Archive for July, 2015
Sunday, July 12th, 2015
Via Bloomberg:
Oil extended its decline after its biggest weekly drop since March as investors weighed the prospects of Iran increasing crude exports in an oversupplied market.
Futures dropped as much as 1.8 percent in New York after capping a 7.4 percent loss through July 10. Iran and world powers may announce ...
Posted in Uncategorized | Comments Off on Oil Price Slump Continues
Sunday, July 12th, 2015
Via FT:
China’s securities regulator has moved to crack down on identity fraud and grey-market margin lending in the latest aggressive government measure to backstop the country’s tumbling stock markets.
The regulator warned brokerages on Sunday night to stop opening their trading systems to lightly regulated “fund-matching” companies that distribute loans for ...
Posted in Uncategorized | Comments Off on China Crackdown on Margin Lending
Sunday, July 12th, 2015
Via WSJ:
By
MARCUS WALKER
July 12, 2015 7:56 p.m. ET
ATHENS—Europe’s ultimatum to Greece, demanding full capitulation as the price of any new bailout, marks the failure of a rebellion by a small, debt-ridden country against its lenders’ austerity policies, after Germany flexed its muscles and offered Athens a choice between obeisance or ...
Posted in Uncategorized | Comments Off on Excellent Synopsis of the Politics of Greece Crisis
Sunday, July 12th, 2015
One Asian based trader reports that at this juncture cash markets and futures markets are both subdued thus far. The trader noted that volume in futures pits are about 1/3 of recent levels. S and P futures were off a fast 12.5 points but they have taken back some of ...
Posted in Uncategorized | Comments Off on Treasury Market
Sunday, July 12th, 2015
Via the WSJ:
By KATY BURNE
Updated July 12, 2015 4:14 p.m. ET
U.S. regulators have become increasingly concerned in recent months about unstable trading in the $12.6 trillion U.S. Treasury market, where investors turn for safe-haven securities and set interest rates that are a benchmark for much of the rest of the ...
Posted in Uncategorized | Comments Off on Regulators Concerned About Bond Market Liquidity
Sunday, July 12th, 2015
Via AP:
The Latest: Document Shows Greece Accepts Raft of Demands
2015-07-12 16:47:45.101 GMT
By The Associated Press
Brussels (AP) -- The latest from Greece's financial crisis
(all times local):
___
6:30 p.m.
The Greek government appears to have accepted a raft of
demands from European creditors that it had previously
condemned.
Among a series of proposals that made it into ...
Posted in Uncategorized | Comments Off on latest Greek Headlines
Sunday, July 12th, 2015
Via the FT:
Against a backdrop of slow and diminishing growth forecasts, recent months and especially recent weeks have seen an extraordinary level of financial drama. While not rising to the level of the systemic global crisis of 2008, or the period of great uncertainty in the late 1990s around the ...
Posted in Uncategorized | Comments Off on Larry Summers Says World Needs Bold Action
Sunday, July 12th, 2015
Via Bloomberg:
Tsipras Given 72 Hours to Win EU’s Trust by Passing Bailout Laws
2015-07-12 16:01:41.436 GMT
(For more on the Greek crisis, click here.)
By Radoslav Tomek, Ott Ummelas and Karl Stagno Navarra
(Bloomberg) -- Prime Minister Alexis Tsipras was given
three days to push new austerity measures through parliament and
keep alive Greece’s chances of ...
Posted in Uncategorized | Comments Off on Another Act in the Greek Drama
Friday, July 10th, 2015
Via Bloomberg:
=============================================================================
IG CREDIT: Dealer Positions in Corporates Fell Led by 5-10 Years
2015-07-10 10:49:17.51 GMT
By Robert Elson
(Bloomberg) -- Dealer positions in corporate bonds fell
$1.8b to $24.5b as of July 1. $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 Corporates
Friday, July 10th, 2015
Via Bloomberg:
WHAT TO WATCH:
* (All times New York)
* Economic Data
* 10:00am: Wholesale Inventories, May, est. 0.3% (prior 0.4%)
* Wholesale Sales, May, est. 0.9% (prior 1.6%)
* Central Banks
* 11:35am: Fed’s Rosengren speaks at Lake Victor, Idaho
* 12:30pm: Fed’s Yellen speaks in Cleveland
Posted in Uncategorized | Comments Off on What to Watch Today