Archive for June, 2015
Wednesday, June 24th, 2015
A fully paid up subscriber across the pond forwarded this (excerpt I assume) of a note by a Bank America Strategists who opines that the situation regarding Greece is not as bad as the headlines.
Via a fully paid up subscriber and B of A;
NOT AS BAD AS HEADLINE ? - ...
Posted in Uncategorized | Comments Off on Not as bad as Headline
Wednesday, June 24th, 2015
Via Steve Liddy and Bloomberg;
LiquidityEdge Wants to Help Little Guy in U.S. Treasuries Market
Wednesday, June 24, 2015 04:00 AM
by Matthew Leising
(Bloomberg) -- A new market for trading U.S. Treasuries says it’s looking out for the little guy in the $12.6 trillion business.
The way it usually works, traders ...
Posted in Uncategorized | Comments Off on Liquidity Edge
Wednesday, June 24th, 2015
Earlier I posted a one sentence headline from Bloomberg that noted that the Greek Prime Minister had said creditors had not accepted the Greek proposal. I attach below an FT story which printed prior to that story which provides more flesh to that headline.
Via the FT:
Alexis Tsipras, the Greek prime ...
Posted in Uncategorized | Comments Off on More on Greece
Wednesday, June 24th, 2015
Via Kit Juckes at Socgen:
<http://www.sgresearch.com/r/?id=he082acf,1318ce2d,1318ce2e&p1=136122&p2=3a9ab4386ae96a0dd7b59b257fd45b25>
All is for the best in this best of all possible worlds. Sure, the days are getting shorter and Sunday's Summer Solstice will soon be forgotten. But, a Greek debt deal still looks likely, even if it's a deal which disappoints some of the negotiators and ...
Posted in Uncategorized | Comments Off on Early FX Musings
Wednesday, June 24th, 2015
Via a fully paid up subscriber from Bloomberg:
*TSIPRAS SAYS CREDITORS DIDN'T ACCEPT GREEK PROPOSALS: OFFICIAL - bbg
Posted in Uncategorized | Comments Off on Greek Headline
Tuesday, June 23rd, 2015
The WSJ reports that ,while still adequate, central banks in emerging market countries have run down their FX holdings which the WSJ reports diminishes their capacity to fight the next crisis.
Via the WSJ:
By Carolyn Cui
June 23, 2015 7:04 p.m. ET
Central banks in emerging markets are running down their foreign-currency reserves ...
Posted in Uncategorized | 1 Comment »
Tuesday, June 23rd, 2015
Via Merrill Lynch Research;
Got plans for the summer? We think that issuers will have - so get ready for a busy summer. At an event today hosted by the WSJ today Fed Governor Jerome Powell discussed his baseline view that, consistent with the BofAML house view from our economists, the ...
Posted in Uncategorized | Comments Off on Eclectic Topics
Tuesday, June 23rd, 2015
ViaRobert Sinche at Amherst Pierpont Securities:
CHINA: The Consumer Sentiment Index produced by Westpac/MNI will be reported for June following a May reading of 111.1, matching the low since November 2011. The lowest reading since introduction in April 2007 was 110.8 in September 2011.
JAPAN: The BBerg consensus expects the Small Business ...
Posted in Uncategorized | Comments Off on Overnight Data Preview
Tuesday, June 23rd, 2015
Via Bloomberg:
H.J. Heinz $10b Notes Launch in 7 Parts; 2y Fxd +95
2015-06-23 18:10:31.333 GMT
By Allan Lopez
(Bloomberg) -- Launch; guidance; IPT (guidance area is +/-
5):
* $1b 2y fxd launch at +95; +100a; +110a
* $1.5b 3y launch at +100; +105a; +120a
* $1.5b 5y launch at +115; +120a; +140a
* $1b 7y launch at ...
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Tuesday, June 23rd, 2015
Via Bloomberg:
H.J. Heinz $Benchmark Guidance Issued; 2y Fxd +100 Area, +/- 5
2015-06-23 16:47:55.719 GMT
By Allan Lopez
(Bloomberg) -- 2y guidance +100a; IPT +110 area.
* Guidance; IPT (all area, guidance area is +/- 5):
*
* 2y FRN guidance, IPT 3mL equivalent
* 3y fxd +105a; +120
* 5y +120a; +140
* 7y +145a; +165
* 10y +160a; ...
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