Archive for March, 2015
Monday, March 2nd, 2015
I just found this in a site called ETF Trends.
Money is pouring into corporate bond ETFs and some of the buyers have turned to the funds because they believe that there is increased liquidity in that instrument. That is an extremely facile and simplistic view as the fund which manages ...
Posted in Uncategorized | 3 Comments »
Monday, March 2nd, 2015
Via Bloomberg:
WHAT TO WATCH:
* (All times New York)
Economic Data
* 8:30am: Personal Income, Jan., est. 0.4% (prior 0.3%)
* Personal Spending, Jan., est. -0.1% (prior -0.3%)
* PCE Deflator m/m, Jan., est. -0.5% (prior -0.2%)
* PCE Deflator y/y, Jan., est. 0.1% (prior 0.7%)
* PCE Core m/m, Jan., est. 0.1% (prior 0%)
* PCE Core ...
Posted in Uncategorized | Comments Off on What to Watch Today
Monday, March 2nd, 2015
Via Marc Chandler at Brown Brothers Harriman:
Drivers for the Week Ahead
- This week, there will be four major central bank meetings (BOE, ECB, RBA and BOC) and the US employment report
- The PBOC explained the rate cut on Sunday in terms of a decline in inflation, which results in an ...
Posted in Uncategorized | Comments Off on FX
Monday, March 2nd, 2015
Via Bloomberg:
IG CREDIT: PETBRA Issues Led Trading; ACT May Be Today
2015-03-02 10:40:33.106 GMT
By Robert Elson
(Bloomberg) -- Secondary IG trading ended with a Trace
count of $16.4b Friday vs $17.8b Thursday, $13.4b the previous
Friday. 10-DMA $15.9b.
* 144a trading added $1.8b of IG volume Friday vs $2b
Thursday, $2.4b last Friday
* Most active issues ...
Posted in Uncategorized | Comments Off on Secondary Corporate Bond Trading on Friday
Monday, March 2nd, 2015
The Treasury market is about a basis point cheaper across the curve when compared to Friday closing levels. Within that context the moves along the curve are miniscule and where the curve has moved it is in tenths of a basis point.
Dealers report Japanese pension fund buyers of 2s 5s ...
Posted in Uncategorized | Comments Off on Overnight Flow
Sunday, March 1st, 2015
Via the WSJ:
U.S. bond investors are behaving as if they have all the time in the world. They don’t.
The Fed is gearing up for its first rate increase in eight years, a potential killjoy for fixed-income markets. But historically low yields in the U.S. Treasury market suggest investors are betting ...
Posted in Uncategorized | Comments Off on Wage Pressures and the Fed
Sunday, March 1st, 2015
I generally decry the folks who tout income inequality and the disaster that is for the middle class. The Progressive left advocates taking from those who have and spreading the wealth around ( to quote the incumbent President when he was seeking office and conversing with Joe the Plumber) to ...
Posted in Uncategorized | 3 Comments »