Archive for December, 2014
Monday, December 15th, 2014
Via a fully paid up subscriber:
*RUSSIA RAISES KEY RATE TO 17%: CENTRAL BANK WEBSITE STATEMENT
*RUSSIAN RATE INCREASE TO 17% EFFECTIVE DEC. 16
*BANK OF RUSSIA TO RAISE LIMIT ON 28-DAY FX REPO AUCTION TO $5B
*RUSSIAN CENTRAL TO HOLD 1-YR FX REPO AUCTIONS WEEKLY
*BANK OF RUSSIA SAYS SEEKS TO STEM DEVALUATION, INFLATION ...
Posted in Uncategorized | Comments Off on Ruble Rubble
Monday, December 15th, 2014
Via Robert Sinche at Amherst Pierpont Securities:
SWEDEN: Riksbank Rate decision, but with the policy rate at 0.00% not much to do.
CHINA: First look at the Manufacturing Sector for December with the preliminary HSBC/Markit PMI. Index was 50.0 in November, and the BBerg consensus expects 49.8, which would be the first ...
Posted in Uncategorized | Comments Off on Overnight Preview
Monday, December 15th, 2014
Via Bloomberg:
WHAT TO WATCH:
* (All times New York)
Economic Data
* 8:30am: Empire Manufacturing, Dec., est. 12 (prior 10.16)
* 9:15am: Industrial Production m/m, Nov., est. 0.7% (prior
-0.1%)
* Capacity Utilization, Nov., est. 79.3% (prior 78.9%)
* Manufacturing (SIC) Production, Nov., est. 0.6% (prior
0.2%)
* Manufacturing (SIC) Production, Nov., est. 0.6% (prior
0.2%)</li></ul>
* 10:00am: NAHB Housing Market ...
Posted in Uncategorized | Comments Off on What to Watch Today
Monday, December 15th, 2014
Via Marc Chandler at Brown Brothers Harriman:
Drivers for the Week Ahead
- The key event this week is the Federal Reserve’s last meeting of the year
- In terms of forward guidance, there are three phrases that are important
- The Japanese election was largely a foregone conclusion
- Greece's parliament will have three ...
Posted in Uncategorized | 1 Comment »
Monday, December 15th, 2014
Via Bloomberg:
IG CREDIT PIPELINE: GE Cap, JPM Among Historical January Issuers
2014-12-15 10:19:54.838 GMT
By Robert Elson
(Bloomberg) -- The following deals may be added to the IG
calendar in the coming days, weeks, months:
* JPM a likely January issuer, based on historical record
* GE Cap may open 2015 IG issuance
* Bank of India ...
Posted in Uncategorized | Comments Off on Potential January Issuers
Monday, December 15th, 2014
Via the good folks at Bloomberg:
IG CREDIT: Volume Falls, Spreads at New Wides for 2014
2014-12-15 10:46:53.396 GMT
By Robert Elson
(Bloomberg) -- The final Trace count for secondary trading
fell to $10.1b vs $15.3b Thursday and $16b the previous Friday.
* 144a trading added another $1.5b of IG volume
* AAPL 2.40% 2023 topped the ...
Posted in Uncategorized | Comments Off on Secondary market Corporate Bond Trading on Friday
Monday, December 15th, 2014
Prices of Treasury coupon securities have tumbled in overseas trading reversing the some of the gains attained in risk off environment which prevailed on Friday. The belly of the curve has borne the burden of the sell off today (as it has for most of the last nine months). The ...
Posted in Uncategorized | Comments Off on December 15 2015 Opening
Sunday, December 14th, 2014
New York Times columnist, Nobel Prize winner and Princeton Professor, Paul Krugman has challenged the consensus view that the Federal Reserve will hike rates in 2015.He thinks the lack of inflation and weak global economy will keep the central bank in the monetary weeds in the new year.
Via Bloomberg:
Krugman Fighting ...
Posted in Uncategorized | Comments Off on Krugman Bucks the Consensus
Sunday, December 14th, 2014
Marketwatch carries a story on the dangers which cheap oil pose to the heavily dependent on oil Canadian economy:
By Mark DeCambre
Published: Dec 12, 2014 8:18 a.m. ET
NEW YORK (MarketWatch) — While the U.S. financial system — as well as many international banks — has gotten hopped up on a wide ...
Posted in Uncategorized | 1 Comment »
Sunday, December 14th, 2014
Via the FT:
Warnings of a potential bloodbath in bonds
David OakleyAuthor alerts
There is a big disconnect between the US Federal Reserve and the international bond markets. It is a disconnect that could lead to one of the biggest sell-offs in bonds for a long time. Some fund managers even say 2015 ...
Posted in Uncategorized | 2 Comments »