Archive for November, 2016
Monday, November 14th, 2016
Via Bloomberg:
IG CREDIT: Volume Remains High; Yields Move Higher Still
2016-11-14 10:48:14.729 GMT
By Robert Elson
(Bloomberg) -- Secondary IG trading ended with a Trace
count of $19.8b, the 7th highest Thursday session since 2005, vs
$20.2b Wednesday, $15.9b the previous Thursday.
* Trading volume was 18th highest since Nov. 2005, more than
on 99.3% of trading ...
Posted in Uncategorized | Comments Off on Some Corporate Bond Stuff
Monday, November 14th, 2016
Via Bloomberg:
IG CREDIT PIPELINE: Heavy Issuance Expected, May Include M&A
2016-11-14 10:26:08.390 GMT
By Robert Elson
(Bloomberg) -- A Bloomberg survey of dealers and clients
had 75% expecting more than $20b of IG issuance this week. 57%
thought over $25b; an unusually large 35% looked for over $30b
with some saying $40b was possible. Presumably with ...
Posted in Uncategorized | Comments Off on Credit Pipeline
Monday, November 14th, 2016
Via Barron's:
You heard it here first: Jeffrey Gundlach, CEO of DoubleLine Capital and one of the world’s most successful bond investors, predicted in January at the Barron’s Roundtable that Donald J. Trump would be the country’s next president, noting, “The populist momentum is unstoppable.”
Now that the New York businessman has ...
Posted in Uncategorized | Comments Off on 6 % 10 Year?
Monday, November 14th, 2016
Via WSJ:
By
AnnaMaria Andriotis
Updated Nov. 13, 2016 11:32 p.m. ET
The remaking of U.S. politics also is likely to upend the nation’s mortgage market. There are two reasons why: interest rates and regulation.
Changes in these areas could affect the course of the housing recovery, the availability of credit to ...
Posted in Uncategorized | Comments Off on Trump and Mortgage Market
Monday, November 14th, 2016
Via Bloomberg:
Short-term gain for long-term pain?
That's the view of economists at Goldman Sachs Group Inc., who argue that while some of President-elect Donald Trump's proposals could boost U.S. economic growth in the near future, his other policies would offset those positive impacts over the long-run.
Trump's surprise victory in the presidential elections ...
Posted in Uncategorized | Comments Off on Goldman Sachs Sees Trump Policies Bringing Return of Stagflation
Monday, November 14th, 2016
Via WSJ:
By
Christopher Whittall
Nov. 14, 2016 4:12 a.m. ET
The wave of selling that has swept across government-bond markets since Donald Trump’s election last week resumed Monday as investors continued to weigh the prospects of increased fiscal stimulus and a quicker pace of interest-rate rises.
The yield on the benchmark 10-year ...
Posted in Uncategorized | Comments Off on More on Bond Rout
Monday, November 14th, 2016
The rout in the Treasury market continues overnight unabated. The Long Bond traded at 3 percent overnight and that level has not stopped the hemorrhage as we are a tad cheaper as I compose this electronic missive. The aforementioned Long Bond is the best performer on the curve in overnight ...
Posted in Uncategorized | Comments Off on Treasury Market Update
Sunday, November 13th, 2016
Via Bloomberg:
November 13, 2016 — 7:00 PM EST Updated on November 13, 2016 — 7:55 PM EST
Japan’s economy grew more than forecast in the three months through September, as a rebound in exports compensated for continued weak spending at home by people and companies.
Key Points
Gross domestic product ...
Posted in Uncategorized | Comments Off on Japan GDP Tops Estimates
Sunday, November 13th, 2016
Via WSJ:
By
Timothy W. Martin,
Georgi Kantchev and
Kosaku Narioka
Nov. 13, 2016 3:03 p.m. ET
Central bankers lowered interest rates to near zero or below to try to revive their gasping economies. In the process, though, they have put in jeopardy the pensions of more than 100 million government workers and ...
Posted in Uncategorized | Comments Off on Low Interest Rates Wreak Havoc on Pension Funds
Sunday, November 13th, 2016
Via Bloomberg:
Why the 2,826-Day-Old Bull Market Could Be a Headache for Trump
Joseph Ciolli JoeCiolli
November 13, 2016 — 4:51 PM EST
An early bear market may be best for an incoming president
Bull market in the S&P 500 is the second-longest of all-time
The election’s over, but for ...
Posted in Uncategorized | Comments Off on Yhe Long Equity Bull Market