Archive for August, 2015
Wednesday, August 19th, 2015
Via Bloomberg:
WHAT TO WATCH:
* (All times New York)
* Economic Data
* 7:00am: MBA Mortgage Applications, Aug. 14 (prior 0.1%)
* 8:30am: CPI m/m, July, est. 0.2% (prior 0.3%)
* CPI Ex Food and Energy m/m, July, est. 0.2% (prior
0.2%)
* CPI y/y, July, est. 0.2% (prior 0.1%)
* CPI Ex Food and Energy y/y, July, ...
Posted in Uncategorized | Comments Off on What to Watch Today
Wednesday, August 19th, 2015
Via Kit Juckes at SocGen:
<http://www.sgresearch.com/r/?id=he70c9fb,13bd48a9,13bd48aa&p1=136122&p2=330dcc4ca3b0e88a4a6e37e34ca268a1>
The gyrations of the Shanghai composite equity index are drawing most of the overnight headlines as markets await the FOMC minutes this evening and continue to fret about emerging markets in general. Oil prices bounced yesterday, though other commodity prices failed to do so. We still ...
Posted in Uncategorized | Comments Off on Early FX
Wednesday, August 19th, 2015
Via Bloomberg:
IG CREDIT PIPELINE: ASIA, ALTA Set to Price; TYC Calls Today
2015-08-19 09:32:13.268 GMT
By Robert Elson
(Bloomberg) -- Most recent updates:
* Asian Development Bank (ASIA) Aaa/AAA, to price $bench 5Y,
via managers BofAML/GS/JPM/RBC; guidance MS +4 area
* Province of Alberta (ALTA) Aaa/AAA, to price $bench 5Y, via
BofAML/BMO/NBC/TD; guidance MS +17 area
* Tyco ...
Posted in Uncategorized | 1 Comment »
Monday, August 17th, 2015
Via Bloomberg:
IG CREDIT: List of New Issues Expected to Price in U.S. Today
2015-08-10 14:01:32.870 GMT
By Polina Noskova
(Bloomberg) -- 10 new issues expected to price today:
* Simon Property $Bench A2/A
* 5Y, 10Y
* IPT 5Y +Low 100s, 10Y +mid-high 140s
* Books: C, RBC, UBS
* Duke Energy Progress $1b Aa2/A
* 10Y, 30Y FMBs
* ...
Posted in Uncategorized | Comments Off on Today’s New Issue Calendar
Monday, August 17th, 2015
Via Genaddiy Goldberg at TDSecurities:
The Empire state manufacturing index fell sharply in August, offering a weak first reading on August manufacturing activity with a decline to -14.92 from 3.86. While it remains to be seen whether the weakness will be mirrored by the Philly Fed report later in the week, ...
Posted in Uncategorized | Comments Off on Empire Manufacturing
Monday, August 17th, 2015
Via the Federal Reserve Bank of New York and a hat tip to Steve Liddy:
First in a five-part series
The issue of financial market liquidity has received tremendous attention lately. This partly arises from market participants’ concerns that regulatory and structural changes have reduced dealers’ market making abilities, but also from ...
Posted in Uncategorized | Comments Off on Federal Reserve Bank of New York on Treasury Market Liquidity
Wednesday, August 5th, 2015
Via Robert Sinche at Amherst Pierpont Securities:
UK: The BoE is widely expected to leave policy settings unchanged but may continue to hint at future rate hikes in its Inflation Report due out at 7am (EDT). The BBerg consensus is expecting a modest 0.1% MOM rise in Industrial Production, bringing the ...
Posted in Uncategorized | Comments Off on Overnight Preview
Wednesday, August 5th, 2015
Via Bloomberg:
MBS Most Vulnerable to Fed’s Impending Reverse Repos, DB Says
2015-08-05 14:29:51.209 GMT
By Christopher Maloney
(Bloomberg) -- Fed’s potential first rate hike in Sept.
also brings it that much closer to the “real action” in O/N
reverse repo (RRP) to which MBS is most vulnerable of all fixed
income sectors, Deutsche Bank MBS analysts ...
Posted in Uncategorized | Comments Off on Vulnerable MBS
Wednesday, August 5th, 2015
Via FTN Financial:
The ISM nonmanufacturing index boomed to 60.3 in July, far above the consensus estimate of 56.2 and the highest since August 2005. In fact, July was only the third time the index surpassed 60 in the past 15 years. The index measures services and construction. When it is ...
Posted in Uncategorized | Comments Off on Non Manufacturing ISM
Wednesday, August 5th, 2015
Via Bloomberg:
IG CREDIT: List of New Issues Expected to Price in U.S. Today
2015-08-05 14:01:00.0 GMT
By Allan Lopez
(Bloomberg) -- 2 new issues expected to price today:
* Citigroup $benchmark Ba2/BB+
* PNC5 hybrid pfd shrs
* IPT 6.125% area
* Books: C
* RBS $benchmark B/BB- (S&P/Fitch)
* PNC5, PNC10 AT1 notes
* PNC5 guidance 7.625%, IPT 7.75%; ...
Posted in Uncategorized | Comments Off on New Issue Calendar