Archive for October, 2016
Monday, October 3rd, 2016
Via Bloomberg:
IG CREDIT: Volume Falls as Issuance Fades at Month/Quarter End
2016-10-03 09:50:48.453 GMT
By Robert Elson
(Bloomberg) -- Secondary IG trading ended with a Trace
count of $15.3b Friday vs $15.8b Thursday, $13.3b the previous
Friday. 10-DMA $16.2b.
* 144a trading added $2.2b of IG volume vs $3.2b Thursday, the
highest 144a trading session since $3.5b ...
Posted in Uncategorized | Comments Off on Some Corporate Bond Stuff
Monday, October 3rd, 2016
Via Bloomberg:
IG CREDIT PIPELINE: Long List Awaits Start of Final Quarter
2016-10-03 09:29:31.752 GMT
By Robert Elson
(Bloomberg) -- LATEST UPDATES:
* Export-Import Bank of Korea (EIBKOR) Aa2/AA, hires
ANZ/BAML/CA/Miz/Samsung/SG/UBS for investor meetings from
Oct. 3; USD short to intermediate maturity deal may follow
* UPL Corp (UPL) Baa3/BBB-, mandates ANZ/C/CS/DB/JPM for
investor meetings Sept. 29-Oct. 4; 144a/Reg-S ...
Posted in Uncategorized | Comments Off on Credit Pipeline
Monday, October 3rd, 2016
Via the NYTimes:
Ailing Obama Health Care Act May Have to Change to Survive
By ROBERT PEAROCT. 2, 2016
WASHINGTON — The fierce struggle to enact and carry out the Affordable Care Act was supposed to put an end to 75 years of fighting for a health care system to insure all Americans. ...
Posted in Uncategorized | Comments Off on Fixing ObamaCare
Monday, October 3rd, 2016
Via Bloomberg:
Ranjeetha Pakiam
David Stringer
david_stringer
October 2, 2016 — 10:43 PM EDT
Updated on October 3, 2016 — 2:50 AM EDT
China data ‘undeniably beneficial’ for metals: CME’s Norland
LME Index has advanced to its highest in more than a year
Copper advanced as industrial metals held gains that have pushed them into a bull market ...
Posted in Uncategorized | Comments Off on Metals in Bull Market
Monday, October 3rd, 2016
Via WSJ:
An OPEC Output Cut Not Likely to Alter Oil Imbalance
Many analysts say the proposed reduction isn’t big enough, nor will it happen quickly enough
By Nicole Friedman
Oct. 2, 2016 2:08 p.m. ET
OPEC’s move to cut output might be too late.
After pumping full tilt for the past two years, the Organization ...
Posted in Uncategorized | Comments Off on OPEC Output Cut is Too Little and Too Late
Monday, October 3rd, 2016
Via Kit Juckes at SocGen:
<http://www.sgmarkets.com/r/?id=h1170311f,187ac0b5,187ac0b6&p1=136122&p2=f94495df1b24d80c637ae8da04b27a1e>
The first working day of October means the darkest start in months and despite being a beatiful autumnal morning, cold. Markets are quiet with a bunch of places off, and the early focus is on PMIs, though we did get some sterling softness afteer Mrs May's ...
Posted in Uncategorized | Comments Off on Early FX
Monday, October 3rd, 2016
Via Bloomberg:
Carolynn Look
carolynnlook
October 3, 2016 — 4:00 AM EDT
Updated on October 3, 2016 — 4:20 AM EDT
PMI increased to 52.6 in September from 51.7 in August
Stronger demand seen from domestic, international customers
Manufacturing in the euro area accelerated in September as incoming new business grew at the fastest pace in three ...
Posted in Uncategorized | Comments Off on European Manufacturing Shows Some Strength
Sunday, October 2nd, 2016
Via WSJ:
Deutsche Bank and the Unintended Consequence
How Dodd-Frank and other steps to redress the 2008 crisis are helping to foment the next panic.
By Holman W. Jenkins, Jr.
Sept. 30, 2016 6:39 p.m. ET
Hillary Clinton in Monday’s debate attributed the 2008 financial crisis to “trickle down” economics and Republican tax cuts. That’s ...
Posted in Uncategorized | 2 Comments »
Sunday, October 2nd, 2016
Via WSJ:
Credit Markets
Why the Bond Bulls Will Keep Running
The fourth quarter will likely bring continued strength for bond prices, many portfolio managers say
By Min Zeng
Oct. 2, 2016 7:00 a.m. ET
0 COMMENTS
The fourth quarter will likely bring continued strength for bond prices, many portfolio managers say.
While the yield on the 10-year ...
Posted in Uncategorized | Comments Off on Bond Bull Case