Archive for July, 2016
Sunday, July 3rd, 2016
Via Robert Sinche at Amherst Pierpont Securities:
WEEKEND
AUSTRALIA: The Melbourne Institute estimated monthly CPI inflation index for June will follow the record low 1.0% reported for May.
EURO ZONE: the Bberg consensus expects the Sentix Investor Confidence index to have slipped back only slightly to 5.0 in July from 9.9 in ...
Posted in Uncategorized | Comments Off on Weekend Data Preview (Long)
Friday, July 1st, 2016
Via Marc Chandler at Brown Brothers Harriman:
Markets Head Quietly into the Weekend
Carney brought the fireworks to his speech yesterday
S&P cut the EU by a notch to AA with stable outlook
Japan reported Q1 Tankan, May unemployment, household spending, and national CPI overnight
China reported official and ...
Posted in Uncategorized | Comments Off on FX
Friday, July 1st, 2016
Via Bloomberg:
World Biggest Pension Fund Seen Losing $43 Billion Last Quarter
Anna Kitanaka
onlyanna100
Shigeki Nozawa
July 1, 2016 — 5:20 AM EDT
Morgan Stanley MUFG, SMBC Nikko see GPIF posting losses
GPIF’s assets probably fell to 133 trillion yen, Iwao says
Losses for the world’s biggest pension fund likely deepened in the quarter just ended, extending ...
Posted in Uncategorized | Comments Off on Small Mark to Market Hickey
Friday, July 1st, 2016
Ms Lynch met with former President Clinton the other day and with Mrs Clinton under investigation for her self serving server this has created a mini political firestorm regarding the appropriateness of such a meeting. The NYTimes reports that MS Lynch will announce today that she will not overrule the ...
Posted in Uncategorized | Comments Off on NYTimes Reports That AG Lynch Will Accept FBI Recommendation on Hillary Clinton Email Scandal
Friday, July 1st, 2016
Via Bloomberg:
Pimco Says Market Underestimates Fed Rate Path, Recommends TIPS
Wes Goodman
richwesgoodman
June 30, 2016 — 9:52 PM EDT
Updated on July 1, 2016 — 1:54 AM EDT
Pacific Investment Management Co., which manages the world’s biggest active bond fund, says traders are underestimating the potential for the Federal Reserve to raise interest rates ...
Posted in Uncategorized | Comments Off on PIMCO Touts TIPS
Friday, July 1st, 2016
Via news.com.au:
Japan CPI falls for third month in May
July 1, 20162:07pm
The Japanese consumer price index (CPI) declined 0.4 per cent for the third consecutive month in May from a year earlier, according to released data.
The index, which excludes volatile fresh food prices, rose 0.1 per cent compared with April, when ...
Posted in Uncategorized | Comments Off on Soft CPI in Japan
Friday, July 1st, 2016
Via The Street.Com:
A closely watched gauge of the Chinese manufacturing sector fell at its fastest pace in four months in June, defying expectations for only a minor slowdown.
The Caixin purchasing managers' index tumbled to 48.6 in June from 49.2 in May, well under expectations for a reading of 49.1. Index ...
Posted in Uncategorized | Comments Off on Measure of China PMI Slips
Friday, July 1st, 2016
Via Bloomberg:
IG CREDIT: ORCL Issues Led Best Trading Volume Since April2016-07-01 09:43:44.506 GMTBy Robert Elson (Bloomberg) -- Secondary IG trading ended with a Tracecount of $19.9b, the highest volume since $20.1b April 20 andthe 20th highest session on record, vs $17.7b Wednesday, $11.9blast Thursday. * IG trading 5th highest of ...
Posted in Uncategorized | Comments Off on Some Corporate Bond Stuff
Friday, July 1st, 2016
Via Bloomberg:
IG CREDIT PIPELINE: Long List Awaits July Issuance
2016-07-01 09:27:19.296 GMT
By Robert Elson
(Bloomberg) --
LATEST UPDATES
* Potash Corp Of Saskatchewan (POT) A3/BBB+, files automatic
debt shelf; last issued March 2015
* Transelec S.A. (TSELEC) Baa1/BBB/BBB, has mandated
C/JPM/Sco/Santan to arrange investor meetings June 30-July
6; potential 144a/Reg-S transaction may follow
* Monsanto (MON) A3/BBB+, still in ...
Posted in Uncategorized | Comments Off on Credit Pipeline
Friday, July 1st, 2016
Via Kit Juckes at SocGen:
Here goes for July. It's a beautiful morning in Athens but the FT's Festival of Finance beckons in London. I scribbled some thoughts on the extent of FX moves away from fair value, as a way of thinking about how far the pound can fall. Updated ...
Posted in Uncategorized | Comments Off on Early FX