Archive for August, 2016
Wednesday, August 17th, 2016
Via Kit Juckes at SocGen:
)<http://www.sgmarkets.com/r/?id=h11296e58,180625a1,180625a2&p1=136122&p2=d4e8cbf7676e885c5ae760618014d445>
Market pricing of the odds of a 2016 Fed rate hike continue to gyrate with data and FOMC comments. Better housing starts and manufacturing output data yesterday reversed some of the recent sogginess but it was New York Fed President Bill Dudley's comments that markets are ...
Posted in Uncategorized | Comments Off on Early FX
Wednesday, August 17th, 2016
Via Bloomberg:
IG CREDIT: ORCL, ECOPET 10Y Issues Led on Client Selling
2016-08-17 09:36:58.882 GMT
By Robert Elson
(Bloomberg) -- Secondary IG trading ended with a Trace
count of $15.7b vs $11.5b Monday, $16.2b the previous Tuesday.
10-DMA $14.3b; 10-Tuesday moving avg $16.5b.
* 144a trading added $1.8b of IG volume vs $1.3b Monday, $2.1b
last Tuesday
* The ...
Posted in Uncategorized | Comments Off on Some Corporate Bond Stuff
Wednesday, August 17th, 2016
Via Bloomberg:
IG CREDIT PIPELINE: EBRD Set to Price; More Domestics Expected2016-08-17 09:29:27.253 GMTBy Robert Elson (Bloomberg) -- Expected to price today: * European Bank for Reconstruction & Development (EBRD) Aaa/AAA, to price $bench 4Y Global, via managers BMO/MS/TD; spread set at MS +11LATEST UPDATES * NextEra Energy (Baa1/A-) to buy ...
Posted in Uncategorized | Comments Off on Credit Pipeline
Wednesday, August 17th, 2016
Via WSJ:
Fed Survey: Obamacare Causing Companies to Cut Jobs
By
Vipal Monga
Aug 16, 2016 5:35 pm ET
7 COMMENTS
Many companies are cutting jobs in response to rising health care costs spurred by the Affordable Care Act, according to a new survey by the Federal Reserve Bank of New York.
Roughly ...
Posted in Uncategorized | Comments Off on Obama Care Causing Job Cuts
Wednesday, August 17th, 2016
Via Bloomberg:
Firm informed employees on Tuesday about the job reductions
Tudor has suffered $2.1 billion in redemptions this year
Billionaire Paul Tudor Jones dismissed about 15 percent of the workforce in a shakeup at his hedge fund that’s reeling from more than $2 billion in investor withdrawals this year.
Tudor Investment ...
Posted in Uncategorized | Comments Off on Tough Times at Tudor Hedge Fund
Wednesday, August 17th, 2016
Via Bloomberg:
Jillian Ward
jillianfward
August 16, 2016 — 8:51 PM EDT
Updated on August 16, 2016 — 9:32 PM EDT
CEO Robbins is shifting to emphasize software as growth slows
Cuts could account for up to 20 percent of 73,000 employees
Cisco Systems Inc., the largest maker of networking equipment, will cut as many as 14,000 ...
Posted in Uncategorized | Comments Off on Cisco To Layoff 20 Percent of Staff
Wednesday, August 17th, 2016
Via Bloomberg:
Nicholas Comfort
nickcomfort
August 17, 2016 — 4:44 AM EDT
Lender scrapped 2015 management bonuses following annual loss
No dividend means bonuses should be up for debate, Sewing says
Deutsche Bank AG’s supervisory board should discuss scrapping management-board members’ bonuses for a second year after Germany’s largest lender put dividend payments on hold, consumer ...
Posted in Uncategorized | Comments Off on Scrapping Bonuses at Deutsche Bank
Tuesday, August 16th, 2016
Via Bloomberg:
JPMorgan Treasury All-Client, Active Surveys Flip to Net Long
2016-08-16 11:20:27.301 GMT
By Stephen Spratt
(Bloomberg) -- In week ended Aug. 15, all-client moves to
net long, shows least neutrals since Nov. 23 2015.
* Active client survey shows most net longs since June 20
* All clients (Aug. 15 vs Aug. 8)
* Long: 31 ...
Posted in Uncategorized | Comments Off on JPMorgan Duration Survey
Tuesday, August 16th, 2016
Via Marc Chandler at Brown Brothers Harriman:
Dollar Slumps, Driver Not So Obvious
The US dollar is being sold across the board today
RBA minutes were released overnight
During the North American session, the US reports July CPI, IP, and housing starts/building permits
India reported higher than expected WPI inflation; ...
Posted in Uncategorized | Comments Off on More FX
Tuesday, August 16th, 2016
Via Kit Juckes at SocGen:
<http://www.sgmarkets.com/r/?id=h1127971c,18030d10,18030d11&p1=136122&p2=da1e6d227e94d860b23993edab08f866>
Thin August markets, soggy US data, highs in equities and a continuation of the weak dollar trend. Overnight, the oil price rally and Asian equities have run out of steam but the dollar remains under pressure. The Empire State manufacturing index, yesterday's only noteworthy economic release, ...
Posted in Uncategorized | Comments Off on Early FX