Archive for April, 2015
Tuesday, April 21st, 2015
Via a fully paid up subscriber:
RATES: Barclays Projects Index Duration Changes for May 1 13:53
Barclays estimated the following duration extensions for May 1 as of April 20:
• U.S. Treasury: 0.09yrs
• U.S. Agency: 0.05yrs
• U.S. Credit: 0.07yrs
• U.S. Govt/Credit: 0.08yrs
• U.S. MBS: 0.06yrs
• U.S. Aggregate: 0.08yrs
• U.S. High Yield: 0.10yrs
Posted in Uncategorized | Comments Off on Barclay’s Index Extensions
Tuesday, April 21st, 2015
Via Bloomberg:
IG CREDIT: List of New Issues Expected to Price in U.S. Today
2015-04-21 14:01:08.702 GMT
By Allan Lopez
(Bloomberg) -- The following is a list of new issues
expected to price today:
* Sinopec Group Overseas Development $benchmark Aa3/AA-
* 5Y, 10Y, 30Y; 144A/Reg S
* Denoms: $200k x $1k
* 5Y final guidance +130, +/- 5 ...
Posted in Uncategorized | Comments Off on Today’s New Issue Calendar
Tuesday, April 21st, 2015
Via Bloomberg:
Fed’s 7Y Stretch of Low Rates Replaced by Fear of Raising Them
2015-04-21 14:37:20.727 GMT
By Vivien Lou Chen
(Bloomberg) -- Fed’s “patient” stance on raising rates is
being supplanted by fear over start of 1st tightening cycle
since 2004-2006, according to Credit Agricole strategist David
Keeble and Thomas di Galoma, ED&F Man’s head of ...
Posted in Uncategorized | 1 Comment »
Tuesday, April 21st, 2015
Via Bloomberg:
Banks Get Paid to Borrow as Three-Month Euribor Drops Below Zero
2015-04-21 09:12:00.229 GMT
By Anchalee Worrachate
(Bloomberg) -- Banks in the euro area can now get paid to
look after each others’ cash for three months as the European
Central Bank’s bond-buying program floods the region’s money
markets with excess liquidity.
The euro interbank offered ...
Posted in Uncategorized | Comments Off on Negative Euribor
Tuesday, April 21st, 2015
Via Marc Chandler at Brown Brothers Harriman:
Within Ranges, Dollar Firms
- NY Fed President Dudley reaffirmed the idea that the Federal Reserve has a tightening bias
- We think a strong US employment report in early May could spur a sharp swing in the pendulum of expectations for a Fed hike, catching ...
Posted in Uncategorized | Comments Off on FX
Tuesday, April 21st, 2015
Via Bloomberg:
WHAT TO WATCH:
* (All times New York)
* Economic Data
* No data
* No data</li></ul>
* Supply
* 11:30am: U.S. to sell $30b 4W bills
Posted in Uncategorized | Comments Off on What to Watch Today: Very Little
Monday, April 20th, 2015
Steve Liddy is a good friend and former colleague and assiduous observer of the marketplace. He sends along this Bloomberg story on retail piling into TIPS funds.
Via Bloomberg:
Inflation-Linked ETF Attracts Most Cash Ever as Prices Pick Up
2015-04-20 21:16:01.160 GMT
By Alexandra Scaggs
(Bloomberg) -- Investors are betting on higher inflation,
and sending more ...
Posted in Uncategorized | 2 Comments »
Monday, April 20th, 2015
Via Robert Sinche of Amherst Pierpont Securities:
Chinese Premier Xi Jinping and Japanese PM Abe to both speak at a conference in Indonesia, speeches that may provide new information about the tensions over territorial disputes.
AUSTRALIA: Minutes of the April Meeting of the RBA may shed light on the potential for additional ...
Posted in Uncategorized | Comments Off on Overnight Preview
Monday, April 20th, 2015
Via Bloomberg:
IG CREDIT: List of New Issues Expected to Price in U.S. Today
2015-04-20 14:01:00.11 GMT
By Allan Lopez
(Bloomberg) -- The following is a list of new issues
expected to price today:
* Southern Copper $benchmark Baa2/BBB
* 10Y, 30Y
* IPT 10Y +240 area, 30Y +365 area
* Books: BofAML, CS, HSBC, MS, UBS
* Books: BofAML, ...
Posted in Uncategorized | Comments Off on Corporate Bond Issuance Today
Monday, April 20th, 2015
I saw this this morning on Bloomberg TV while I was on the elliptical machine and it does not seem as though it is generating much discussion. In the article it sounds as though this is a bit of a one off but the article does make the point that ...
Posted in Uncategorized | Comments Off on China Property Developer Defaults