Archive for July, 2016
Monday, July 18th, 2016
Via Kit Juckes at SocGen:
<http://www.sgmarkets.com/r/?id=h10f2a5af,17aca2b8,17aca2b9&p1=136122&p2=c9cd4dbc9c89f03f15d20b39c5f6d704>
Thoughts from last night are in the link above if you had better things to do than read nonsense on a Sunday evening. An Englishman won a game of tennis, a Swede won a game of golf and a Colombian won a bike race (or at ...
Posted in Uncategorized | Comments Off on Early FX
Friday, July 15th, 2016
Via Blomberg:
IG CREDIT: Client Selling Noted in Most Active Issues
2016-07-15 09:44:34.35 GMT
By Robert Elson
(Bloomberg) -- Secondary IG trading ended with a Trace
count of $16.6b vs $17.1b Wednesday, $16.9b the previous
Thursday. 10-DMA $16.0b; 10-Thursday moving avg $16.5b.
* 144a trading added $2.0b of IG volume vs $2.6b on Wednesday,
$1.6b last Thursday
* Most ...
Posted in Uncategorized | Comments Off on Some Corporate Bond Stuff
Friday, July 15th, 2016
Via Bloomberg:
Andy Haldane said he will probably push for Bank of England stimulus next month to bolster the U.K. economy after the nation’s vote to leave the European Union.
Policy easing will likely be required to “protect the economy and jobs from a downturn” caused by uncertainty, the BOE chief economist ...
Posted in Uncategorized | Comments Off on Bank of England Economist to Push For Ease
Friday, July 15th, 2016
Via Bloomberg:
European car-sales growth slowed in June as the British vote on exiting the European Union weighed on business and consumer confidence.
Registrations rose 6.5 percent from a year earlier to 1.51 million vehicles, the weakest gain since March, as demand in the U.K., the region’s second-biggest market, slid 0.8 percent. ...
Posted in Uncategorized | Comments Off on Slower Car Sales in Europe
Friday, July 15th, 2016
Via Bloomberg:
China Growth Steadies on Consumer, Dimming Stimulus Expectations
Bloomberg News
July 14, 2016 — 10:00 PM EDT
Updated on July 15, 2016 — 3:36 AM EDT
Retail sales and factory output beat estimates in June
Nomura raises 2016 GDP growth forecast to 6.5% from 6%
China’s growth stabilized as lending and consumer spending picked up, ...
Posted in Uncategorized | Comments Off on China Data
Friday, July 15th, 2016
Via Bloomberg:
IG CREDIT PIPELINE: WFC Possible Today; BAYER, SAUDI Updates
2016-07-15 09:27:06.471 GMT
By Robert Elson
(Bloomberg) -- Wells Fargo announces earnings, exits
blackout this morning; has issued 3 times this year on a Friday.
* Has $18b still to mature this year, including $2.5b July 20
* Has another $18.2b maturing next year, largest in ...
Posted in Uncategorized | Comments Off on Credit Pipeline
Friday, July 15th, 2016
Via Kit Juckes at SocGen:
A sombre mood at the morning meeting and thoughts are with the bereaved and injured. Markets don't matter much next to all this but risk sentiment is hoilding up, the yen is weaker, the pound is stronger, equities up, commodities stable and 10yr Notes comfortable above ...
Posted in Uncategorized | Comments Off on FX
Thursday, July 14th, 2016
Via Robert Sinche at Amherst Pierpont Securities:
CHINA: The 2Q preliminary (and rarely revised) GDP report will be added to the normal important monthly data on IP and Retail Sales. The BBerg consensus expects 2Q Real GDP to be reported at 6.6% YOY, down a tic from 6.7% in 1Q and ...
Posted in Uncategorized | Comments Off on Overnight Data Preview
Thursday, July 14th, 2016
Via Stephen Stanley at Amherst Pierpont Securities:
Initial unemployment claims failed to rebound after last week’s drop. The number of new filers for the week ended July 9 held steady at 254,000, dragging the four-week average below 260K for the first time since April. July is a particularly difficult month for ...
Posted in Uncategorized | 1 Comment »
Thursday, July 14th, 2016
Via Bloomberg:
IG CREDIT: Volume Eases Off High Levels; Issuance the Focus
2016-07-14 09:44:05.975 GMT
By Robert Elson
(Bloomberg) -- Secondary IG trading ended with a Trace
count of $17.1b vs $21.3b Tuesday, the 5th highest session back
to 2005 when the series began, $18.5b the previous Wednesday.
* 10-DMA $16.1b; 10-Wednesday moving avg $17b
* 144a trading ...
Posted in Uncategorized | Comments Off on Some Corporate Bond Stuff