Archive for July, 2015
Monday, July 13th, 2015
Via Robert Sinche at Amherst Pierpont Securities:
The Bloomberg consensus expects both the Bank of Indonesia (7.50%) and Chilean CB (3.0%) to leave policy rates unchanged.
AUSTRALIA: NAB indexes of Business Confidence and Business Conditions both have shown encouraging, although modest, improvements in recent months as the weakening AUD improves competitiveness; Chinese ...
Posted in Uncategorized | Comments Off on Overnight Preview
Monday, July 13th, 2015
7/10 CLOSE 7/13 OPEN CHANGE
GE 24 88/85 88/85 -0-
WFC 25 119/116 119/116 -0-
JPM 25 137/134 137/134 -0-
C ...
Posted in Uncategorized | Comments Off on Long Dated Financial Open
Monday, July 13th, 2015
Bloomberg is reporting that drug store chain CVS will sell a seven tranche deal to raise $13 billion to $15 billion.
Posted in Uncategorized | Comments Off on New Corporate Deal
Monday, July 13th, 2015
Via Bloomberg:
Banks May Issue Debt as Earnings Blackouts Set to Expire
2015-07-13 12:37:59.750 GMT
By Allan Lopez and Robert Elson
(Bloomberg) -- The following may issue debt as they exit
earnings blackout periods:
* 2Q EARNINGS SCHEDULE:
* July 14
* JPMorgan Chase (JPM) A3/A
* Reported 1Q earnings and issued $2b perp NC5 hybrid
pfd shrs, EU1B tap ...
Posted in Uncategorized | Comments Off on Bank Pipeline
Monday, July 13th, 2015
Via Marc Chandler at Brown Brothers Harriman
Greece Capitulates, Attention Turns to ECB
- The Greek government has capitulated on nearly all of European demands, seemingly averting an unceremonious exit from the monetary union
- The acceptance of the creditors’ demands is likely to precipitate a domestic political crisis that will lead to ...
Posted in Uncategorized | 3 Comments »
Monday, July 13th, 2015
Via Bloomberg:
WHAT TO WATCH:
* (All times New York)
* Economic Data
* 2:00pm: Monthly Budget Statement, June (est. $41.0b)
* Central Banks
* 11:00am: U.S. to announce plans for auction of 4W bills
* 11:30am: U.S. to sell $24b 3M bills, $24b 6M bills
Posted in Uncategorized | Comments Off on What to Watch Today
Monday, July 13th, 2015
Via Bloomberg:
2y = 0.677%
5y = 1.709%
10y = 2.45%
Bond = 3.232%
DOW mini futs +130
S&P mini futs +15
NASDAQ mini +40
Nikkei +310
FTSE +51
Snghai +92
¥en = 123.35
€uro = 1.1071
Oil = $52.16
=============================================================================
Robert Elson
(212) 617-2981
[email protected]
Bloomberg L.P.
731 Lexington Avenue / 4th Floor
New York, NY 10022
IG CREDIT: Long TWC Issues Led Flows; Issuance Expected
2015-07-13 09:50:35.52 GMT
By Robert Elson
(Bloomberg) ...
Posted in Uncategorized | Comments Off on Secondary Market Corporate Bond Trading Friday
Monday, July 13th, 2015
Via Kit Juckes at SocGen:
<http://www.sgresearch.com/r/?id=he28424a,134ae831,134ae832&p1=136122&p2=ce5ecc614c73859c43c6d27c814e3130>
Good (wet) morning. The link above is to the conclusions I reached when I went to bed and not a whole lot has changed overnight. What have we learned? Mostly, that trust once lost, is not easily regained. We've also confirmed that not all the other ...
Posted in Uncategorized | Comments Off on FX Musings Written Prior to Greek Surrender
Monday, July 13th, 2015
The Treasury market has taken a battering post the announcement that Greece has capitulated to creditor demands. The belly of the curve has performed worst. the 5s 7s 10s spread closed Friday at 13.5 and trades currently at 15.3. That is an outsized move for that trio of bonds. The ...
Posted in Uncategorized | Comments Off on Curvology
Monday, July 13th, 2015
In the middle of the night EuroZone leaders announced an agreement on a Greek bailout package. The agreement amounts to surrender and capitulation by the current Greek government.The agreement compels pension reform and higher sales taxes as well as provisions which make it easier to close banks.
Mr Tsipiras should go ...
Posted in Uncategorized | Comments Off on Greek Surrender