US: NY Fed: Weekly Economic Index (WEI)

Dec-08 17:50

NY Fed explains the latest WEI decline to 1.18% from 1.64% the week prior "is due to falls in retail sales, consumer confidence, and railroad traffic, and a rise in initial unemployment insurance claims, which more than offset increases in steel production, tax withholding, electricity output, and fuel sales."

NY Federal Reserve/MNI

Historical bullets

US: Corporate Credit Update

Nov-08 17:50

Investment-grade corporate credit risk held lower levels at midday, near session lows as stocks, lead by mining shares, traded strong.

  • Investment grade risk measured by Markit's CDXIG5 index is currently -1.275 at 87.242 vs. 89.373 high; CDXHY5 high yield index at 99.674 (+0.236).
  • Outperforming credit sectors (tighter or least wide): subordinated Financials (-1.5), Consumer Staples (-1.0) and Energy (-0.9).
  • Lagging sectors (wider or least narrow): Materials and Communications both +0.1, followed by Utilities and Health Care -0.1.

OPTIONS: Upside In Euribor And Bunds Features

Nov-08 17:49

Tuesday's Europe rates / bond options flow included:

  • DUZ2 106p, bought for 6.5 and 7 in 9k
  • RXZ2 142 call bought for 18/19 in 7k
  • RXZ2 134.00/132.50ps, bought for 31 and 32 in 2.5k (12 del)
  • ERM4 99.00/99.75cs bought for 5.5 in 20k
  • ERH3 97.125^ sold at 44 in 2k

OPTIONS: Larger FX Option Pipeline

Nov-08 17:35
  • EUR/USD: Nov10 $0.9800(E1.1bln), $0.9860-75(E1.2bln), $0.9900(E1.3bln), $0.9950-55(E1.0bln), $0.9990-00(E1.5bln), $1.0090-00(E1.0bln); Nov11 $1.0000(E1.4bln); Nov14 $1.0000(E1.2bln)
  • USD/JPY: Nov10 Y144.30-50($1.1bln), Y147.00($1.2bln), Y150.00($1.9bln)
  • GBP/USD: Nov10 $1.1600(Gbp969mln)
  • EUR/JPY: Nov14 Y146.00(E1.4bln)
  • USD/CAD: Nov11 C$1.3605-20($1.1bln)
  • USD/CNY: Nov10 Cny7.1500($3.0bln), Cny7.2000($2.0bln), Cny7.2700($6.5bln), Cny7.2820($4.5bln)