Archive for September, 2014
Monday, September 8th, 2014
A fully paid up subscriber situated in the UK has forward this brief note on upcoming poll releases on the Scottish independence vote.
Via a fully paid up subscriber:
UK/Scotland Referendum: Number of desks asking about any future
polls for the vote, as it stands we see the following (list is
not exhaustive):
September 9th: ...
Posted in Uncategorized | Comments Off on Polls on Scottish Vote
Monday, September 8th, 2014
I subscribe to Stratfor a private intelligence service and a firm specializing in geopolitical analysis. This piece is a bit dated (Aug23 ) but I think the analysis of potential US options in the war with radical Islamic group ISIS is still quite relevant particulary with President Obama addressing the ...
Posted in Uncategorized | Comments Off on Stratfor on Options Available to US in Confronting ISIS
Monday, September 8th, 2014
Via Bloomberg:
IG CREDIT: Weekly Issuance Tops $58b and Sets YTD Record
2014-09-08 11:35:27.609 GMT
By Lisa Loray
Sept. 8 (Bloomberg) -- 37 issuers priced $58.1b in 62
tranches over three sessions in the week ending Sept. 5, the
highest weekly volume YTD.
* YTD volume $985.28b
* Financials (68.2%) outpaced corporates (15.5%)
* 10Y (33.1%) was the most ...
Posted in Uncategorized | Comments Off on Recap of Last Week’s Issuance Tsunami
Monday, September 8th, 2014
This is for those in the hoi polloi who are not gastronomically discriminating.
Posted in Uncategorized | 1 Comment »
Monday, September 8th, 2014
Via CRT Capital:
Returning to more germane supply considerations for the Treasury market; starting tomorrow we’ll see $27 bn 3-years, $21 bn 10-years, and $13 bn 30-years – all unchanged from the prior month. The gross total of $61 bn will be only partially offset by $32 bn of maturities, leaving ...
Posted in Uncategorized | Comments Off on CRT Capital on Supply This Week
Monday, September 8th, 2014
Via Bloomberg:
WHAT TO WATCH:
* (All times New York)
Economic Data
* 3:00pm: Consumer Credit, July, est. $17.4b (prior $17.255b)
Central Banks
* 7:50pm: Bank of Japan releases Aug. 7-8 meeting minutes
Supply
* 11:00am: Fed to purchase $950m-$1.15b in 2036-2044 sector
* 11:00am: U.S. to announce plans for auction of 4W bills
* 11:30am: U.S. to sell $26b ...
Posted in Uncategorized | Comments Off on What to Watch Today (Not too Much)
Monday, September 8th, 2014
Via Marc Chandler at Brown Brothers Harriman:
- Draghi has once again demonstrated a boldness that surprised the market
- It is not clear how much the ECB's balance sheet will expand
- The latest YouGov poll on the Scottish referendum shows the "yes" camp has gained some momentum in recent weeks
- The ...
Posted in Uncategorized | Comments Off on FX
Monday, September 8th, 2014
Last week saw the heaviest weekly issuance for the year as pent up supply hit the market. Some 59 billion priced last week and a Bloomberg sponsored survey suggests 25 to 30 billion this week.
Here is the story on secondary market trading via Bloomberg:
IG CREDIT: Highest Volume Friday Since May; ...
Posted in Uncategorized | Comments Off on Secondary Market Corporate Bond Trading
Monday, September 8th, 2014
Prices of Treasury coupon securities have registered solid gains in overnight trading with the belly of the Treasury curve the best performer. I think the catalyst for the move is the newly delivered uncertainty regarding the Scottish independence vote as a weekend poll for the first time revealed majority support ...
Posted in Uncategorized | Comments Off on September 08 2014 Opening
Sunday, September 7th, 2014
The WSJ has posted an article on a little followed piece of the economic which has ascended in to prominence when it motivated sharp downward revisions to Q1 GDP. This week on Thursday the Commerce Department will release the Quarterly Services Survey which chronicles consumer spending at law offices and ...
Posted in Uncategorized | 1 Comment »