Archive for April, 2016
Wednesday, April 13th, 2016
Via Marc Chandler at Brown Brothers Harriman:
US Dollar Comes Back Bid
The US dollar is well bid in the Europe and is poised to start the North American session with the wind to its back
China's March trade surplus was reported at $29.86 bln, down from $32.59 bln in February
The news ...
Posted in Uncategorized | Comments Off on FX
Wednesday, April 13th, 2016
Via Bloomberg:
IG CREDIT: Long VZ Issues Led Trading on Client Buying
2016-04-13 09:52:36.448 GMT
By Robert Elson
(Bloomberg) -- Secondary IG trading ended with a Trace
count of $17.2b vs $13.4b Monday, $19.9b the previous Tuesday.
10-DMA $17.4b; 10-Tuesday moving avg $18b, 3rd highest since
2005,when the series began.
* 144a trading added $2.3b of IG volume ...
Posted in Uncategorized | Comments Off on Credit Stuff
Wednesday, April 13th, 2016
Via Bloomberg:
IG CREDIT PIPELINE: Finland to Price; OFC Files
2016-04-13 09:33:48.766 GMT
By Robert Elson
(Bloomberg) -- Set to price today:
* Republic of Finland (FINL) Aaa/AA+, to price $bench Global
3Y, via managers Barc/GS/HSBC/JPM; guidance MS +13 area
Most recent updates:
* Corporate Office Properties (OFC) Baa3/BBB-, files debt
shelf; last issued in June 2015
* Sydney Airport ...
Posted in Uncategorized | Comments Off on Credit Pipeline
Wednesday, April 13th, 2016
Via the FT:
3 hours ago
by: Gabriel Wildau in Shanghai
Chinese bond defaults by state-owned enterprises are on the rise, heightening investor anxiety that is creating difficulties for other companies aiming to sell debt.
Since the start of April, two SOEs have missed scheduled bond payments, while a third suspended trading of its ...
Posted in Uncategorized | Comments Off on China Bond Defaults
Wednesday, April 13th, 2016
Via the FT:
29 minutes ago
by: Katie Martin
Today’s industrial production data for Europe fell shy of expectations, with production falling by 0.8 per cent on the month in February, a tad worse than the 0.7 per cent decline expected.
The reading was “poor”, said Pantheon Macroeconomics, but perhaps not a surprise, given ...
Posted in Uncategorized | Comments Off on Eurozone IP
Wednesday, April 13th, 2016
Via Bloomberg:
Shipments rose 11.5%, imports moderated drop to 7.6%
Data add to recent signs of stabilization in economy
China’s exports jumped the most in a year and declines in imports narrowed, adding to evidence of stabilization in the world’s second-biggest economy. Stocks rallied.
Overseas shipments rose 11.5 percent in dollar terms in March ...
Posted in Uncategorized | Comments Off on China Exports Surge
Wednesday, April 13th, 2016
Via Bloomberg:
State reserve purchases bolster local prices spurring imports
Inbound shipments in first quarter climb 30% from year earlier
China’s imports of copper climbed to a record in March after domestic buying by the state reserve helped support prices in the biggest consumer and encouraged foreign purchases ahead of the peak demand ...
Posted in Uncategorized | Comments Off on China Copper Imports Surge
Tuesday, April 12th, 2016
Via Robert Sinche at Amherst Pierpont Securities:
WTI Crude Oil…continue to watch the close relative to the 200-day MA…currently at $41.03…has closed below every day since July 30, 2014.
The Bank of Canada is expected to keep rates on hold at their rate decision announcement tomorrow at 10am, with the economy stabilizing ...
Posted in Uncategorized | Comments Off on Overnight Data Preview
Tuesday, April 12th, 2016
Via Bloomberg:
Rating already downgraded by Standard & Poor's, Moody's
Saudi stock market benchmark index maintains gains after move
Saudi Arabia’s credit worthiness was downgraded at Fitch Ratings after the plunge in oil prices.
The kingdom’s rating was lowered one level to AA-, the fourth-highest investment grade, the rating agency said on Tuesday. It ...
Posted in Uncategorized | Comments Off on Saudi Arabia Takes Ratings Hit
Tuesday, April 12th, 2016
Via Bloomberg:
RATES: Longs Fall, Shorts Rise in Latest JPM Survey
2016-04-12 11:08:39.400 GMT
By Robert Elson
(Bloomberg) -- The JPMorgan Treasury Client Survey for the
week ended April 11 vs week ended April 4.
* Longs 18 vs 23
* Neutrals 64 vs 61
* Shorts 18 vs 16
* Net longs 0 vs 7
* “The all clients ...
Posted in Uncategorized | Comments Off on JPMorgan Duration Survey