Archive for September, 2016
Monday, September 26th, 2016
Via Bloomberg:
Liz McCormick
mccormickliz
Andrea Wong
MsAndreaWong
Wes Goodman
richwesgoodman
September 25, 2016 — 7:00 PM EDT
Updated on September 26, 2016 — 4:04 AM EDT
Central banks have cut Treasuries for three straight quarters
Pullback may be a sign the bond market is at a tipping point
They’ve long been one of the most reliable sources of demand for ...
Posted in Uncategorized | Comments Off on Central Banks Turn to Sellers
Monday, September 26th, 2016
Via Marc Chandler at Brown Brothers Harriman:
Drivers for the Week Ahead
The first US Presidential debate is a wild card, in the sense that the outcome is unknown
The weekend elections in Spain's Basque country and Galicia may resolve the nine-month deadlock in Spain's national politics
The OPEC ...
Posted in Uncategorized | Comments Off on FX
Monday, September 26th, 2016
Via Bloomberg:
IG CREDIT: Shire, Gilead 10Y, 30Y Top Most Active List
2016-09-26 09:44:37.531 GMT
By Robert Elson
(Bloomberg) -- Secondary IG trading ended with a Trace
count of $13.3b Friday vs $18.5b Thursday, $12b last Friday. 10-
DMA $15.5b; 10-Friday moving avg $11.3b.
* 144a trading added $2.9b of IG volume Friday vs $2.7b on
Thursday, $1.8b ...
Posted in Uncategorized | Comments Off on Some Corporate Bond Stuff
Monday, September 26th, 2016
Via Bloomberg:
Jan-Henrik Foerster
JanFoe
September 26, 2016 — 3:18 AM EDT
Updated on September 26, 2016 — 4:52 AM EDT
Short sellers renew wagers as price of convertible debt drops
U.S. seeking $14 billion to resolve mortgage securities probe
Deutsche Bank AG shares dropped to a record low amid concerns that mounting legal bills, including a ...
Posted in Uncategorized | Comments Off on Travails at DeutscheBank Weigh on Equity markets
Monday, September 26th, 2016
Via Bloomberg:
IG CREDIT PIPELINE: GAIF, ICBCIL to Price, SUMIBK Added
2016-09-26 09:23:28.443 GMT
By Robert Elson
(Bloomberg) -- Set to price today:
* Goodman Australia (GAIF) Baa1/BBB+, to price $bench
144a/Reg-S 10Y, via ANZ/HSBC/JPM; IPT +215 area
* ICBC Finance (ICBCIL) A2/A, to price 2-part 144a/Reg-S deal,
via C/BNP/BoC/GS/ICBC/JPM/ShangPudong
* 3Y, IPT +155 area
* 5Y, IPT +160 area
LATEST ...
Posted in Uncategorized | Comments Off on Credit Pipeline
Monday, September 26th, 2016
Via Kit Juckes at SocGen:
<http://www.sgmarkets.com/r/?id=h116737ba,186bf519,186bf51a&p1=136122&p2=1c01c13927dbd462219ca78348e70c0b>
I knew this was going to be a long day when , rushing out of the house late, the first thing I heard on the radio was the shipping forecast, which is on at 5:30 (not 6:30, doh!), but I was rewarded with a spectacular red ...
Posted in Uncategorized | Comments Off on Early FX
Sunday, September 25th, 2016
Via Bloomberg:
China's Runaway Housing Market Poses Latest Challenge for Yuan
Bloomberg News
September 25, 2016 — 7:34 PM EDT
Here's the latest uncertainty facing China's currency: sky high house prices.
A runaway boom in the largest cities will push investors to look for cheaper alternatives overseas, draining money out of China and putting downward ...
Posted in Uncategorized | Comments Off on Threat to Yuan in China Housing Boom
Sunday, September 25th, 2016
Via WSJ:
Profit Slump for S&P 500 Heads for a Sixth Straight Quarter
Analysts have been cutting estimates for U.S. earnings, after earlier projecting a return to growth during the third quarter
By Corrie Driebusch
Sept. 25, 2016 4:45 p.m. ET
The third quarter was supposed to be when earnings growth returned to U.S. companies. ...
Posted in Uncategorized | Comments Off on Profit Recession
Sunday, September 25th, 2016
Via Bloomberg:
Goldman Sachs Said to Plan 25% Cut to Asia Investment Bank Jobs
Cathy Chan
chan_cat
September 24, 2016 — 5:07 AM EDT
About 75 posts said to be lost in Asia region, excluding Japan
Goldman Sachs is said to make job cutbacks later this year
Goldman Sachs Group Inc. plans to cut about a quarter ...
Posted in Uncategorized | Comments Off on Goldman Layoffs
Sunday, September 25th, 2016
Via Bloomberg:
Contagion Risks Rise as Chinese Banks Fund Each Others’ Lending
Bloomberg News
September 25, 2016 — 12:01 PM EDT
China’s smaller banks have never been more reliant on each other for funding, prompting rating companies to warn of contagion risks in any crisis.
Wholesale funds, including those raised in the interbank market, accounted ...
Posted in Uncategorized | Comments Off on Contagion Risk