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- S&P Surprises, Gives U.S Farm Credit Sys Good Marks -3
- S&P Surprises, Gives U.S Farm Credit Sys Good Marks -2
- S&P Surprises, Gives U.S Farm Credit Sys Good Marks
- ForexLive US wrap: Weak dollar early; firmer late. USD/JPY sets fresh record
- If you really, really need an excuse to put on a trade
- US MBA Text: Upgrades Mtg Origination Outlook to $1.1 Tln/’11
- Van Rompuy: Belgium is not Italy…
- Stocks on the slide again
- Japanese Press: BOJ considering additional easing
- Bill Gross: Low US yields reflect high probability of recession
- It’s that time of year again…
- French PM: Euro bonds would push up French funding costs
- ECB’s Stark: Not our job to keep rates low to fund deficits
- Bids at 1.4345/50 on pullbacks
- Merkel: We don’t want eurobonds
- Risk rally fizzles
- Dudley: Fed Doing ‘Extraord.’ Things to Boost Labor Mkt Recov
- BOC Gov Carney:BOC has a wide range of tools and policy options, will deploy them as appropriate
- Citi nudges UK GDP forecast northward this year, lowers 2012 view
- US DATA: BLS July employment by state shows total….
| S&P Surprises, Gives U.S Farm Credit Sys Good Marks -3 Posted: WASHINGTON (MNI) – The following is the third and final section of excerpts from Standard & Poor’s analysis of the U.S. Farm Credit System, published late Friday: Market risk Market risk tolerance is small across FCS. The management of both interest-rate risk and credit risk across the investment portfolios is adequate. All financial entities are [...]    |
| S&P Surprises, Gives U.S Farm Credit Sys Good Marks -2 Posted: WASHINGTON (MNI) – The following is the second of three sections of excerpts from Standard & Poor’s analysis of the U.S. Farm Credit System, published late Friday: Extraordinary Government Support: Very Likely We reflect our views on the importance of the GREs’ role to the government through implementation of our GRE ratings criteria. We believe [...]  |
| S&P Surprises, Gives U.S Farm Credit Sys Good Marks Posted: WASHINGTON (MNI) – The following are excerpts from Standard & Poor’s analysis of the U.S. Farm Credit System, published late Friday: Ratings Detail Strengths: The Farm Credit System receives implicit support in its ratings as a government-sponsored enterprise (GSE)Good asset-quality metricsStrong risk-adjusted capitalization, especially at the district levelAccessibility to favorably priced fundingWeaknesses:Lending limited to cyclical [...]  |
| ForexLive US wrap: Weak dollar early; firmer late. USD/JPY sets fresh record Posted: Spain takes additional austerity/stimulus measures: to cut VAT on home purchases in half, trim union wages, shifts corporate tax calendar to accelerate revenues Fed’s Dudley repeats he sees stronger US growth in second half of 2011 Fed’s Pianalto: Weak growth warrants ZIRP through 2013 EU may push euro bonds over Germany’s objections BOC’s Carney: Q2 [...]  |
| If you really, really need an excuse to put on a trade Posted: you can buy EUR/USD on the fact that the 10-day moving average crossed bullishly above the 21-day moving average today. In range-bound markets like we’ve had in recent months, moving average crosses can give off many a false signal, it’s worth noting.  |
| US MBA Text: Upgrades Mtg Origination Outlook to $1.1 Tln/’11 Posted: –Sees Greater Drop in Origination Volume Next Year WASHINGTON (MNI) – The following is the Mortgage Bankers Assoc. summary of its outlook for origination volume, published Friday: The Mortgage Bankers Association’s (MBA) Economic and Mortgage Finance Forecasts released today project $1.1 trillion in residential mortgage origination volume in 2011, roughly $100 billion more than earlier [...]  |
| Van Rompuy: Belgium is not Italy… Posted: Where have I heard that formulation before? Oh yeah! Ireland is not Greece! Portugal is not Ireland! Where does this end? I know! Germany is not France!  |
| Posted: And so are EUR, GBP and AUD. It’s almost like some had a computer program.. Oh, wait. They do! The S&P is now down 0.5%… EUR/USD is range trading either side of 1.4400, still searching for direction as both the US and Europe circle the drain…  |
| Japanese Press: BOJ considering additional easing Posted: From the Sankei newspaper. USD/JPY dipped briefly below 76.00 to trigger stops and barriers at mid-morning in the US but now trades up at 76.42.  |
| Bill Gross: Low US yields reflect high probability of recession Posted: Can’t sneak anything past the “bond king”… Fiscally contractionary US deficit deal would almost guarantee recession Expectations of positive outcome from US deficit committee pollyannaish (If they do nothing, we get $1.5 trln in automatic cuts, light bulb-head…)  |
| Posted: Already the market is on tenterhooks waiting for Gentle Ben Bernanke to chopper into Jackson Hole to deliver his annual state of the Fed address. It was at Jackson Hole last year where Bernanke laid the groundwork for what eventually became QE2 in early November of last year. He’s been dealt a more difficult hand [...]  |
| French PM: Euro bonds would push up French funding costs Posted: Could throw credit rating into question We get it, we get it…no euro bonds, yet.  |
| ECB’s Stark: Not our job to keep rates low to fund deficits Posted: ECB bond purchases are a temporary phenomenon to buy time Ample liquidity in the euro zone Little inflation risk so long as economic performance is restrained Did the former Bundesbanker and present ECB economist just say there is little inflation risk? Will wonders never cease…. There’s your signal (if you still needed one) the ECB [...]  |
| Bids at 1.4345/50 on pullbacks Posted: As is usually the case, traders have left buy orders just above the old level of resistance that capped EUR/USD earlier in the session. Bids are seen at 1.4345/50 mow. That level is likely to contain dips unless stocks take a late-day pummeling in NY.  |
| Merkel: We don’t want eurobonds Posted: She is speaking to the CDU party conference, so expect some red-meat lines that don’t sound particularly “European”. Euro area would be worse off with joint bonds  |
| Posted: Stocks have turned south again and EUR/USD and cable are sliding with them. Seems as though traders have mostly switched off and algos are now running the market. Should make for an interesting afternoon. Expect razor-thin conditions for the balance of the session, especially after Europe closes for the day in about an hour. Just [...]  |
| Dudley: Fed Doing ‘Extraord.’ Things to Boost Labor Mkt Recov Posted: –But NY Fed President Says ‘Can’t Promise’ Fed Policies Will Achieve By Claudia Hirsch LYNDHURST, NJ (MNI) – New York Federal Reserve Bank President William Dudley Friday said the central bank’s “extraordinary” measures aimed at boosting the U.S. labor market recovery may not fully deliver the desired results. “We are doing pretty extraordinary things” Dudley [...]  |
| BOC Gov Carney:BOC has a wide range of tools and policy options, will deploy them as appropriate Posted: Expects growth to accelerate in H2 2011, but “considerable external headwinds” are now blowing harder Sees Q2 growth minimal or slightly negative Persistent strength in the C$ compounding sluggish US demand US facing weakest recovery since the great depression Euro zone concerns being realized, triggering risk aversion, could prompt further ‘severe dislocation’ in markets Will take [...]  |
| Citi nudges UK GDP forecast northward this year, lowers 2012 view Posted: Sees 1.1% growth this year from 1.0% previously 2012 growth seen at 1.3%, down from the prior 1.9% forecast Expect lowered forecasts for 2012 across the US, UK and Eurozone in the weeks ahead.  |
| US DATA: BLS July employment by state shows total…. Posted: US DATA: BLS July employment by state shows total payrolls +100,800 vs the +117k in the Jul payrolls report.  |
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