Archive for January, 2017
Monday, January 9th, 2017
Via WSJ:
Investors Betting Strongest Junk-Bond Rally in Years Has Legs
Better earnings among risky companies and a slowdown of defaults have given junk-bond investors cause for optimism despite a big decline in yields
Updated Jan. 8, 2017 10:37 p.m. ET
An uptick in earnings among riskier U.S. companies is bolstering ...
Posted in Uncategorized | Comments Off on Can the Epic Junk Bond Rally Continue?
Sunday, January 8th, 2017
Via WSJ:
As Dow Approaches 20000: Has This Rally Just Begun?
As some investors consider swapping out of bonds, analysts see a tailwind for stocks
By
COLIN BARR and
AARON KURILOFF
Jan. 8, 2017 6:37 p.m. ET
Perhaps this rally hasn’t ended. Perhaps it has just begun.
The Dow Jones Industrial Average on Friday closed at 19963.80, as ...
Posted in Uncategorized | Comments Off on Does The Equity Rally Have Legs?
Sunday, January 8th, 2017
Via Bloomberg:
Summers Warns of Financial-Crisis Risk From Trump Economic Plans
by
Christopher Condon
January 8, 2017, 12:58 PM EST
Financial deregulation would be ‘hugely dangerous,’ he says
Ex-Obama adviser says stronger dollar would hurt exporters
Former U.S. Treasury Secretary Lawrence Summers attacked the policy proposals of Donald Trump on several fronts, saying the president-elect’s plans ...
Posted in Uncategorized | Comments Off on Summers on Trump’s Economics
Sunday, January 8th, 2017
Via Bloomberg:
BofA Said to Boost Bonuses for Bond Traders, Cut Equities
by
Laura J Keller
and
Hugh Son
January 6, 2017, 11:24 AM EST January 6, 2017, 2:01 PM EST
Fixed-income staff to get as much as 10% more for 2016
Equities slump prompts cut of about 5% for that bonus pool
BofA Said to Boost ...
Posted in Uncategorized | Comments Off on Fixed Income Bonus Time
Sunday, January 8th, 2017
Via Bloomberg:
Potential Fed Chairs Suggest They Would Pursue Tighter Policy
by
Rich Miller
January 8, 2017, 4:00 PM EST
Bank is behind curve in raising rates, Stanford’s Taylor says
Hubbard, Warsh also point toward higher interest rates
Potential candidates to head the Federal Reserve in 2018 suggested that monetary policy would be tighter if ...
Posted in Uncategorized | Comments Off on Musings and Ruminationsof Prospective Trump Fed Chairs
Wednesday, January 4th, 2017
Via Bloomberg:
Harvard Academic Sees Debt Rout Worse Than 1994 ‘Bond Massacre’
2017-01-04 15:39:28.489 GMT
By Anchalee Worrachate
(Bloomberg) -- If you thought you had already read the
gloomiest possible prognosis for bonds, wait until you read this
one.
Paul Schmelzing, a PhD candidate at Harvard University and
a visiting scholar at the Bank of England, said if ...
Posted in Uncategorized | Comments Off on Bond Market Rout?
Tuesday, January 3rd, 2017
Via Marc Chandler at Brown Brothers Harriman:
Drivers for the Week Ahead
We expect the dollar's uptrend to continue, driven by the divergence of monetary policy broadly understood and the political risks emanating from Europe
The highlight of the week is the US jobs report
Investors await the UK Supreme Court ...
Posted in Uncategorized | Comments Off on FX
Tuesday, January 3rd, 2017
Via Bloomberg:
IG CREDIT: Trading Expected to Bulk-Up; Issuance Has Quick Start
2017-01-03 10:53:50.48 GMT
By Robert Elson
(Bloomberg) -- Secondary IG trading ended with a Trace
count of $2.5b Friday vs $4.1b Thursday, $2.2b last Friday.
* 10-DMA $7.8b vs $18.6b Dec 9; 10-Friday moving avg $10.3b vs
$12.3b Dec. 9
* 144a trading added $169m of ...
Posted in Uncategorized | Comments Off on Some Corporate Bond Stuff
Tuesday, January 3rd, 2017
Via WSJ:
Earnings, Not Donald Trump, Are Stocks’ Best Friend in 2017
Continued rebound in corporate profits should prop up share prices regardless of Washington policies
By
AKANE OTANI
Jan. 3, 2017 5:30 a.m. ET
0 COMMENTS
Here’s one simple thing set to help sustain stocks’ march in 2017: corporate earnings.
While Donald Trump’s election supercharged investors’ hopes ...
Posted in Uncategorized | Comments Off on Earnings Set to Rebound
Tuesday, January 3rd, 2017
Via WSJ:
BUSINESS
Businesses Ramp Up Investment Despite Rising Rates
After years of hoarding cash and buying back stock, U.S. companies are ready to spend money on equipment, buildings
By
THEO FRANCIS and
VIPAL MONGA
Updated Jan. 2, 2017 10:40 p.m. ET
U.S. companies are preparing to invest again after years on the sidelines, and rising interest ...
Posted in Uncategorized | Comments Off on Animal Spirit on the Rise