Category Finance

The WSJ is reporting that JPM is in talks with Apple to take over credit card business from Golman. The program has over 12 million users and roughly $17 billion in outstanding balances. Apple has been seeking a new issuer after deciding to part ways with Goldman Sachs,…

The GBPUSD move higher into the European session. However as the US data came out today, and it was better than expected, yields started to move higher, the dollar started to trade higher as well, and the technicals in the GBPUSD gave the sellers the go-ahead to push…

At the top of the hour, the US treasury will auction off their billion dollars of 20 year bonds. High Yield: Last: 4.16% Six-auction average: 4.512% Tail: The difference between the WI level and the high yield Last: -0.1bps Six-auction average: -1.3bps Bid-to-Cover: Last: 2.54x Six-auction average: 2.68x…

High Yield: 4.039% Last month: 4.16% Six-auction average: 4.512% WI level at the time of the auction: 4.019% Tail: +2.0 basis points Last month: -0.1bps Six-auction average: -1.3bps Bid-to-Cover: 2.51X Last month: 2.54x Six-auction average: 2.68x Dealer Participation: 18.6% Last month: 9.7% Six-auction average: 8.7% Direct Bidders: 16.3%…

Goldman Sachs anticipates the FOMC will implement a 25 basis point rate cut at its September meeting, viewing recent comments from Fed officials as indicative of a preference for this move over a larger cut. The focus will shift towards labor market risks, and the firm expects to…

Israeli military officials via various Hebrew news channels stating full-blown war between Israel and Hezbollah appears imminent. That shouldn’t surprise anyone as the pager explosions were basically a declaration of war by Israel on Lebanon/Hezbollah. The thing is, I wonder if Hezbollah is so crippled that it’s not…

Post Content

Post Content

Post Content

The US data this morning came in better than expected which has softened the Fed expectations for tomorrow a bit, but it is still leaning toward 50 bps. The retail sales data today has GDP looking toward 3% for the 3Q. That is pretty good. The question is…