Archive for June, 2015
Saturday, June 27th, 2015
Via WSJ:
By
GABRIELE STEINHAUSER
Updated June 27, 2015 8:22 a.m. ET
BRUSSELS—Eurozone finance ministers will discuss alternatives to more bailout aid for Greece at a meeting Saturday, European officials said, after Prime Minister Alexis Tsiprasannounced he would hold a referendum on the terms of new aid.
The first step in what has commonly been ...
Posted in Uncategorized | Comments Off on More On Greece
Saturday, June 27th, 2015
Greek President Tsipras has decided to refer the question of accepting the harsh terms of its European creditors to a vote of the people of Greece. The vote will take place on July and further complicates all the issues surrounding repayment of existing debt. The Greek government will oppose acceptance ...
Posted in Uncategorized | Comments Off on Greek Referendum
Friday, June 26th, 2015
i am enjoying the fruits of retirement this weekend and consequently blogging will be very sparse today.
Posted in Uncategorized | Comments Off on Administrative Note
Friday, June 26th, 2015
Via Bloomberg:
IG CREDIT: GM Issues Led Trading, Better Client Buying Seen
2015-06-26 09:55:13.853 GMT
By Robert Elson
(Bloomberg) -- Secondary IG trading ended with a Trace
count of $14.5b vs $15.3b Wednesday, $13.7b the previous
Thursday. 10-DMA $13.5b; 10-Thursday moving avg $15.7b.
* 144a trading added $2.2b of IG volume vs $1.6b on Wednesday,
$2b last Thursday
* ...
Posted in Uncategorized | Comments Off on Secondary Market Trading of Corporate Bonds Yesterday
Friday, June 26th, 2015
Via Bloomberg:
WHAT TO WATCH:
* (All times New York)
* Economic Data
* 10:00am: U. of Mich. Sentiment, June final, est. 94.6
(prior 94.6)
* U. of Mich. Current Conditions, June (prior 106.8)
* U. of Mich. Expectations, June (prior 86.8)
* U. of Mich. 1 Yr Inflation, June (prior 2.7%)
* U. of Mich. 5-10 Yr Inflation, ...
Posted in Uncategorized | Comments Off on What to Watch for Today
Friday, June 26th, 2015
Via Bloomberg:
IG CREDIT: Dealer Positions Fall Led by 1-5Y and Long Issues
2015-06-26 10:30:48.231 GMT
By Robert Elson
(Bloomberg) -- Dealer positions in corporate bonds fell
$1.4b to $30.7b as of June 17. $21.1b, seen Feb. 11, is the low
for the series Fed began in April 2013. $45.9b, seen March 5,
2014, is the high.
* ...
Posted in Uncategorized | Comments Off on Dealer Positions In Corporate Bonds
Friday, June 26th, 2015
Via mark Chandler at Brown Brothers harriman:
Calm Before the Storm?
- The global capital markets remain subdued for the most part despite the fact that paralysis in Europe is bringing Greece to the very brink.
- The sharp losses seen in Chinese stocks are the main exception to the generally subdued tone
- ...
Posted in Uncategorized | Comments Off on FX
Thursday, June 25th, 2015
The federal Reserve Bank of Atlanta GDP model (GDP Now) currently stands at 2.1 percent for Q2. The previous estimate on June 23 was at 2.0 percent.
Via the Federal Reserve Bank of Atlanta:
Latest forecast — June 25, 2015
The GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in ...
Posted in Uncategorized | Comments Off on GDP Now
Thursday, June 25th, 2015
Via Millan Mulraine at TDSecurities:
US consumers are back in the game in a big way, and after the disappointing showing to start the year personal spending momentum rebounded strongly in May rising at a very robust 0.9% m/m pace. This is the biggest monthly advance in this indicator since 2009. ...
Posted in Uncategorized | Comments Off on Consumer Spending
Thursday, June 25th, 2015
Via Marc Chandler at Brown Brothers Harriman:
Time for Some Elbow Grease
Another make it or it break it deadline passes in Greek negotiations and the markets take it in stride. Indeed, the relatively calm markets conceal the angst below the surface. After nine Eurogroup meetings since the Syriza government was ...
Posted in Uncategorized | Comments Off on FX