Archive for February, 2015
Sunday, February 15th, 2015
Via Bloomberg:
Deflation Risk Low, Higher Than a Year Ago, Draghi Tells ABC
2015-02-15 17:03:32.256 GMT
By Charles Penty
(Bloomberg) -- Deflation risk remains low, certainly higher
than it was a yr ago, ECB President Mario Draghi tells Spanish
newspaper ABC’s magazine in interview.
* Drop in oil prices is a good thing, can cease to be ...
Posted in Uncategorized | Comments Off on Draghi on Deflation
Sunday, February 15th, 2015
Via Bloomberg:
EU Official: Brussels Greek Talks End Ahead of Feb. 16 Meeting
2015-02-15 15:39:10.883 GMT
By Rebecca Christie
(Bloomberg) -- Technical talks between Greece and euro-area
authorities were not negotiations, EU official says Sunday.
* Greece, euro-area authorities held “exchange of views to
better understand each other’s position,” official says on
condition of anonymity because talks were ...
Posted in Uncategorized | Comments Off on Greece Negotiations
Friday, February 13th, 2015
The internet is rife with reports that Don MacLean will auction the original manuscript and notes to his monster hit "American Pie". The documents are expected to fetch between $ 1million and $1.5 million.
He has never revealed the meaning of the vignettes he offer in that song but the lyrics ...
Posted in Uncategorized | Comments Off on Aging Baby Boomer Alert
Wednesday, February 11th, 2015
Hoisington Asset Management is a modest sized money manager with some very strong views. Van Hoisington and Lacy Hunt provide the reader with an excellent study of the 1920s and the parallels to the current global macro economy. It is a very interesting read.
Posted in Uncategorized | Comments Off on Will History Repeat Itself?
Wednesday, February 11th, 2015
Robert Sinche of Amherst Pierpont Securities on the spate of data scheduled for release this evening:
AUSTRALIA: The BBerg consensus expects notably-unreliable Employment Report for January to show a -5K decline following a strong +37.4K gain in December, with the UR picking up to 6.2% from a 3-month low of 6.1% ...
Posted in Uncategorized | Comments Off on Overnight Data Preview
Wednesday, February 11th, 2015
Via Bank America Merrill Lynch Research:
The current environment of wider spreads and weaker inflows means fewer investors are reaching for yield in less liquid bonds
The likely start of the Fed hiking cycle means lower inflows or outflows from credit and even wider liquidity premiums.
As a result, we continue to prefer ...
Posted in Uncategorized | Comments Off on Bank of America on Spread Widening
Wednesday, February 11th, 2015
Via Greg Ip at the WSJ:
By
Greg Ip
Feb. 11, 2015 7:17 p.m. ET
When the threat of Greek insolvency first erupted in 2010, the worries rapidly spread to the eurozone’s other peripheral economies, sending borrowing costs skyrocketing.
This time around, what’s happened in Greece has stayed in Greece. While yields on Greek bonds ...
Posted in Uncategorized | Comments Off on Benefits of ECB Bond Buying
Wednesday, February 11th, 2015
Via CRT Capital:
We have a mixed outlook on this afternoon's 10-year auction and expect non-dealer interest to be significant, as it has in recent refundings, but are cognizant that might still occur with a tail. Recent history shows all eight of the last 10-year auctions have tailed and average of ...
Posted in Uncategorized | Comments Off on Ten Year Note Auction
Wednesday, February 11th, 2015
Via Bloomberg;
IG CREDIT: List of New Issues Expected to Price in U.S. Today
2015-02-11 15:01:00.2 GMT
By Greg Chang
(Bloomberg) -- The following is a list of new issues
expected to price today:
* Wells Fargo & Co $benchmark A2/A+
* 10Y
* IPT +115-120
* IPT +115-120</li></ul>
* Rockwell Automation $600m (no grow) A3/A
* 5Y, 10Y
* IPT 5Y ...
Posted in Uncategorized | Comments Off on Corporate Bond Issues Today
Sunday, February 8th, 2015
I thoroughly enjoy Bob Dylan though I will admit that listening to him ( and I have for over 50 years) is a bit like learning to enjoy good Scotch. It is an acquired taste. The WSJ has an article on a speech which he delivered at some pre Grammy ...
Posted in Uncategorized | Comments Off on Aging Baby Boomer Alert