Archive for January, 2016
Wednesday, January 20th, 2016
Via Bloomberg:
RATES: Most Net Shorts Since November in Latest JPM Survey
2016-01-20 12:16:32.514 GMT
By Robert Elson
(Bloomberg) -- The JPMorgan Treasury Client Survey for the
week ended Jan. 19 vs week ended Jan. 11.
* Longs 16, unchanged
* Neutrals 62 vs 64
* Shorts 22 vs 20
* Net longs -6 vs -4
* "The all clients ...
Posted in Uncategorized | Comments Off on JPMorgan Duration Survey
Wednesday, January 20th, 2016
Via Marc Chandler at Brown Brothers Harriman:
Markets Resume New Year Slide
- The market meltdown is extending into the third consecutive week
- Pressure has intensified on two currency pegs, the Hong Kong dollar and the Saudi riyal
- The UK unemployment rate (ILO) ticked down to 5.1% from 5.2%
- There are ...
Posted in Uncategorized | Comments Off on FX
Wednesday, January 20th, 2016
Dealers reporting better selling in 2s and 7s by end users and other end users exiting 10 year product in their own currency and then seeking safe sanctuary in US 10s.
One dealer brought up the possibility of a convexity trade and suggested that 1.85 on 10s would have the crazed ...
Posted in Uncategorized | Comments Off on Treasury Flow
Wednesday, January 20th, 2016
Via Kit Juckes at SocGen:
The market mood soured overnight - again - as the International Energy Agency warned of an oil glut as Iran returns to the market and other major producers keep supply coming. WTI broke below USD 28/bbl, equity indices are weaker across Asia and once again, the ...
Posted in Uncategorized | Comments Off on FX
Tuesday, January 19th, 2016
A fully paid up subscriber from across the pond forwarded this to me moments ago. I have a feeling that the FOMC will be using this as model when they issue a similar statement in a few months.
Via a fully paid up subscriber:
BOE: Carney: Now is not the time to ...
Posted in Uncategorized | 1 Comment »
Tuesday, January 19th, 2016
Via the WSJ:
By Summer Said
Updated Jan. 19, 2016 5:30 a.m. ET
5 COMMENTS
Oil prices could fall further this year as the market faces an “enormous strain” on its ability to absorb new supplies from producers such as Iran, a top world energy monitor said Tuesday.
“The oil market faces the prospect of ...
Posted in Uncategorized | Comments Off on Drowning in a Sea of Oil
Tuesday, January 19th, 2016
Dealers report sellers of 3s through 10s in the overnight session. Central banks appear to have been the main culprit behind that flow.
Posted in Uncategorized | Comments Off on Overnight Treasury Flow
Tuesday, January 19th, 2016
I have experience Twitter problems this morning and apparently that is a systemwide problem.
Via FT:
Twitter experienced a technical problem that resulted in millions of the social network’s users around the world being unable to access the service on Tuesday morning.
“Some users are currently experiencing problems accessing Twitter,” the company said ...
Posted in Uncategorized | Comments Off on Twitter
Tuesday, January 19th, 2016
Via Marc Chandler at Brown Brothers Harriman:
Collective Sigh of Relief in Capital Markets or Turnaround Tuesday?
- The relentless pounding that investors suffered in the first two weeks of the year has subsided.
- Chinese economic data were a little softer than expected; China equity gains helped spur the regional advance, ...
Posted in Uncategorized | Comments Off on FX
Tuesday, January 19th, 2016
Equities have staged a broad recovery across the globe as that asset classes recovers from an oversold condition. One other catalyst for the rally is that weak growth in China will spur additional rounds of stimulus by the central bank. Simultaneously, Bloomberg reports that the IMF has cut its forecast ...
Posted in Uncategorized | Comments Off on Cognitive Dissonance