Archive for October, 2014
Friday, October 10th, 2014
Via Bloomberg:
WHAT TO WATCH:
* (All times New York)
Economic Data
* 8:30am: Import Price Index, Sept., est. -0.7% (prior -0.9%)
* Import Price Index y/y, Sept., est. -1.4% (prior -0.4%)
* TBA: Monthly Budget Statement, Sept., est. $82b (prior
$75.1b)
Central Banks
* 9:00am: Fed’s Plosser speaks in New York
* 1:00pm: Fed’s George speaks in McCook, Neb.
* ...
Posted in Uncategorized | Comments Off on What to Watch for Today
Friday, October 10th, 2014
This is an excellent synopsis at Bloomberg which catalogs the low level of inflation and the FOMC's concerns as inflation runs below target for a considerable period (to coin a phrase).
Via Bloomberg:
By Craig Torres Oct 10, 2014 12:00 AM ET
Federal Reserve officials are hunting for new tactics to raise price ...
Posted in Uncategorized | Comments Off on Excellent Bloomberg Article on Inflation
Friday, October 10th, 2014
Via Marc Chandler at Brown Brothers:
Dollar Firms, Focus on Equity and Oil Meltdown
- For the first time in months, the dollar has lost ground against all the major currencies this week
- Yesterday was the lowest close in the S&P 500 since August 7, when the last swoon ended; the main ...
Posted in Uncategorized | Comments Off on FX
Friday, October 10th, 2014
It was on this date one year ago when I resurrected this blog from the dustbins of the blogosphere. I have enjoyed writing it and hope you have enjoyed reading it.
I thank all those who have offered assistance especially old friends and new who provide me with the information that ...
Posted in Uncategorized | 15 Comments »
Friday, October 10th, 2014
Prices of Treasury coupon securities are posting very small losses when measured against levels which prevailed at 900PM lat evening. Volumes in the Treasury market and in the futures market were very heavy and clients were actively engaged. Global equity markets continued the swoon which devoured US equities yesterday. In ...
Posted in Uncategorized | Comments Off on October 10 2014 Opening
Thursday, October 9th, 2014
Via the WSJ:
Economy
Conditions Ripe for Stronger Growth, WSJ Survey Says
Economists Cite Falling Energy Costs as a Positive
By
Kathleen Madigan
Updated Oct. 9, 2014 3:16 p.m. ET
Faster job growth and stronger consumer confidence are already putting the U.S. expansion on a steady trajectory heading into 2015. Now, falling energy prices are offering another ...
Posted in Uncategorized | 1 Comment »
Thursday, October 9th, 2014
Via Merrill Lynch Research
Foreign vs. domestic. With European economic data falling off a cliff - for example today's 5.8% contraction in German exports for August (vs. a consensus contraction of 4.0%) - and ECB President Draghi acknowledging that the European economy is losing momentum, not surprisingly today's 2% sell-off in ...
Posted in Uncategorized | Comments Off on Merrill Lynch on Stock Market Decline and other Topics
Thursday, October 9th, 2014
In one of the opening scenes of Shakespeare's Julius Caesar, Caesar is thrice offered a crown to designate him as Emperor and three times he refuses the offer. Fast forward 21 centuries to the modern era and repeat the same episode with Barack Obama instead of Julius Caesar and I ...
Posted in Uncategorized | Comments Off on Imperial Presidency
Thursday, October 9th, 2014
One of the hallmarks of my operation is that while I may kid around once in awhile I do not lie as in making up stuff. So as I made the rounds of the folks in the dealer community with whom I regularly converse I am not hearing of much ...
Posted in Uncategorized | Comments Off on Treasury Market update
Thursday, October 9th, 2014
Via Bloomberg:
IG CREDIT: At Least $5.85b to Price; Week to Top $20b
2014-10-09 18:51:08.617 GMT
By Lisa Loray
Oct. 9 (Bloomberg) -- At least $5.85b is expected to price
today, the second highest daily issuance this week behind
Monday’s $8.6b. Weekly volume to top $20b, Oct. to more than
$30b and YTD $1.124t.
* After being quiet ...
Posted in Uncategorized | Comments Off on Corporate Issuance Recap