Archive for April, 2015
Wednesday, April 15th, 2015
Via Bloomberg:
WHAT TO WATCH:
* (All times New York)
* Economic Data
* 7:00am: MBA Mortgage Applications, April 10 (prior 0.4%)
* 8:30am: Empire Manufacturing, April, est. 7.17 (prior
6.9)
* 9:15am: Industrial Production, March, est. -0.3% (prior
0.1%)
* Capacity Utilization, March., est. 78.6% (prior
78.9%)
* Manufacturing (SIC) Production, March, est. 0.1%
(prior -0.2%)
* Manufacturing (SIC) Production, March, est. ...
Posted in Uncategorized | Comments Off on What to Watch Today
Wednesday, April 15th, 2015
Via Bloomberg:
IG CREDIT: PETBRA Issues Led Volume; 2 Set to Price Today
2015-04-15 09:36:39.45 GMT
By Robert Elson
(Bloomberg) -- Secondary IG trading ended with a Trace
count of $13.1b vs $10.9b Monday, $14.6b last Tuesday.
* 10-DMA $13.1b
* 144a trading added $2.4b of IG volume vs $2b on Monday,
$2.1b last Tuesday
* Most active issues:
* ...
Posted in Uncategorized | Comments Off on Secondary market Corp Bond Trading Yesterday
Wednesday, April 15th, 2015
Via Marc Chandler at Brown Brothers Harriman:
Dollar Recoups Losses
- The US dollar has recouped much of the ground lost yesterday in response to the US retail sales report
- The softer Chinese data was the dominant feature of the overnight session
- Indicative pricing in the OIS market is consistent with about ...
Posted in Uncategorized | Comments Off on FX
Tuesday, April 14th, 2015
Via the FT:
EconomyChina's March data is where the real gloom is
16 minutes ago
URL
Twitter
China GDP might have met Beijing's target for the first quarter, but the latest data on March gave bears a lot to munch on.
Alongside first-quarter GDP growth showing 7 per cent year-on-year growth, China's statisticians said retail growth ...
Posted in Uncategorized | Comments Off on Soft patch in China Data
Tuesday, April 14th, 2015
Percy Sledge recorded one of the longer lasting hits of the 1960 with his soulful rendition of "When A Man Loves a Woman". The NYTimes reports that Sledge died today at the age of 74.
Via the New York Times:
Percy Sledge, Who Sang ‘When a Man Loves a Woman,’ Dies at ...
Posted in Uncategorized | Comments Off on Aging Baby Boomer Alert
Tuesday, April 14th, 2015
Via the WSJ:
By Dan Molinski
April 14, 2015 7:55 p.m. ET
0 COMMENTS
Like many other oil-field workers, Chris Sabulsky spent years working a schedule known as “14 on, 14 off:” two weeks at an oil or gas well somewhere followed by another 14 days at home in East Texas, fishing for bass ...
Posted in Uncategorized | Comments Off on Oil Patch layoffs Surge
Tuesday, April 14th, 2015
Last evening I posted this piece on the comments of Simon Potter, a senior executive at the Federal Reserve Bank of New York, who mused on the possibility of another Flash Crash ala October 15 2015. The FT today reports that in his comments he called on dealers to be ...
Posted in Uncategorized | Comments Off on More on Liquidity
Tuesday, April 14th, 2015
Merrill Lynch research suggests that the weak retail sales report released today will be revised away as more complete data becomes available. The Merrill economists note that was the pattern last year at the end of the Polar Vortex winter.
Via Merrill Lynch Research:
Fool me once, fool me twice.A disappointing Retail ...
Posted in Uncategorized | Comments Off on Merrill Lynch on Retail Sales and Other Stuff
Monday, April 13th, 2015
The so called "Flash Crash" in the Treasury market last October 15 was a traumatic event for traders and a source of angst for regulators. Regulators have expressed abundant concern about the lack of liquidity in the market that day as prices gyrated wildly.
Simon Potter is a major domo at ...
Posted in Uncategorized | Comments Off on Flash Crash Redux?
Monday, April 13th, 2015
Via the WSJ:
CFO Journal
Corporate Pension Funds Pile Into Bonds
By Vipal Monga And
Mike Cherney
Updated April 13, 2015 7:53 p.m. ET
Corporate pension plans have become a force to be reckoned with in the bond markets.
For the first time in more than a decade, large pension funds hold more bonds than stocks. Their ...
Posted in Uncategorized | Comments Off on Food Fight Among Pension Funds for Bonds