Archive for September, 2014
Thursday, September 25th, 2014
Via Millan Mulraine at TDSecurities :
Headline durable goods orders declined sharply in August, falling at a 18.2% m/m pace. This, however, represents a giveback from the 22.5% m/m surge the month before. The decline was driven almost exclusively by the 74.3% m/m decline in aircraft orders, following the 315.6% m/m ...
Posted in Uncategorized | Comments Off on Durables and Claims
Thursday, September 25th, 2014
Via Bloomberg:
IG CREDIT: List of New Issues Expected to Price in U.S. Today
2014-09-25 13:39:41.609 GMT
By Greg Chang
Sept. 25 (Bloomberg) -- The following is a list of new
issues expected to price today.
* OKB $benchmark Aaa/AA+
* 7Y Global
* Spread set at MS+7 vs IPT MS+7 area
* Books: Barclays, C, DB, JPM
* International ...
Posted in Uncategorized | Comments Off on Corporate issuance Today
Thursday, September 25th, 2014
Via fully paid up subscriber across the pond:
hearing japanese buying of bunds on this uptick also goldman deal just prices, E1b in 10y bonds
Posted in Uncategorized | Comments Off on Bund buyer
Thursday, September 25th, 2014
Via the good folks at Bloomberg:
WHAT TO WATCH:
* (All times New York)
Economic Data
* 8:30am: Initial Jobless Claims, Sept. 20, est. 296k (prior
280k)
* Continuing Claims, Sept. 13, est. 2.440m (prior 2.429m)
* 8:30am: Durable Goods Orders, Aug., est. -18% (prior 22.6%)
* Durables Ex Transportation, Aug., est. 0.6% (prior
-0.8%, revised -0.7%)
* Capital Goods ...
Posted in Uncategorized | Comments Off on What to Watch Today
Thursday, September 25th, 2014
Via Marc Chandler at Brown Brothers Harriman
Dollar Rally Gains Momentum
- Australian and New Zealand central bank officials may have given a bit of a push against their currencies, but their assessment has been consistently articulated
- The euro is trading at new lows, moving beyond our near-term target of $1.2750
- Eurozone ...
Posted in Uncategorized | Comments Off on FX
Thursday, September 25th, 2014
Via a fully paid up subscriber:
FED'S FISHER SAYS MARKET ASSUMING FED TO START RAISING RATES BETWEEN
SPRING AND SUMMER 2015, I WOULD SAY SOONER RATHER THAN LATER
Posted in Uncategorized | Comments Off on Fed’s Fisher
Thursday, September 25th, 2014
I just received another dealer email which I did not have earlier and this trader reports solid central bank buying in the belly of the curve.
Posted in Uncategorized | Comments Off on Opening Addendum
Thursday, September 25th, 2014
Bloomberg has for many years dominated trading desks at dealers and clients. It has been the primary means of communications between dealers and customers but efforts are underway to supplant that monopoly. Goldman Sachs has assembled a consortium of dealers who will buy out a start up which has developed ...
Posted in Uncategorized | Comments Off on Chatting Competition
Thursday, September 25th, 2014
Prices of Treasury coupon securities have posted modest gains in a lackluster overnight trading session. Central bank speak dominated a session notable for a lack of market moving economic data. Mario Draghi submitted to an interview with a Lithuanian magazine and among other things reiterated that he is prepared to ...
Posted in Uncategorized | Comments Off on September 25 2014 Opening
Thursday, September 25th, 2014
Federal Reserve Bank of New York Executive Vice President Potter ( a man who until now has remained invisible in the penumbras of monetary policy) spoke in Japan overnight and commented that when the FOMC begins to raise rate it will be a learning process. I am not sure how ...
Posted in Uncategorized | Comments Off on Learning Process