Archive for the ‘Eurodollar Options’ Category
Crowding Out
Sept 29, 2019 – Weekly[Note: due to a change in hosting, charts are temporarily not being displayed] WINSTON: Hey, Ray. Do you remember something in the Bible about the last days, when the dead would rise from the grave? RAY: I remember Revelation 7:12. And I looked, as he opened the sixth seal, and behold, […]
In: Eurodollar Options
Impeachment sparks a flight INTO the dollar?!?
Sept 27. 2019 –The dollar index settled at its highest level since May 2017 as EUR posts a new low testing 109. Economies with dollar based loans are likely to encounter stress, though effects appear minor thus far. Stocks slightly weaker due to impeachment uncertainties. WeWork was downgraded to ‘hoping to survive’ as the company […]
In: Eurodollar Options
Funding Issues Gaining Importance
Sept 26, 2019 –Rates jumped yesterday, more than reversing Tuesday’s fall as stocks reacted positively to Trump releasing the Ukraine call transcript. In euro$’s reds through golds fell 9 to 10.5. The ten year yield likewise rose 10 bps as the five year auction was slightly soft; sevens auctioned today. While Fed officials are mostly […]
In: Eurodollar Options
Eat A (im)Peach
Sept 25, 2019 –Stocks and yields fell yesterday as Speaker Pelosi opened formal impeachment proceedings. Tens fell 7.6 bps to 1.64% in front of today’s five year auction and tomorrow’s 7-year. On the euro$ curve, reds led the way, closing +9.375 bps. Greens through golds were up 8 to 9. Volume relatively light but there […]
In: Eurodollar Options
Odds and ends
Sept 24, 2019 –Markit Composite PMI for the US was 51.0, a slight improvement over last month at 50.7, but still near the low since 2016. European data was weak as well, sending yields sharply lower in the early part of the session with the green euro$ pack (3rd year) up 11.5 bps at the […]
In: Eurodollar Options
I don’t like Mondays
Sept 23, 2019 –Flash eurozone Mfg PMI fell to an 83 month low of 45.6 from 47.0 in August (Mktwatch). S Korea exports for the first 21 days of September are down 21.8%. EUR is making a run for new lows, now 1.0971. US rates are lower this morning.with TYZ currently 130-06. –Reports indicate that […]
In: Eurodollar Options
Pottersville
Sept, 22, 2019 – Weekly comment There was a lot packed into the past week. It started with the jump in oil prices as a result of attacks on Saudi infrastructure, featured a surge in the repo rate catalyzed by a corporate tax date which revealed a shortage of reserves, encompassed the FOMC rate cut, and […]
In: Eurodollar Options
New high in HH Net Worth
Sept 20, 2019 –A skim of morning headlines underscores continued official/gov’t responses to sluggish conditions: China cut rates as expected. India cut taxes by $20 billion, sparking a 5% jump in SENSEX. Saudi Arabia strongly advising wealthy families to invest in Aramco IPO (can’t put it in a new “Vision” fund if it’s recycled back […]
In: Eurodollar Options
Fed steadies the market
Sept 19, 2019 -Fairly subdued FOMC day. The Fed cut 25 as expected and trimmed IOER, but neglected to institute QE. The NY Fed announced a $75b repo operation the third day in a row for this morning to satisfy funding requirements. The euro$ curve flattened, with EDZ9, H0 and M0 all closing down 0.5, […]
In: Eurodollar Options
Fed day
Sept 18, 2019 See the man with the stage frightJust standin’ up there to give it all his mightAnd he got caught in the spotlightBut when we get to the endHe wants to start all over again -The Band –The repo surge of the last couple of days has brightened the spotlight on today’s FOMC […]
In: Eurodollar Options
