Archive for September, 2016
Wednesday, September 7th, 2016
Via Bloomberg:
IG CREDIT PIPELINE: 9 to Price, More Names, Updates Added
2016-09-07 10:34:41.917 GMT
By Robert Elson
(Bloomberg) -- Expected to price today:
* Kommuninvest (KOMINS) Aaa/AAA, to price $bench 144a/Reg-S
3Y, via managers C/Daiwa/HSBC/Nordea; guidance MS +14 area
* Inter-American Development Bank (IADB) Aaa/AAA, to price
$bench Global 5Y, via BAML/JPM/Nom/RBC; guidance MS +23 area
* Instituto ...
Posted in Uncategorized | Comments Off on Credit Pipeline
Wednesday, September 7th, 2016
Via Bloomberg:
Steve Matthews
SteveMatthews12
September 7, 2016 — 12:00 AM EDT
For decades, a growing pool of college graduates poured into the U.S. labor market, boosting productivity and shaping America’s status as the world’s dominant economic power.
That driver of growth is diminishing. Enrollment has declined every year since peaking in 2011, according to ...
Posted in Uncategorized | Comments Off on Declining College Enrollment and Productivity
Wednesday, September 7th, 2016
Tomorrow the Treasury will announce its schedule for auctions of 3s 10s and 30s. There is a tentative schedule which they publish and generally adhere to and that schedule has both 3s and 10s on Monday and the Long Bond on Tuesday. The 3 year would be a day earlier ...
Posted in Uncategorized | Comments Off on Treasury Auction Schedule
Wednesday, September 7th, 2016
Via Bloomberg:
Johan Carlstrom
claescarl
Amanda Billner
abillner
September 7, 2016 — 3:32 AM EDT
Updated on September 7, 2016 — 4:50 AM EDT
Riksbank keeps rate at minus 0.5%, QE measures unchanged
Outlook for rate increases maintained at second half of 2017
Sweden’s central bank is expected to deliver one final injection of stimulus in the form of ...
Posted in Uncategorized | Comments Off on Sweden’s Riskbank Leaves Rates Unchanged
Wednesday, September 7th, 2016
Via Bloomberg:
Carolynn Look
carolynnlook
September 7, 2016 — 2:00 AM EDT
Output slumped 1.5 percent vs estimated 0.1 percent increase
Manufacturing orders rose less than forecast in July
German industrial production fell by the most in almost two years in July as manufacturing suffered from subdued global trade.
Production, adjusted for seasonal swings, fell 1.5 percent ...
Posted in Uncategorized | Comments Off on German IP Tumbles
Wednesday, September 7th, 2016
Via Kit Juckes at SocGen:
<http://www.sgmarkets.com/r/?id=h114599f0,1835b227,1835b228&p1=136122&p2=8bc3867b81ec14b0e9402e7ea8a46a4c>
I'm tempted to start with 'Bah, Humbug' after the US ISM data told us that we remain stuck in market no-man's land with vol depressed, mnonetary policy staying easy, any kind of economic acceleration elusive. San Francisco Fed President John Williams sees the data, but sees ...
Posted in Uncategorized | Comments Off on Early FX
Tuesday, September 6th, 2016
via Blomberg:
Williams sees inflation on track to reach Fed’s 2 percent goal
San Francisco Fed chief brushes off disappointing U.S. data
Federal Reserve Bank of San Francisco President John Williams painted an upbeat picture of the U.S. economy in a speech on Tuesday, despite recent disappointing data that have led ...
Posted in Uncategorized | Comments Off on Williams Urges Hikes Sooner Rather Than Later
Tuesday, September 6th, 2016
It is strange enough that governments can borrow at negative yields but now the WSJ reports that two European companies will issue short term debt at negative yields.
Those who buy this should have their urine tested.
Via WSJ:
By Christopher Whittall
Sept. 6, 2016 8:46 a.m. ET
LONDON—Two large European companies are set to ...
Posted in Uncategorized | Comments Off on Paid to Borrow
Tuesday, September 6th, 2016
Via TDSecurities:
US: ISM PMIs Not Helpful for September
· The August ISM non-manufacturing PMI weakened to 51.4 vs 55.5 in July and 55.0 in Q2, indicating a moderation in economic momentum in the third quarter. The August index missed consensus expectations for a more modest slip to 55.0.
· The survey's details were ...
Posted in Uncategorized | Comments Off on PMI
Tuesday, September 6th, 2016
Via Marc Chandler at Brown Brothers Harriman:
Dollar Soft As US and Canada Return from Holiday
The RBA was the first of four central banks from high income countries that meet this week
Although the BOJ meets later in a couple of weeks, it remains in focus
The UK's BRC snapped ...
Posted in Uncategorized | Comments Off on FX