Archive for August, 2015
Tuesday, August 4th, 2015
Vi Bloomberg;
JPMorgan Says Get Out of U.S. Two-Year Notes Before Fed Moves
by Wes Goodman
August 3, 2015 — 9:24 PM EDT
Treasury short-term yields may almost double and prices will fall as the Federal Reserve prepares to raise interest rates, according to JPMorgan Chase & Co.
Two-year yields will climb to 1.25 percent ...
Posted in Uncategorized | Comments Off on Disrespecting the 2 Year Note
Tuesday, August 4th, 2015
Via Bloomberg:
IG CREDIT PIPELINE: CITNAT, RBS, CBRE Possible This Week
2015-08-04 09:35:48.717 GMT
By Robert Elson
(Bloomberg) -- The most recent updates to the pipeline:
* Kookmin Bank (CITNAT) A1/A, plans 144a/Reg-S 5Y Covered
Bonds as soon as this week, via managers BNP/C/SG
* Royal Bank of Scotland Group (RBS) Ba1/BBB-, mandates
BofAML/CS/MS/RBS RBS to arrange investor ...
Posted in Uncategorized | Comments Off on Corporate Pipeline
Tuesday, August 4th, 2015
Via Bloomerg:
WHAT TO WATCH:
* (All times New York)
* Economic Data
* 9:45am: ISM New York, July (prior 63.1)
* 10:00am: Factory Orders, June, est. 1.8% (prior -1%)
* Factory Orders Ex Trans, June (prior 0.1%)
* (10:00am: IBD/TIPP Economic Optimism, Aug., est. 47.8 (prior
48.1)
* Central Banks
* 12:30am: Reserve Bank of Australia cash rate, est. ...
Posted in Uncategorized | Comments Off on What to Watch Today
Tuesday, August 4th, 2015
Via Bloomberg:
IG CREDIT: MS, TCKBCN, DE Led Trading With Large Client Flows
2015-08-04 09:55:44.742 GMT
By Robert Elson
(Bloomberg) -- Secondary IG trading ended with a Trace
count of $9.9b vs $12.2b Friday, $11.7b the previous Monday.
* 10-DMA $13.5b; 10-Monday moving avg $11.4b
* 144a trading added $1.3b of IG volume vs $2.6b on Friday,
$1.8b ...
Posted in Uncategorized | Comments Off on Corporate Bond Trading Yesterday
Tuesday, August 4th, 2015
Via Marc Chandler at Brown Brothers Harriman:
Dollar Block in Focus
- The Aussie was bid after supportive data, and the RBA did not talk the currency lower
- A poor milk auction later today in New Zealand could bring Kiwi in focus
- Despite expectations for supportive news on Thursday, sterling is not ...
Posted in Uncategorized | Comments Off on FX
Monday, August 3rd, 2015
Via Bloomberg:
Apple Chart Gets Congested as 200-Day Price Runs Into Correction
2015-08-03 16:58:39.117 GMT
By Callie Bost
(Bloomberg) -- Apple Inc., which narrowly avoided falling
into a correction last month, is back at the brink again, this
time with another chart level in play.
The stock’s retreat Monday pushed it below the 200-day
moving average, a level ...
Posted in Uncategorized | Comments Off on Bad Apple
Monday, August 3rd, 2015
Via Robert Sinche at Amherst Pierpont Securities:
AUSTRALIA: The BBerg consensus expects the RBA to keep the policy rate at a record low 2.0% for another month after cutting to that level in May. The consensus also expects a June Trade balance of -$A3.0bn, maintaining the recent range of extremely large ...
Posted in Uncategorized | Comments Off on Overnight Data Preview
Monday, August 3rd, 2015
Via Robert Sinche at Amherst Pierpont Securities:
As Steve Stanley noted last week, the setback in the Employment Cost Index Wage Index in 2Q2015 came as a surprise, but a slowdown that probably does not tell us a lot about the future. As noted in the chart below, the wage gains ...
Posted in Uncategorized | Comments Off on Wages
Monday, August 3rd, 2015
I am busy being retired today so I have been late posting on the blog. This Hilsenrath story appears to be about 4 hours and 20 minutes old but it is a worthwhile read. The story suggests that FOMC officials would be comfortable raising rates even with wages increasing slowly. ...
Posted in Uncategorized | Comments Off on Hilsenrath Story
Monday, August 3rd, 2015
I am just reviewing my email and found this one from Bloomberg which I received about an hour and a half ago at 1001AM. I dont know if there have been more announcements since then.
Via Bloomberg:
IG CREDIT: List of New Issues Expected to Price in U.S. Today
2015-08-03 14:01:00.0 GMT
By Polina ...
Posted in Uncategorized | Comments Off on Today’s Corporate Issuance