Archive for June, 2015
Wednesday, June 17th, 2015
This story was out twenty minutes ago and paints a very gloomy picture on the status of negotiations.
Via the FT:
The Greek central bank warned on Wednesday that if no deal was reached between the government and its international creditors the country would be put on a “painful course” towards both ...
Posted in Uncategorized | Comments Off on FT Story on Greece
Wednesday, June 17th, 2015
This one from 420AM New York time and also from a fully paid up subscriber:
RTRS - GREEK CENTRAL BANK SAYS SEEMS COMPROMISE REACHED ON MAIN CONDITIONS, LITTLE GROUND REMAINS TO BE COVERED
Posted in Uncategorized | Comments Off on Another Greek Headline
Wednesday, June 17th, 2015
Received this twenty minutes ago from a fully paid up subscriber:
SENIOR EU OFFICIAL: STILL UNCLEAR SEQUENCE OF MEETINGS AFTER THE EUROGROUP, OFFICIALS READY TO CONVENE AT ANY TIME ON GREECE
17-Jun-2015 10:28 - SENIOR EU OFFICIAL: IF THERE IS NOTHING NEW FROM GREECE, EURO ZONE OFFICIALS "REMAIN ON STAND-BY" - RTRS
Posted in Uncategorized | Comments Off on Greece Headlines
Tuesday, June 16th, 2015
I think the problem of computer security is underappreciated. Society's reliance and dependence on computers far exceeds the ability of individuals and corporations and governments to protect sensitive data.
There is a company called LastPass about which I knew nothing until today. You can hire the outfit to manage your passwords ...
Posted in Uncategorized | Comments Off on From the Quis custodiet ipsos custodes Department
Tuesday, June 16th, 2015
Via Martin Wolf at the FT:
Neither Greeks nor their partners should imagine a clean break if they leave the euro
The outbreak of the first world war was, we are told, greeted with confidence and jubilation by the peoples of Europe. Something similar seems to be happening after years of economic ...
Posted in Uncategorized | Comments Off on Greece and Europe: Clean Break Unlikely
Tuesday, June 16th, 2015
The Atlanta Fed today revised its forecast of Q2 GDP down to 1.9 from 2.0. The model had moved up to 2.0 percent yesterday with the release of IP data but slipped back to 1.9 percent today with publication of housing starts.
Via the Federal Reserve Bank of Atlanta:
The GDPNow model ...
Posted in Uncategorized | Comments Off on Atlanta Fed GDP Now Forecast
Tuesday, June 16th, 2015
Via Merrill Lynch:
3, 2, 1. The FOMC meeting concludes tomorrow precisely three months (two FOMC meetings) before we (BofAML house view from our economists) expect the Fed to start hiking interest rates on September 17th. Last Fed liftoff was June 30, 2004. Two meetings prior to that the March 16, ...
Posted in Uncategorized | 1 Comment »
Tuesday, June 16th, 2015
Via Bloomberg:
IG CREDIT: List of New Issues Expected to Price in U.S. Today
2015-06-16 14:01:00.0 GMT
By Allan Lopez
(Bloomberg) -- 6 new issues expected to price today:
* Cardinal Health $1.5b (will not grow) Baa2/A-
*
* 3Y, 10.25Y, 30.25Y
* IPT 3Y +110, 10.25Y +160, 30.25 +200 (all area)
* Books: BofAML, Barclays, GS, MUFG
* Union ...
Posted in Uncategorized | Comments Off on Today’s New Issue Calendar
Tuesday, June 16th, 2015
Via Stephen Stanley at Amherst Pierpont Securities:
May housing starts sank by 11%, undershooting expectations substantially. However, there is a lot of noise in these data. First of all, the monthly readings have been gyrating in the last several months due in large part to the weather. Starts sagged in February ...
Posted in Uncategorized | 1 Comment »
Tuesday, June 16th, 2015
Via Bloomberg:
RATES: Fewest Neutrals Since September in Latest JPM Survey
2015-06-16 12:54:52.598 GMT
By Robert Elson
(Bloomberg) -- The JPMorgan Treasury Client Survey for the
week ended June 15 vs weeks ended June 8, 1.
* Longs 16 vs 9 vs 9
* Neutrals 46 vs 52 vs 50
* Shorts 38 vs 39 vs 41
* Net ...
Posted in Uncategorized | Comments Off on JPM Duration Survey