at Bloomberg:
WHAT TO WATCH:
* (All times New York)
Economic Data
* 7:30am: NFIB Small Business Optimism, Aug., est. 96.0 (prior
95.7)
* 10:00am: JOLTs Job Openings, July, est. 4.7m (prior 4.671m)
Central Banks
* 10:00am: Fed’s Tarullo testifies to Senate Banking Committee
* 9:30pm: Bank of Japan’s Iwata speaks in Kanazawa City
Supply
* 11:30am: ...
Posted in Uncategorized | Comments Off on What to Watch
Tuesday, September 9th, 2014
Via Mark Chandler at Brown Brothers Harriman:
Dollar Positive Consolidation
- There are both foreign and domestic drivers of the dollar's strength
- Yesterday's San Francisco Fed paper indicated that investors are under-estimating how quickly policy makers could raise key borrowing costs relative to Fed officials
- The euro's decline has accelerated following the ...
Posted in Uncategorized | Comments Off on FX
Tuesday, September 9th, 2014
*CARNEY SAYS BOE RATE RISE BY SPRING 2015 CONSISTENT WITH GOAL
2014-09-09 10:45:00.1 GMT
Posted in Uncategorized | Comments Off on Carney headline
Tuesday, September 9th, 2014
Prices of Treasury coupon securities have sagged in overnight trading with the 10 year note testing the 2.50 level. Other bond markets have also flagged as the 10 year Bund has traded back to 1 percent and the Spanish 10 year which has been 'en fuego" has retreated,too. Separately, the ...
Posted in Uncategorized | Comments Off on September 09 2014 Opening