Archive for June, 2015
Tuesday, June 30th, 2015
Via Bloomberg:
BFW 06/30 13:33 Greece Asks for 2-Yr Bailout Program From ESM: PM’s Office
BN 06/30 13:30 Greece Asks for 2-Year Bailout Program From ESM: PM’s Office
BFW 06/30 13:30 *GREEK GOVT WILL SEEK VIABLE AGREEMENT WITHIN EURO: PM'S OFFICE
BFW 06/30 13:30 *GREECE ASKS FOR FINANCING, DEBT RESTRUCTURING: PM'S OFFICE
BFW 06/30 13:28 ...
Posted in Uncategorized | Comments Off on Greece headlines
Tuesday, June 30th, 2015
Via Millan Mullraine at TDSecurities:
US home prices rose in April at its slowest pace in 8 months, gaining 0.3% m/m following the upwardly revised 1.0% m/m advance the month before. This was a weaker pace of home price appreciation than the 0.8% m/m rise expected by the markets, though it ...
Posted in Uncategorized | Comments Off on Home price Appreciation
Tuesday, June 30th, 2015
Central banks selling 4 year sector to buy 7s through 10s.
Central bank buyers of 5s.
Central bank sellers of 3s.
Posted in Uncategorized | Comments Off on Overnight Flows
Tuesday, June 30th, 2015
Via Bloomberg:
WHAT TO WATCH:
* (All times New York)
* Economic Data
* 9:00am: ISM Milwaukee, June (prior 47.7)
* 9:00am: S&P/Case-Shiller 20-City m/m, April, est. 0.8%
(prior 0.95%)
* S&P/CS 20-City y/y, April, est. 5.5% (prior 5.04%)
* S&P/CS 20-City Index NSA, April (prior 175.2)
* S&P/CS U.S. HPI m/m, April (prior 0.12%)
* S&P/CS U.S. HPI y/y, ...
Posted in Uncategorized | Comments Off on What to Watch Today
Tuesday, June 30th, 2015
Via Marc Chandler at Brown Brothers Harriman:
The markets remain off-kilter. The dollar has recouped a little of the ground lost yesterday. Reports in a Greek paper that Tsipras may be reconsidering Juncker's proposal may prevent a deeper pullback in the euro, which found a bid near $1.1135 after approaching ...
Posted in Uncategorized | Comments Off on FX
Tuesday, June 30th, 2015
I will confess that I only followed the Puerto Rico story tangentially yesterday. However that story was not a tangent to people in that market place as there was real carnage in bonds issued by Puerto Rico. Here is an excerpt from a note I recived this AM from a ...
Posted in Uncategorized | Comments Off on Puerto Rico
Tuesday, June 30th, 2015
Via Bloomberg:
IG CREDIT: Lowest Monday Session Since April; Spreads Widen
2015-06-30 09:51:26.289 GMT
By Robert Elson
(Bloomberg) -- Secondary IG trading ended with a Trace
count of $10.8b vs $9.5b Friday, $11.8b the previous Monday. It
was the lowest volume Monday session since $9b April 6.
* 10-DMA $13.1b; 10-Monday moving avg $12.1b.
* 144a trading added ...
Posted in Uncategorized | Comments Off on Secondary market Corporate Bond trading yesterday
Tuesday, June 30th, 2015
Ed Conway (@EdConwaySky) reports that EU creditors have given Greece until midnight to reconsider creditors proposals.
Via Ed Conway at Sky News;
Ed Conway @EdConwaySky 4m4 minutes ago
My EU sources say Greece has until midnight to reconsider rejecting the creditors' proposals for a bail-out extension
Posted in Uncategorized | Comments Off on Midnight Deadline
Tuesday, June 30th, 2015
A Greek newspaper reports new negotiations between Greece and its creditors. According to the Greek Reporter the negotiations would result in a promise by European creditors to restructure Greek debt.
Via the Greek Reporter:
Greece and its creditors are reportedly working on a yet new last-minute bailout deal ahead of a $1,8 ...
Posted in Uncategorized | Comments Off on New Talks
Tuesday, June 30th, 2015
A fully paid up subscriber forwarded this to me at about 406AM (about 90 minutes ago). I do not know the source as he did not identify from whom he received it:
BONDS: German government bonds are trading higher early Tuesday, again boosted by safe-haven buying as markets weigh up the ...
Posted in Uncategorized | Comments Off on Regarding Greek Default