Archive for May, 2016
Monday, May 2nd, 2016
Via Bloomberg:
Katherine Chiglinsky
May 2, 2016 — 5:00 AM EDT
MetLife Inc. Chief Executive Officer Steve Kandarian has a $350 billion problem.
That’s the value of the fixed-income investments held by his company, the largest U.S. life insurer. When bonds mature, which happens a lot in a portfolio of that size, he typically ...
Posted in Uncategorized | Comments Off on Slow Bleed
Monday, May 2nd, 2016
Via Bloomberg:
Christopher Langner
May 1, 2016 8:46 PM EST
After a scary start to the year, bond investors holding the riskiest debt will have been relieved to have ended April 5.3 percent ahead, according to the Barclays Global High-Yield Corporate unhedged dollar index -- marking the second month of a rally that ...
Posted in Uncategorized | Comments Off on High Yield Bond Rally
Monday, May 2nd, 2016
Via Bloomberg:
May 2, 2016 — 6:03 AM EDT
Signs that bond traders are becoming more confident that the European Central Bank’s unprecedented stimulus will boost inflation are gathering as derivatives which protect against deflation dropped to a 17-month low.
Even after euro-area price growth declined last month more than economists forecast, traders ...
Posted in Uncategorized | Comments Off on Deflation Protection in Europe Gets Cheaper
Monday, May 2nd, 2016
Via Bloomberg:
2, 2016 — 6:03 AM EDT
Signs that bond traders are becoming more confident that the European Central Bank’s unprecedented stimulus will boost inflation are gathering as derivatives which protect against deflation dropped to a 17-month low.
Even after euro-area price growth declined last month more than economists forecast, traders are ...
Posted in Uncategorized | Comments Off on Deflation Protection in Europe Gets Cheaper
Monday, May 2nd, 2016
Via Marc Chandler at Brown Brothers Harriman:
Drivers for the Week Ahead
The US jobs data is typically the data highlight of the first week of a new month; it has lost its mojo
Another highlight at the start of a new month are the European PMIs, and so too this ...
Posted in Uncategorized | Comments Off on More FX
Monday, May 2nd, 2016
Via Kit Juckes at SocGen:
<http://www.sgmarkets.com/r/?id=h10680d90,16d0aba3,16d0aba4&p1=136122&p2=0dcd1688bddcd3dd8f5af3e909200995>
A Bank Holiday in London is going to give markets a quiet start to the week, and there isn't much on the data calendar to really shake things up. As ever, the first week of the month will see much attention paid to US non-farm payrolls, ...
Posted in Uncategorized | Comments Off on Early FX
Sunday, May 1st, 2016
Via the FT:
Top US bankers have sounded caution over commercial real estate lending as concerns rise that bubbles are forming in parts of the country’s property market.
Lenders have helped fund a boom in recent years in cities such as New York and Miami, where luxury high rises have sprung up ...
Posted in Uncategorized | Comments Off on Commercial Real Estate Lending Restraint