Archive for July, 2015
Saturday, July 25th, 2015
Via Merrill Lynch Research:
Policy matters. We continue to think that policy changes will dictate financial market performance in the short and medium term. First and foremost the coming US shift toward monetary policy tightening has substantial negative implications for sectors that benefited from the super easy monetary policy stance in ...
Posted in Uncategorized | Comments Off on Eclectic Stuff
Friday, July 24th, 2015
Via Robert Sinche at Amherst Pierpont Securities:
CHINA: The June report on Industrial Profits is likely to show virtually no net gain YOY as companies struggle with a relatively strong CNY and sluggish global demand growth.
EURO ZONE: Monthly report on Monetary Aggregates and Lending for June, likely to confirm signs of ...
Posted in Uncategorized | Comments Off on Weekend Data Preview
Friday, July 24th, 2015
I cant backtrack to where I found this. it says Bloomberg but it originated elsewhere I believe.
Treasury securities dealers accused of collusion in pension fund-led lawsuit
By Bloomberg | July 24, 2015 10:48 am | Updated 10:51 am
Bank of America, Goldman Sachs Group (GS) and J.P. Morgan Chase are among 22 ...
Posted in Uncategorized | Comments Off on Collusion
Friday, July 24th, 2015
BN 07/24 15:02 *FED STAFF PROJECTIONS SEE GDP 2.31% 2015, 2.38% 2016
BFW 07/24 15:01 *FED STAFF PROJECTIONS SEE FED FUNDS AT 1.26% 4Q 2016
BFW 07/24 15:00 *FED STAFF PROECTIONS SHOW YEAR-END FED FUNDS OF 0.35% 2015
BN 07/24 14:58 *FED SAYS PROJECTIONS POSTED TO PUBLIC WEBSITE ON JUNE 29
BFW 07/24 14:57 ...
Posted in Uncategorized | Comments Off on Interesting FOMC “Leak”
Friday, July 24th, 2015
Via Stephen Stanley at Amherst Pierpont Securities:
New home sales were considerably softer than expected in June, posting a 482,000 annual pace, the lowest reading since last November. In addition, the April and May figures were revised noticeably lower, yielding a significantly more restrained trajectory over the first half of the ...
Posted in Uncategorized | Comments Off on New Home Sales
Friday, July 24th, 2015
Via a fully paid up subscriber:
7/23 CLOSE 7/24 OPEN CHANGE
GE 24 88/85 89/86 +1
WFC 25 128/125 129/126 +1
JPM 25 148/145 149/146 ...
Posted in Uncategorized | Comments Off on Corporate Bond Run
Friday, July 24th, 2015
Via Bloomberg:
WHAT TO WATCH:
* (All times New York)
* Economic Data
* 9:45am: Markit US Manufacturing PMI, July preliminary,
est. 53.6 (prior 53.6)
* 10:00am: New Home Sales, June, est. 548k (prior 546k)
* New Home Sales m/m, June, est. 0.3% (prior 2.2%)
Posted in Uncategorized | Comments Off on What to Watch Today
Friday, July 24th, 2015
Via Marc Chandler at Brown Brothers Harriman:
- Official creditors (IMF, EC and ECB) are returning to Athens today for the first time in several months
- Ukraine’s debt negotiations are also back on the spotlight
- Aside from iron ore, most commodity prices remained under pressure this week
- Mexico reports monthly GDP ...
Posted in Uncategorized | Comments Off on More FX
Friday, July 24th, 2015
Via Merrill Lynch:
More defensive flows. Mutual fund and ETFs flows turned more defensive last week (ending on July 22nd). Stock funds reported a small $0.23bn outflow following a $6.43bn inflow in the prior week. Similarly, after a $1.54bn inflow high yield funds had a $0.34bn outflow last week. While the ...
Posted in Uncategorized | Comments Off on Eclectic Topics
Friday, July 24th, 2015
Central banks and end users buy 5s and 10s.
Bank portfolios selling 5s.
End users selling 30s. One dealer noted that for the first time in days it felt as though there was some long end paper in the market place.
Posted in Uncategorized | Comments Off on Overnight Treasury Flow