Archive for November, 2014
Friday, November 14th, 2014
Via Bloomberg:
IG CREDIT: Spreads at or Near New 2014 Wides; RIOOIL, BABA
2014-11-14 11:36:07.297 GMT
By Robert Elson
Nov. 14 (Bloomberg) -- The final Trace count for secondary
trading was $15.5b vs $17.5b Wednesday and $16.4b the previous
Thursday. 10-DMA at $13.9b; 10-DMA of only Thursday sessions
$15.5b.
* 144a trading added another $2.1b of IG volume
* ...
Posted in Uncategorized | Comments Off on Secondary Market Corporate Bond Spreads
Friday, November 14th, 2014
Via Mark Chandler at Brown Brothers Harriman:
Dollar Firmer Ahead of US Retail Sales
- The main theme this week has been the heavy tone of both sterling and the yen, while the euro has traded quietly
- The euro edged toward the SNB’s floor near CHF1.20
- GDP data out of Eastern Europe ...
Posted in Uncategorized | Comments Off on FX
Friday, November 14th, 2014
The International Energy Agency is out with a gloomy report on the outlook for oil prices.
Via the UK Telegraph:
By Andrew Critchlow, Commodities editor
9:51AM GMT 14 Nov 2014
The rout which has sent oil prices to a four-year low is expected to deepen, the International Energy Agency warned in its latest ...
Posted in Uncategorized | Comments Off on Oil
Friday, November 14th, 2014
Prices of Treasury coupon securities have registered mixed changes in overnight trading. The yield on the benchmark 5 year note declined to 1.617 from 1.622 at the close of New York trading yesterday. The yield on the 7 year note is actually unchanged at 2.035. The yield on the 10 ...
Posted in Uncategorized | Comments Off on November 14 2014 Opening
Thursday, November 13th, 2014
I have not been the best blogger lately and I apologize for that but sometimes life intervenes.
TIPS were under severe pressure today as oil and gasoline futures both broke down. I never follow 2 year TIPS but one trader in an email noted that 2 year TIPS breakevens had declined ...
Posted in Uncategorized | Comments Off on TIPS
Thursday, November 13th, 2014
Via CRT Capital;
*** The auction met a soft reception with a 1.3 bp tail and non-dealer bidding at 57.5% vs. 63% norm ***
* 30-year auction stops at 3.092% vs. a 3.079% 1-pm bid WI.
* Dealers were awarded 42.5% vs. 37% average of last four 30-year Refundings.
* Indirects get 43.8% vs. ...
Posted in Uncategorized | 1 Comment »
Thursday, November 13th, 2014
Via Bloomberg:
HAT TO WATCH:
* (All times New York)
Economic Data
* 8:30am: Initial Jobless Claims, Nov. 8, est. 280k (prior
278k)
* Continuing Claims, Nov. 1, est. 2.347m (prior 2.348m)
* Continuing Claims, Nov. 1, est. 2.347m (prior 2.348m)</li></ul>
* 8:45am: Bloomberg U.S. Economic Survey, Nov.
* 9:45am: Bloomberg Consumer Comfort Index, Nov. 9 (prior
38.1)
* 10:00am: JOLTS ...
Posted in Uncategorized | Comments Off on What to Watch for Today
Thursday, November 13th, 2014
A first run of long dated financial paper shows that sector unchanged this morning.
The IG 23 is also unchanged at 64 / 64 1/2.
Posted in Uncategorized | Comments Off on Corporate Bond Opening
Thursday, November 13th, 2014
Via Blomberg:
IG CREDIT: Volume Higher as Spreads at or Near 2014 Wides
2014-11-13 11:19:44.83 GMT
By Robert Elson
Nov. 13 (Bloomberg) -- The final Trace count for secondary
trading was $17.5b vs $10.4b Monday and $14b the previous
Wednesday. 10-DMA at $13.2b; 10-DMA of only Wednesday sessions
$15.8b, the highest day of the week.
* 144a trading ...
Posted in Uncategorized | Comments Off on Secondary Market Corporate Bond Trading Yesterday
Thursday, November 13th, 2014
Via Marc Chandler at Brown Brothers Harriman:
Dollar Softens as Consolidation Continues
- The dollar is trading with a softer tone, perhaps in part to Dudley’s comments about the risks of premature tightening
- Japanese markets continue to sway to the tune of speculation about Abe’s ...
Posted in Uncategorized | Comments Off on FX