Archive for August, 2016
Friday, August 26th, 2016
Via Millan Mulraine at TDSecurities:
TD SECURITIES DATAFLASH
US: Yellen Begins Hawkish Pivot
· The tone of Yellen’s remarks was less dovish than we have come accustomed to, potentially signaling a shift in the Fed’s monetary policy stance.
· Of particular note was the reference to the economy “nearing” its “statutory goals”.
· Her inflation, ...
Posted in Uncategorized | 2 Comments »
Friday, August 26th, 2016
Via Marc Chandler at Brown Brothers Harriman:
Dollar Still Rangebound Ahead of Yellen
The highlight for today is Fed Chair Yellen’s Jackson Hole speech at 10 AM ET
During the North American session, the US reports advanced trade and wholesale inventories for July, Q2 GDP revision, and University of Michigan ...
Posted in Uncategorized | Comments Off on FX
Friday, August 26th, 2016
Via Bloomberg:
IG CREDIT: MSFT, GE Cap Long Bonds Topped Most Active List
2016-08-26 09:54:22.153 GMT
By Robert Elson
(Bloomberg) -- Secondary IG trading ended with a Trace
count of $14.6b Thursday vs $16.1b Wednesday, $15b the previous
Thursday. 10-DMA $13.4b.
* 144a trading added $1.8b of IG volume vs $2.4b Wednesday,
$1.5b last Thursday
* The most active ...
Posted in Uncategorized | Comments Off on Some Corporate Bond Stuff
Friday, August 26th, 2016
Via Bloomberg:
August 25, 2016 — 11:24 AM EDT
Updated on August 26, 2016 — 3:48 AM EDT
The man in charge of managing Sweden’s state debt signaled the Riksbank may soon be reaching the limits of its government bond purchase program amid signs that liquidity is suffering.
“What we’re saying to the Riksbank ...
Posted in Uncategorized | Comments Off on QE in Sweden Damages Market Liquidity
Friday, August 26th, 2016
Via Bloomberg:
IG CREDIT PIPELINE: KOROIL Added, SAUDI Updated as List Grows
2016-08-26 09:33:10.669 GMT
By Robert Elson
(Bloomberg) -- LATEST UPDATES
* Kingdom of Saudi Arabia (SAUDI), may raise more than $10b
following roadshows in late Sept.
* Said to have hired 6 banks to lead first intl bond sale
(July 14)
* Korea National Oil (KOROIL) Aa2/AA, ...
Posted in Uncategorized | Comments Off on Credit Pipeline
Friday, August 26th, 2016
Via Bloomberg:
Japan’s CPI Falls for 5th Month, Raising Pressure on Kuroda
Toru Fujioka
August 25, 2016 — 7:35 PM EDT
Updated on August 26, 2016 — 1:05 AM EDT
Consumer prices in Japan fell for a fifth straight month, underscoring the central bank’s struggle to spur inflation to its 2 percent target. Friday’s figures ...
Posted in Uncategorized | Comments Off on CPI in Japan Falls for 5th Consecutive Month
Friday, August 26th, 2016
Via Bloomberg:
Sentiment rebounds from 3-year low in aftermath of referendum
Britons yet to feel tangible impact of vote: YouGov’s Harmston
U.K. consumer confidence rose the most in more than three years this month as the initial shock from Britain’s decision to leave the European Union faded.
An index of sentiment by ...
Posted in Uncategorized | Comments Off on UK Consumer Confidence Rebounds Post Brexit
Friday, August 26th, 2016
Via WSJ:
By Anna Louie Sussman
Updated Aug. 25, 2016 7:22 p.m. ET
124 COMMENTS
Growth in overall health-care spending is slowing, but middle-class families’ share of the tab is getting larger, squeezing households already feeling stretched financially.
Overall, health-care spending across the economy reached 18.2% of gross domestic product as of June, up from ...
Posted in Uncategorized | Comments Off on Healthcare Spending Takes Pound of Flesh From Middle Class
Friday, August 26th, 2016
Via Bloomberg:
World’s Biggest Pension Fund Loses $52 Billion in Stock Rout
Yuko Takeo
grey_whistle
Shigeki Nozawa
August 26, 2016 — 2:30 AM EDT
Updated on August 26, 2016 — 3:16 AM EDT
Japan’s GPIF wipes out all gains since shift to shares
Investment losses are no reason to change strategy: Sera
The world’s biggest pension fund posted a ...
Posted in Uncategorized | Comments Off on Giant Japan Pension Fund Takes Hit in Q2
Thursday, August 25th, 2016
Via Barron's:
Hulbert on Markets
Uh Oh, the Wall of Worry Just Came Tumbling Down
Whenever market timers have been this bullish in the past, the market was headed for a fall.
By
Mark Hulbert
Updated Aug. 25, 2016 11:36 a.m. ET
Getty Images
Bullishness on Wall Street has soared over the past two months as the stock ...
Posted in Uncategorized | Comments Off on Wall of Worry Dismantled