Archive for October, 2016
Monday, October 31st, 2016
Via Bloomberg:
October 30, 2016 — 8:20 PM EDT Updated on October 31, 2016 — 2:36 AM EDT
Trade-weighted dollar is at the strongest level since March
U.S. financial conditions gauge has been negative since July
The dollar’s climb to a seven-month high has Goldman Sachs Asset Management concerned further appreciation ...
Posted in Uncategorized | 1 Comment »
Monday, October 31st, 2016
Via Marc Chandler at Brown Brothers Harriman:
Drivers for the Week Ahead
In the US, there are three drivers: politics, FOMC meeting, and the employment report
The eurozone reports the three most important macroeconomic data points: GDP, inflation, and unemployment
Of the four central banks that meet, the Bank of England ...
Posted in Uncategorized | Comments Off on FX
Monday, October 31st, 2016
Via WSJ:
By
Asjylyn Loder
Oct. 30, 2016 7:00 a.m. ET
Wall Street’s bet against fear, a big winner this year, is starting to wane.
The relative calm in the U.S. stock market has made wagering on a decline in the CBOE Volatility Index, or VIX, a popular trade for much of this ...
Posted in Uncategorized | Comments Off on Betting on Higher Vol
Monday, October 31st, 2016
Via Bloomberg:
OPEC Sees More Cut Exemption Requests
The growing list of OPEC members seeking exemptions from a planned supply cut has investors seeing future price drops.
Money managers increased bets on lower West Texas Intermediate oil for the first time in five weeks as Iraq joined Iran, Nigeria and Libya in seeking to ...
Posted in Uncategorized | Comments Off on No Production Accord at OPEC
Monday, October 31st, 2016
Via Bloomberg:
IG CREDIT: Volume Drops 30% as Spreads Leak Wider
2016-10-31 09:43:09.330 GMT
By Robert Elson
(Bloomberg) -- Secondary IG trading ended with a Trace
count of $14.3b Friday vs $20.3b Thursday, the highest volume
since July, $12b the previous Friday. 10-DMA $16.5b; 10-Friday
moving avg $12.1b.
* 144a trading added $1.7b of IG volume Friday vs ...
Posted in Uncategorized | Comments Off on Some Early Corporate Bond Stuff
Monday, October 31st, 2016
Via Kit Juckes at SocGen:
<http://www.sgmarkets.com/r/?id=h11a64bfd,18d1d930,18d1d931&p1=136122&p2=c7c826f52e5e15483e6c287f65680e0a>
With a little over a week to go until the US Presidential Election, it's no surprise that politics is set to play an even bigger role in markets in the coming days. This morning, rather than creating the sort of Halloween 'fright night' that would suit ...
Posted in Uncategorized | Comments Off on Early FX
Monday, October 31st, 2016
Via Bloomberg:
IG CREDIT PIPELINE: Dealers Expect at Least $20b of IG Deals
2016-10-31 09:15:33.43 GMT
By Robert Elson
(Bloomberg) -- 80% of dealers, in a Bloomberg survey, look
for at least $20b of new IG issuance this week. 39% think it
will be over $25b; 18% over $30b.
LATEST UPDATES:
* Dow Chemical (DOW) Baa2/BBB, filed debt ...
Posted in Uncategorized | Comments Off on Credit Pipeline
Sunday, October 30th, 2016
Via WSJ:
By
Chelsey Dulaney
Updated Oct. 27, 2016 7:49 p.m. ET
Some currency investors, worried that events such as the pound’s recent collapse could become more common, are abandoning an automated trading mechanism that was supposed to protect them from losses after big market swings.
The trading mechanism, known as a ...
Posted in Uncategorized | Comments Off on Stops Are For Buses
Sunday, October 30th, 2016
Via Greg Ip at WSJ:
By
Greg Ip
Updated Oct. 30, 2016 5:04 p.m. ET
After being given up for dead, inflation is gradually coming back to life.
It’s not roaring back. Indeed, it’s still below the 2% level the Federal Reserve targets, one reason the Fed is almost certain to leave ...
Posted in Uncategorized | Comments Off on Just a Slight Whiff of Inflation Wafting Through the Macroeconomic Breeze
Thursday, October 27th, 2016
Via Bloomberg:
IG CREDIT: Client Buying of Long Bonds Lead High Volume Session
2016-10-27 10:12:19.770 GMT
By Robert Elson
(Bloomberg) -- Secondary IG trading ended with a Trace
count of $18.9b vs $19.5b Tuesday, $18.1b last Wednesday.
* Highest of any Wednesday since $19.6b on July 20
* 15th highest of any Wednesday since Nov. 2005, more ...
Posted in Uncategorized | Comments Off on Some Corporate Bond Stuff