Archive for June, 2016
Wednesday, June 29th, 2016
Via Bloomberg:
Dollar Softer as Calm Remains in the Markets
Markets remain calm as warnings of a Lehman moment appear overdone
We are in a consolidative market now as the foreign currencies claw back some of their recent losses
During the North American session, the US reports May personal income and ...
Posted in Uncategorized | Comments Off on FX
Wednesday, June 29th, 2016
Via Bloomberg:
IG CREDIT: Strong Volume, Spreads Tighter as Issuance Reopens
2016-06-29 09:36:24.875 GMT
By Robert Elson
(Bloomberg) -- Secondary IG trading ended with a Trace
count of $16.7b vs $12.7b Monday, $14.6b last Tuesday. 10-DMA
$13b; 10-Tuesday moving avg $16.5b.
* 144a trading added $2.7b of IG volume vs $1.5b, $2.8b last
Tuesday
* Most active issues:
* ABIBB ...
Posted in Uncategorized | Comments Off on Some Corporate Bond Stuff
Wednesday, June 29th, 2016
Via Bloomberg:
IG CREDIT PIPELINE: Deals Lined Up as Gates Have Opened
2016-06-29 09:27:12.864 GMT
By Robert Elson
(Bloomberg) --
LATEST UPDATES
* Adient Ltd filing shows it expects to incur $3.5b of debt
related to Johnson Controls; has bank meeting scheduled for
today
* Microsoft (MSFT) Aaa/AAA, added to list of possible issuers,
says Morningstar; also notes PG, DOV ...
Posted in Uncategorized | Comments Off on Credit Pipeline
Tuesday, June 28th, 2016
Via Bloomberg:
Declan Harty
DeclanHarty
Jeanna Smialek
jeannasmialek
June 28, 2016 — 7:00 PM EDT
Powell says it is far too early to judge effects of U.K. vote
Important to assess appropriate U.S. policy stance post-Brexit
Federal Reserve Governor Jerome Powell said global risks have shifted further to the downside after Britain’s vote to exit the European Union, ...
Posted in Uncategorized | Comments Off on Fed Governor Powell Muses on the Economy
Tuesday, June 28th, 2016
Via Bloomberg:
Merkel Tells Cameron Before EU Summit: Don’t Delude Yourself
2016-06-28 10:00:39.101 GMT
By Ian Wishart, John Follain and Jonathan Stearns
(Bloomberg) -- German Chancellor Angela Merkel warned the
U.K. to have no illusions about life outside the European Union,
hardening her stance ahead of Prime Minister David Cameron’s
first meeting with fellow EU leaders since ...
Posted in Uncategorized | 1 Comment »
Tuesday, June 28th, 2016
Via TDSecurities:
US: Consumer Confidence Rebounds Strongly
· The headline consumer confidence index surged to an 8-month high in June, up to 98.0 from 92.4.
· This was a far stronger performance than the market consensus expectation for a far more muted rebound to 93.5.
· The overall tone of this report was encouraging, pointing ...
Posted in Uncategorized | Comments Off on Consumer Confidence
Tuesday, June 28th, 2016
Via Stephen Stanley at Amherst Pierpont Securities:
As is typical, the final revision to GDP in Q1 was a hodgepodge of revisions from relatively esoteric sources. The net result was a modest upward adjustment to growth in the period to an annualized 1.1% pace (you may or may not recall that ...
Posted in Uncategorized | 1 Comment »
Tuesday, June 28th, 2016
Via Bloomberg:
IG CREDIT: Volume Improves as Spreads Widen Further Still
2016-06-28 09:35:32.303 GMT
By Robert Elson
(Bloomberg) -- Secondary IG trading ended with a Trace
count of $12.7b vs $8.9b Friday, $11.7b the previous Monday. 10-
DMA $12.8b; 10-Monday moving avg $12.9b.
* 144a trading added $1.5b of IG volume vs $1.9b Friday, $1.7b
last Monday
* Most ...
Posted in Uncategorized | Comments Off on Some Corporate Bond Stuff
Tuesday, June 28th, 2016
Via Kit Juckes at SocGen:
<http://www.sgmarkets.com/r/?id=h10d04bab,1775af9f,1775afa0&p1=136122&p2=fd313f95849e384023da8fb688ebe052>
I'm not sure I have a sophisticated, subtle or clever thought left at this stage. Markets are bouncing, and can bounce further but the clouds on the horizon are dark, and they're real.
There's a pattern for Monday mornings to extend moves of the previous week before ...
Posted in Uncategorized | 1 Comment »
Tuesday, June 28th, 2016
Via Marc Chandler at Brown Brothers Harriman:
Dollar Softer as Calm Returns to the Markets
A measure of calm has returned to global financial markets
The Bank of England allotted GBP3.1 bln in a special ILTR liquidity operation
The Brexit result has added to the fog surrounding Fed policy
...
Posted in Uncategorized | Comments Off on FX