Archive for March, 2015
Tuesday, March 31st, 2015
Via Bloomberg:
Elevated GC Repo Reflects Reluctance to Add to Balance Sheets
2015-03-31 12:47:56.462 GMT
By Alexandra Harris
(Bloomberg) -- UST GC repo trading around 50bps/35bps at
quarter-end amid regulations forcing largest banks to hold more
collateral on their balance sheets.
* Mortgage repo traded as high as 70bps, according to TD
Securities
* Raised levels expected within dealer ...
Posted in Uncategorized | Comments Off on High Repo Rates
Tuesday, March 31st, 2015
Via a fully paid up subscriber:
German Two-Year Note Yield Drops to Record-Low Minus 0.257%
Posted in Uncategorized | Comments Off on Crazy
Tuesday, March 31st, 2015
Via Bloomberg:
Fed’s Lacker Sees ‘Strong’ Case to Raise Rates at June Meeting
2015-03-31 11:53:48.660 GMT
By Jeff Kearns
(Bloomberg) -- Federal Reserve Bank of Richmond President
Jeffrey Lacker said the main interest rate should be raised in
June amid a stronger job market, consumer-spending growth and
inflation heading back toward the Fed’s target.
“A strong case can ...
Posted in Uncategorized | 2 Comments »
Tuesday, March 31st, 2015
Via Bloomberg:
WHAT TO WATCH:
* (All times New York; may be subject to delays)
Economic Data
* 9:00am: ISM Milwaukee, March, est. 51.5 (prior 50.32)
* 9:00am: S&P/Case-Shiller 20 City m/m SA, Jan., est. 0.6%
(prior 0.87%)
* S&P/CS 20 City y/y, Jan., est. 4.6% (prior 4.46%)
* S&P/CS 20 City NSA, Jan., est. 172.90 (prior 173.02)
* ...
Posted in Uncategorized | Comments Off on What to Watch Today
Tuesday, March 31st, 2015
Via Marc Chandler at Brown Brothers Harriman:
Dollar Back on Top as Q1 Ends
- The US dollar is finishing the month as it began, with underlying strength
- The Fed's leadership continues to point to a rate increase sometime in the June-September period
- The month-end, quarter-end, and fiscal year-end flows, ahead of ...
Posted in Uncategorized | Comments Off on FX
Tuesday, March 31st, 2015
Via Bloomberg:
RATES: Longs and Shorts Rise in Latest JPM Survey
2015-03-31 11:14:31.630 GMT
By Robert Elson
(Bloomberg) -- The JPMorgan Treasury Client Survey for the
week ended March 30 vs weeks ended Mar. 23, 16.
* Longs 13 vs 9 vs 11
* Neutrals 65 vs 71 vs 67
* Shorts 22 vs 20 vs 22
* Net ...
Posted in Uncategorized | Comments Off on JPM Duration Survey
Monday, March 30th, 2015
Via Robert Sinche at Amherst Pierpont Securities:
AUSTRALIA: The BBerg consensus expects February Private Sector Credit Growth to rise 6.3% YOY, which would be the strongest since Jan 2009, although far below the 16.5% peak of December 2007 as consumer spending moderated and capital investment weakened materially in recent years.
S. KOREA: ...
Posted in Uncategorized | Comments Off on Overnight Economic Data
Monday, March 30th, 2015
Via Merrill Lynch Research:
Monday, 30 March 2015
Situation Room
No longer more bang for the buck
US IG credit has compressed significantly to EUR IG and the EUR/USD basis swap has declined further.
As result, on a currency hedged basis there is no longer more attractive value in USD over EUR denominated spreads.
Thus, following ...
Posted in Uncategorized | Comments Off on Eclectic Topic Via Merrill Lynch
Monday, March 30th, 2015
A fully paid up subscriber forwarded this article from the UK Telegraph:
By Andrew Critchlow, Commodities editor
9:01PM BST 29 Mar 2015
Flights to Tehran from Dubai have been crammed in recent months with Western executives flooding into the Iranian capital ahead of a potential lifting of economic sanctions.
Potentially one of the ...
Posted in Uncategorized | Comments Off on Iran Nuke Deal and Oil Prices
Monday, March 30th, 2015
Via Marc Chandler at Brown Brothers Harriman:
Drivers for the Week Ahead
- The calendar impacts the investment climate with reduced liquidity ahead
- Whether Greece remains in the monetary union remains an open question
- Varoufakis has failed to get other debtor countries like Spain, Italy, and France to defect from the consensus
- ...
Posted in Uncategorized | Comments Off on FX