Archive for April, 2016
Monday, April 25th, 2016
Via the FT:
an hour ago
by: Joel Lewin
German business sentiment dipped unexpectedly in April as the mood among exporters weakened slightly amid slowdowns in the US and China.
The closely watched Ifo index, which tracks German business executives’ assessment of the current business climate, fell to 106.6, down from 106.7 in March ...
Posted in Uncategorized | Comments Off on IFO Dips
Monday, April 25th, 2016
Via Bloomberg:
Jesse Hamilton
April 22, 2016 — 6:16 PM EDT
Rule would require lenders have long-term sources of funding
Net Stable Funding Ratio is second part of liquidity controls
U.S. bank regulators are set to propose the second of two major demands on the amount of liquidity lenders need to have on hand to ...
Posted in Uncategorized | Comments Off on New Balance Sheet Tax
Monday, April 25th, 2016
Via Bloomberg:
Bank of Japan will hold policy meeting on April 27-28
Slim majority of economists predict more BOJ stimulus
With the challenges to Japan mounting, an increasing number of officials at the central bank consider it’s time for the government to do more to spur economic expansion, according to people ...
Posted in Uncategorized | Comments Off on Japanese Quandary
Monday, April 25th, 2016
If this trader were in America he could run for President without any problem!
Via Bloomberg:
April 25, 2016 — 4:28 AM EDT
Ben Lazimy seeks $2.5 million from bank for unfair dismissal
Trader sent himself 1,400-page spreadsheet with client names
HSBC Holdings Plc was sued for unfair dismissal by an equity derivatives trader who ...
Posted in Uncategorized | Comments Off on Interesting Lawsuit
Monday, April 25th, 2016
Via Kit Juckes at SocGen:
The odds of this week's US FOMC meeting delivering a rate hike are zero, according to Bloomberg. The chances of a cut are higher, but only 2%. What matters is the tone of the statement but the Fed has painted itself into a corner. The odds ...
Posted in Uncategorized | Comments Off on Early FX
Sunday, April 24th, 2016
Via Bloomberg:
Wes Goodman richwesgoodman
April 24, 2016 — 9:43 PM EDT
A gauge of inflation expectations in the bond market rose to the highest level in nine months as oil prices climbed, supporting the Federal Reserve’s plan to raise interest rates twice this year.
The Fed will hold its benchmark ...
Posted in Uncategorized | 1 Comment »
Sunday, April 24th, 2016
Via the FT:
20 hours ago
by: Gabriel Wildau in Shanghai and Don Weinland in Hong Kong
China’s total debt rose to a record 237 per cent of gross domestic product in the first quarter, far above emerging-market counterparts, raising the risk of a financial crisis or a prolonged slowdown in growth, economists ...
Posted in Uncategorized | Comments Off on Leveraged China
Friday, April 22nd, 2016
Via Bloomberg:
IG CREDIT: Dealer Positions in Corp Bonds Rise; 5-10Y Leads
2016-04-22 10:32:17.228 GMT
By Robert Elson
(Bloomberg) -- Dealer positions in corporate bonds rose
$875m to $15.9b as of April 13, according to Fed NY release.
* $6.5b low Oct. 2015; high $45.9b March 2014
* Investment grade positions:
* Very short issues fell $114m to ...
Posted in Uncategorized | Comments Off on Dealer Positions
Friday, April 22nd, 2016
Via the FT:
Albert Edwards and the sadness of the permabear
by: Joel Lewin
Albert Edwards is sad. “Utterly depressed,” in fact. Earlier this month, he was warning of a “tidal wave of defaults”. Today, the SocGen permabear laments that “these central bankers will destroy the enfeebled world economy and political chaos will ...
Posted in Uncategorized | Comments Off on Musings of a Permabear
Friday, April 22nd, 2016
Via Marc Chandler at Brown Brothers Harriman:
Capital Markets Mostly Consolidate, Yen Drops
The US dollar recovered from early weakness yesterday and is mostly trading narrowly mixed today
The Japanese economy continues to struggle to sustain positive growth momentum
The eurozone reported the flash PMI
Canada reports February retail sales and ...
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