Archive for September, 2015
Tuesday, September 29th, 2015
Via Stephen Stanley at Amherst Pierpont Securities:
The Conference Board gauge of consumer confidence held up far better than expected, posting an increase in September to 103.3, the second-best reading of this expansion, despite the volatility in markets in the period and the ubiquitous market fears of global economic softening. In ...
Posted in Uncategorized | Comments Off on Consumer Confidence
Tuesday, September 29th, 2015
Via Bloomberg:
Bank of America Said to Plan Global Banking, Mkts Layoffs: WSJ
2015-09-29 14:30:36.699 GMT
By Lee Spears
(Bloomberg) -- Bank of America expected to announce cutting
“couple of hundred” jobs in global banking and global markets,
WSJ reports, citing people familiar.
* Cuts expected as early as Tuesday
Posted in Uncategorized | Comments Off on Layoffs
Tuesday, September 29th, 2015
Via Bloomberg:
RATES: Shorts Fall in Latest JPM Survey
2015-09-29 12:31:41.736 GMT
By Robert Elson
(Bloomberg) -- The JPMorgan Treasury Client Survey for the
week ended Sept. 28 vs week ended Sept. 21.
* Longs at 15, unchanged
* Neutrals 68 vs 63
* Shorts 17 vs 22
* Net longs -2 vs -7
* "The all clients survey shows ...
Posted in Uncategorized | Comments Off on JPMorgan Duration Survey
Tuesday, September 29th, 2015
Via a fully paid up subscriber and dramatically unchanged:
9/28 CLOSE 9/29 OPEN CHANGE
WFC 25 145/142 145/142 -0-
JPM 25 155/152 155/152 -0-
C 25 156/153 156/153 ...
Posted in Uncategorized | Comments Off on Credit Run
Tuesday, September 29th, 2015
Via Bob Elson at Bloomberg:
CREDIT MORNING CALL: Nervous Issuers Unlikely to Jump In Today
2015-09-29 11:41:27.38 GMT
By Robert Elson
(Bloomberg) -- Stocks up 50 is not enough to get issuance
wheels rolling after yesterday’s difficulties, Bloomberg’s
Robert Elson writes. Two deals stood down Monday; some serious
calm needs to seep back in to the market.
* ...
Posted in Uncategorized | Comments Off on Credit Market Thoughts
Tuesday, September 29th, 2015
Via Gennadiy Goldberg at TDSecurities (an excerpt from a morning note ):
Swap Spreads Upside Down in Risk-Off: One of the more interesting moves in the most recent risk-off spasm has been the direction of swap spreads, which have compressed sharply and have now moved into negative territory in the 7yr ...
Posted in Uncategorized | 1 Comment »
Tuesday, September 29th, 2015
Via David Ader at CRT Capital:
OVERNIGHT FLOWS: Treasury prices were little changed overnight with no significant influence on the data front. Overnight volumes were heavy however with cash trading at 172% of the 10-day moving-average while TY came in at 168% of the norm. 10s were the most active issue, ...
Posted in Uncategorized | Comments Off on Overnight Flows
Tuesday, September 29th, 2015
Via the FT:
Glencore shares are up by just 3.9 per cent on the day now, after rallying as much as 10 per cent earlier in the day.
At 71.6 pence, Glencore is just off yesterday's record low of 66.7p.
Even after climbing 10 per cent this morning, the commodities trader and miner ...
Posted in Uncategorized | Comments Off on Bounce of a Moribund Feline
Tuesday, September 29th, 2015
Via Bloomberg:
WHAT TO WATCH:
* (All times New York)
* Economic Data
* 9:00am: S&P/Case-Shiller 20 City m/m, July, est. 0.1%
(prior -0.12%)
* S&P/CS Composite-20 y/y, July, est. 5.15% (prior
4.97%)
* S&P/CS 20-City Index NSA, July, est. 182.5 (prior
180.88)
* S&P/CS US HPI m/m, July (prior 0.09%)
* S&P/CS US HPI y/y, July (prior 4.49%)
* S&P/CS US ...
Posted in Uncategorized | Comments Off on What to Watch Today
Tuesday, September 29th, 2015
Via Marc Chandler at Brown Brothers Harriman:
Markets on Tenterhooks
- The global capital markets are stabilizing in Europe after continued selling was seen in Asia after the US slide yesterday
- India's central bank delivered a larger than expected 50 bp rate cut
- Spain reported a sharp fall in September price pressures, ...
Posted in Uncategorized | Comments Off on FX