Archive for April, 2017
Wednesday, April 5th, 2017
Via Bloomberg:
Ratings Shopping Haunts Commercial Mortgage Bonds as Risks Rise
2017-04-05 10:00:01.0 GMT
By Matt Scully and Adam Tempkin
(Bloomberg) -- Only a decade ago, global investors got a
hard lesson about the dangers of relying on rosy bond ratings.
Now they’re getting a reminder -- this time in frothy corners of
the $528 billion U.S. ...
Posted in Uncategorized | Comments Off on Commercial Mortgages at Risk
Wednesday, April 5th, 2017
Via Marc Chandler at Brown Brothers Harriman:
Dollar Mixed on Hump Day
The US reports weekly mortgage applications, ADP employment, Markit services and composite PMI readings, and the ISM non-manufacturing PMI
FOMC minutes will be released
Eurozone and UK services and composite PMIs were reported
Polls suggest that Le Pen fared ...
Posted in Uncategorized | Comments Off on FX
Tuesday, April 4th, 2017
Via Marc Chandler at Brown Brothers Harriman:
US PMI report yesterday certainly supports the notion that price pressures are rising and the labor market is tightening
During the North American session, the US reports February trade and factory orders
RBA kept policy steady overnight, as expected; its statement was ...
Posted in Uncategorized | Comments Off on FX
Tuesday, April 4th, 2017
Via Bloomberg:
Lowest IG Trading Volume in 6 Weeks; Spreads Steady
2017-04-04 09:55:47.330 GMT
By Robert Elson
(Bloomberg) -- Secondary IG trading ended with a Trace
count of $13.5b vs $19.5b Friday, $13.9b last Monday. It was the
lowest trading volume since $13.46b on Feb. 17.
* 10-DMA $17.7b; 10-Monday moving avg $16.3b
* 144a trading added $2b ...
Posted in Uncategorized | Comments Off on Corporate Bond Stuff
Tuesday, April 4th, 2017
Via Bloomberg:
IG CREDIT PIPELINE: GMKNR to Price; Glaxo Files, SANTAN Mandate
2017-04-04 09:39:20.133 GMT
By Robert Elson
(Bloomberg) -- Monday saw a lackluster start to the week
with 5 deals totaling $2.75b. Today should be better, moving
toward the $15b-$20b expected to price this week.
Set to price today:
* Norilsk Nickel (GMKNR) Ba1/BBB-, to price $benchmark
144a/Reg-s ...
Posted in Uncategorized | Comments Off on Credit Pipeline