Archive for July, 2015
Tuesday, July 28th, 2015
Via Kit Juckes at SocGen
<http://www.sgresearch.com/r/?id=he483b82,137cac6e,137cac6f&p1=136122&p2=e4c8be0efbf1f337520c08adeadfcdaa>
The Shanghai Composite equity index hit its 200-day moving average at 3534 overnight but has recovered some of that ground, still down on the day but ‘only' -1.5%. From the slightly narrow perspective of the FX market however, what is most noticeable is that the reaction ...
Posted in Uncategorized | Comments Off on Early Morning FX
Monday, July 27th, 2015
Via Robert Sinche at Amherst Pierpont Securities and this one covers three nights rather than the usual one night.
July 27
ITALY: The BBerg consensus expects the Greece uncertainty will has pushed the Manufacturing Business Confidence Index down slightly to 103.7 in July from 103.9 in June and from a 3-year high ...
Posted in Uncategorized | Comments Off on overnight data preview
Monday, July 27th, 2015
7/27 OPEN 7/27 CLOSE CHANGE
GE 24 93/90 94/91 +1
WFC 25 132/129 133/130 +1
JPM 25 153/150 155/152 +2
C ...
Posted in Uncategorized | Comments Off on Some Spread Widening Today
Monday, July 27th, 2015
Via Merrill Lynch Research:
Weakness made in China . In our most recent US credit investor survey (see: Jul '15 Credit Investor Survey: Defensive amidst uncertainties) "China" was identified as number one on the list of investors' biggest concerns. Against that backdrop it is easier to understand the big reaction in ...
Posted in Uncategorized | Comments Off on Eclectic Stuff
Monday, July 27th, 2015
Via Bloomberg:
G CREDIT: List of New Issues Expected to Price in U.S. Today
2015-07-27 14:01:00.0 GMT
By Allan Lopez
(Bloomberg) -- Just 1 new issue expected to price today:
* Bank of America $benchmark Baa1/A-
* 10Y
* IPT +175 area
* Books: BofAML
Posted in Uncategorized | Comments Off on Light New issue Calendar Today
Monday, July 27th, 2015
Via a swap trader who is a fully paid up subscriber:
Note to self...don't counter trade a trend in this market. In our cross markets meeting this morning almost every product area talked about the decline in the commodity complex as a key driver of valuations. HY, EM, F/X, Rates trading ...
Posted in Uncategorized | Comments Off on Excellent Commentary
Monday, July 27th, 2015
Via Cheng Chen at TDSecurities:
Headline durable goods orders surprised to the upside, rebounding a robust 3.4% m/m in June as strong transportation orders led gains. While markets focused on downward revisions to the May report, we note that weaker May data was already made public in the May factory orders ...
Posted in Uncategorized | Comments Off on Durable Goods Analysis
Monday, July 27th, 2015
MBS opened 1 to 2 ticks wider to Treasuries as the risk off attitude drives buyers to the safe sanctuary of the Treasury market
Posted in Uncategorized | Comments Off on MBS
Monday, July 27th, 2015
Via Bloomberg:
WHAT TO WATCH:
* (All times New York)
* Economic Data
* 8:30am: Durable Goods Orders, June, est. 3.3% (prior
-1.8%, revised -2.2%)
* Durables Ex Transportation, June, est. 0.5% (prior
0.5%, revised 0%)
* Cap Goods Orders Nondef Ex Air, June, est. 0.5%
(prior 0.4%, revised -0.4%)
* Cap Goods Ship Nondef Ex Air, June, est. 0.5% ...
Posted in Uncategorized | Comments Off on What to Watch Today
Monday, July 27th, 2015
Via Marc Chandler at Brown Brothers Harriman:
Drivers for the Week Ahead
- This week's FOMC meeting is the last one before September
- The day after the FOMC meets, the US will publish its first estimate of Q2 GDP
- Four other high income countries report GDP figures
- The US is ...
Posted in Uncategorized | Comments Off on FX (Very Long)