Archive for April, 2015
Monday, April 27th, 2015
Via Gennadiy Goldberg at TDSecurities:
Where the Risks Lie
Treasury investors are sitting on their hands as the market looks to gauge the tone of the economic recovery from this week’s barrage of key data. Wednesday’s FOMC meeting also poses a risk for the market, but with no press conference or Summary ...
Posted in Uncategorized | Comments Off on Risks in Treasury Market
Monday, April 27th, 2015
via CRT Capital
Today at 1:11 PM
** 2-yr auction stops at 54 bp, 0.1 bp tail
-- indirects take 38.1% vs 41.8% six-month average.
-- directs take 14.6% vs 14.6% six-month average.
-- dealer take 47.3 vs 43.7% six-month average.
-- bid-to-cover comes in at 3.30 vs. 3.45 six month average and 3.55 in Q1.
-- ...
Posted in Uncategorized | Comments Off on Weak Two Year Auction
Monday, April 27th, 2015
Today the 50 day moving average yield on the Long Bond crossed above the 100 day moving average. The 50 day average dropped below the 100 day average in February 2014.
Thanks to Steve Liddy a former colleague for the heads up on that one.
Posted in Uncategorized | Comments Off on Bearish Signal
Monday, April 27th, 2015
Via Robert Sinche at Amherst Pierpont Securities:
AUSTRALIA: ANZ Weekly Consumer Comfort Index, only of interest because of a recent break to lowest level in 9 months.
JAPAN: Retail Sales for March are likely to show a HUGE drop (BBerg consensus -7.5% YOY…and probably worse) in sales compared to March 2014 that ...
Posted in Uncategorized | Comments Off on Overnight Preview
Monday, April 27th, 2015
Via Bloomberg:
IG CREDIT: List of New Issues Expected to Price in U.S. Today
2015-04-23 14:02:38.179 GMT
By Allan Lopez
(Bloomberg) -- The following is a list of new issues
expected to price today:
* AT&T $benchmark Baa1/BBB+
* Long 5Y fxd and/or FRN, Long 7Y, 10Y, 20Y, 31Y
* IPT long 5Y +140, long 7Y +155, 10Y ...
Posted in Uncategorized | Comments Off on Corporate Issuance
Monday, April 27th, 2015
Former President George Bush (the son) has rarely waded into the political arena since he departed that office in January 2001. Bloomberg reports that at a recent gathering of GOP donors hhe broke that relative silence and attacked the incumbent President for his policies in the Mideast.
Via Bloomberg:
APR 26, 2015 ...
Posted in Uncategorized | 4 Comments »
Monday, April 27th, 2015
The WSJ is carrying an article on nascent discussions among high ranking officials in Europe on the "what ifs " if Greece does default on its pile of debt.
Via the WSJ:
By
GABRIELE STEINHAUSER in Riga, Latvia, and
NEKTARIA STAMOULI in Athens
April 26, 2015 5:40 p.m. ET
4 COMMENTS
Greek Prime Minister Alexis Tsipras spoke ...
Posted in Uncategorized | 1 Comment »
Monday, April 27th, 2015
Via the WSJ:
By
ELEANOR WARNOCK
Updated April 27, 2015 6:05 a.m. ET
0 COMMENTS
TOKYO—Fitch Ratings downgraded Japan’s credit rating Monday, highlighting the challenges that Prime Minister Shinzo Abe’s administration faces in trying to stoke growth while dealing with the nation’s towering public debt.
Fitch downgraded Japan’s long-term foreign and local credit issuer rating by ...
Posted in Uncategorized | Comments Off on Fitch Downgrades Japan
Monday, April 27th, 2015
Via Marc Chandler at Brown Brothers Harriman:
Drivers for the Week Ahead
- Investors will be looking through the FOMC statement and the US Q1 GDP report for clues that a June hike may be off the table
- American households are set to step up their consumption and downside pressure on ...
Posted in Uncategorized | Comments Off on FX
Monday, April 27th, 2015
Cutting and Pasting Today From Thomas Jefferson's Backyard and Via the Good Folks at Bloomberg:
WHAT TO WATCH:
* (All times New York)
* Economic Data
* 9:45am: Markit US Composite PMI, April preliminary
(prior 59.2)
* Markit U.S. Services PMI, April preliminary, est.
58.8 (prior 59.2)
* Markit U.S. Services PMI, April preliminary, est.
58.8 (prior 59.2)</li></ul>
* 10:30am: ...
Posted in Uncategorized | Comments Off on What to Watch Today