Archive for May, 2015
Monday, May 4th, 2015
Via WSJ:
By
Jeffrey Sparshott
May 4, 2015 2:27 p.m. ET
Banks in the U.S. are bracing for defaults on loans to the oil and gas sector amid low oil prices this year, according to a Federal Reserve survey.
“Banks expected delinquency and charge-off rates on such loans to deteriorate over 2015, but ...
Posted in Uncategorized | Comments Off on Banks to Take Hits on Energy Patch Loans
Monday, May 4th, 2015
Via Robert Sinche at Amherst Pierpont Securities:
AUSTRALIA: The BBerg consensus (86%) expects the RBA to initiate another 25bp rate cut to a new record low (2.0%) at its meeting tomorrow. The March Trade Balance is expected at -$A1.0bn, which would be the 11th consecutive monthly deficit as exports to China ...
Posted in Uncategorized | Comments Off on Overnight Data Preview
Monday, May 4th, 2015
This is from Robert Sinche at Amherst Pierpont Securities. I apologize to him and you for deleting the chart he attached as it does not reproduce well on this low rent blog. However,the prose is excellent and explanatory.
Via Robert Sinche of Amherst Pierpont Securities:
We have noted over recent days the ...
Posted in Uncategorized | Comments Off on On the Bund and the Euro: A Technical Perspective
Monday, May 4th, 2015
Via Bloomberg:
WHAT TO WATCH:
* (All times New York)
* Economic Data
* 9:45am: ISM New York, April (prior 50)
* 10:00am: Factory Orders, March, est. 2.1% (prior 0.2%)
* Factory Orders Ex-Trans, March (prior 0.8%)
* Factory Orders Ex-Trans, March (prior 0.8%)</li></ul>
* Factory Orders Ex-Trans, March (prior 0.8%)</li></ul></li></ul>
* Central Banks
* 9:00am: Fed’s Tarullo speaks in ...
Posted in Uncategorized | Comments Off on what to watch today
Monday, May 4th, 2015
Via Bloomberg:
TIMELINE: What’s Next in the Greek Crisis Saga
2015-05-04 11:14:38.21 GMT
By Nikos Chrysoloras
(Bloomberg) -- Greece hopes to reach a technical agreement
on reforms this month in a bid to persuade its creditors to ease
the flow of liquidity to the country. A European Central Bank
Governing Council meeting this week and a gathering ...
Posted in Uncategorized | Comments Off on Greece Timeline
Monday, May 4th, 2015
Via Bloomberg:
IG CREDIT: Volume Lower; ABBV M&A Deal Possible This Week
2015-05-04 10:47:18.139 GMTBy Robert Elson
(Bloomberg) -- Secondary IG trading ended with a Trace
count of $10.6b Friday vs $17.7b Thursday, $12.1b the previous
Friday.
* 10-DMA $14.7b
* 144a trading added $1.2b of IG volume vs $2.6b Thursday,
$2.3b last Friday
* Most active issues:
* MS ...
Posted in Uncategorized | Comments Off on Secondary Market Corporate Bond Trading on Friday
Monday, May 4th, 2015
This is a long research piece from HSBC on inflation Breakevens around the globe.
Here is link.
Posted in Uncategorized | Comments Off on Breakevens
Monday, May 4th, 2015
Via Marc Chandler at Brown Brothers Harriman:
Drivers for the Week Ahead
- The beginning of a new month starts the usual cycle of economic data; the US employment report is significant
- The UK election on May 7 is imponderable and overshadows high frequency readings of the economy
- The euro's depreciation along ...
Posted in Uncategorized | Comments Off on FX
Monday, May 4th, 2015
Via the WSJ:
By Ian Talley
Updated May 3, 2015 8:46 p.m. ET
The International Monetary Fund is close to declaring China’s yuan fairly valued for the first time in more than a decade, a milestone in the country’s efforts to open its economy that would blunt U.S. criticism of Beijing’s currency policy.
The ...
Posted in Uncategorized | Comments Off on IMF Set to Say Yuan at Fair Value
Monday, May 4th, 2015
Via the FT:
EconomyFrance, Greece drag down eurozone manufacturing
2 hours ago
Factories in the eurozone have had a disappointing start to the second quarter despite hopes that the European Central Bank's €60bn a month quantitative easing programme would have provided an additional shot in the arm to economies in the common currency ...
Posted in Uncategorized | Comments Off on Europe PMI