Archive for November, 2016
Monday, November 21st, 2016
Via Luke Kawa at Bloomberg:
Why the Federal Reserve Must Become the World's 'Dealer of Last Resort'
The U.S. central bank could be left holding an elephant-sized bag as a global dollar-shortage bites.
Luke Kawa LJKawa
November 21, 2016 — 3:14 AM EST
As President-elect Donald Trump threatens to turn away from ...
Posted in Uncategorized | Comments Off on Alleviating a Global Dollar Shortage
Sunday, November 20th, 2016
Via Bloomberg:
Saudis seek collective curbs under ‘Four Pillar’ approach
Iran and Iraq pose challenge, Russia participation in question
OPEC says it’s close to a deal to cut oil output for the first time since 2008, a move that may halt a 2 1/2-year price slump. The actions of individual member ...
Posted in Uncategorized | Comments Off on Will OPEC Cut Output?
Sunday, November 20th, 2016
Via WSJ:
By
Justin Lahart
Nov. 20, 2016 12:18 p.m. ET
5 COMMENTS
Whatever President-elect Donald Trump’s policies bring about, the Treasury market’s fever has finally broken.
In the short time since Election Day, long-term Treasurys have experienced their swiftest setback in over seven years, with prices tumbling and yields shooting higher. ...
Posted in Uncategorized | Comments Off on Trump Trade and Term Premium
Saturday, November 19th, 2016
Via Bloomberg:
Bond Traders Sound Inflation Alarm Amid Worst Rout Since 2001
Yun Li
November 19, 2016 — 12:01 AM EST
Ten-year breakeven rate reaches highest level since 2015
Long end of yield curve is ‘dangerous’: BlackRock’s Rieder
The rout in the fixed-income universe deepened into the worst in 15 years as traders sounded ...
Posted in Uncategorized | Comments Off on Ten Year TIPS Breakevens at 2015 Levels
Saturday, November 19th, 2016
Says Randall Forsyth at Barron's:
By
Randall W. Forsyth
November 19, 2016
As Donald J. Trump attempts to assemble his cabinet, he can only look with envy on George Washington, who could tap such towering figures as Thomas Jefferson as secretary of state and Alexander Hamilton as secretary of the Treasury. Long before the ...
Posted in Uncategorized | 2 Comments »
Thursday, November 17th, 2016
Via Bloomberg:
Until he takes office in January, President-elect Donald Trump won’t be able to follow through on his pledges to scrap the Trans-Pacific Partnership, renegotiate the North American Free Trade Agreement, or penalize Chinese imports. Even without him, protectionism is rising, and world trade is slowing.
Responding to an outcry from ...
Posted in Uncategorized | Comments Off on Global Trade Slowing
Thursday, November 17th, 2016
Via Bloomberg:
LAUNCH: Abbott Laboratories $15.1b Debt Offering in 6 Parts
2016-11-17 19:42:20.999 GMT
By Lisa Loray
(Bloomberg) -- Total deal size $15.1b across 6 tranches.
* Tranches (Guidance, IPT):
* $2.85b 3Y (11/22/2019) at +105
* +110a, +120a
* $2.85b 5Y (11/30/2021) at +120
* +125a, +135a
* $1.5b 7Y (11/30/2023) at +140
* +145a, +155a
* $3b 10Y (11/30/2026) at ...
Posted in Uncategorized | Comments Off on Abbot Lab Pricing
Thursday, November 17th, 2016
It looks as though Obamanomics really starting to work!
Via FRBAtlanta:
Latest forecast: 3.6 percent — November 17, 2016
The GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the fourth quarter of 2016 is 3.6 percent on November 17, up from 3.3 percent on November 15. The forecast of ...
Posted in Uncategorized | Comments Off on GDP Now
Thursday, November 17th, 2016
Via Bloomberg:
NEW DEAL: Abbott Laboratories $15.1b; 3Y, 5Y, 7Y, 10Y, 20Y, 30Y
2016-11-17 13:49:33.937 GMT
By Brian Smith
(Bloomberg) -- Expected to price today; deal size $15.1b
will not grow.
* IPT:
* 3Y (11/22/2019): +120a
* 5Y (11/30/2021): +135a
* 7Y (11/30/2023): +155a
* 10Y (11/30/2026): +170a
* 20Y (11/30/2036): +190a
* 30Y (11/30/2046): +205a
* Issuer: Abbott Laboratories (ABT)
* Expected ...
Posted in Uncategorized | Comments Off on Chunky Corporate Deal
Thursday, November 17th, 2016
Via Stephen Stanley at Amherst Pierpont Securities:
Chair Yellen’s testimony before the Joint Economic Committee was very basic and workmanlike. She repeated a lot of the main themes that she has explored this year as well as reiterating the guidance from the last few FOMC statements that the case for a ...
Posted in Uncategorized | Comments Off on Yellen Analysis