Now a transient place full of hipsters, bond traders, and actors, as well as actors and hipsters who are the children
of bond traders, all searching for an «authentic» place to replace the Midwestern suburbs and rural towns they came to Brooklyn to escape, Brooklyn for me will always be Flatbush Avenue and Rudy Giuliani, Bernie (Goetz, not Madoff), and Ed Koch, block parties, radios murmuring Yankees games on back porches (all of us too poor to afford air conditioning, which kept us outside in that great urbanist semi-public space), the blackout of 1977 and the blizzard of 1995, Mickey Rivers and Bucky Dent, not to mention the wild cast of characters appearing in the Daily News, a paper that practically taught me to read.
Not exact matches
It reminded me
of the «blowing your customers up» mentality in perhaps one
of the best business books ever written — Liar's Poker — where
bond traders celebrated when they bankrupted their first customer.
As oil prices have fallen, defaults in the sector have risen — about a quarter
of all corporate
bond defaults in 2015 were energy related, according to Moody's — and that's made
traders even more reluctant to buy.
But things have suddenly changed, and
traders in
bond and stock markets have realized Trump may have a hard time delivering on any part
of his agenda.
While I don't presume to read
traders» (or trading computers») minds (see Barry ritholtz» note this morning about ex post facto rationalizations), generally speaking there is concern that the «taper»
of long term
bond purchases will cause
bond yields (the percent
of interest paid on them) to rise.
And it also means that
bond market
traders believe we're likely to see at least a quarter point hike in interest rates by the middle
of next year.
Still, combine the indications
of the short - term
bond market with today's 5 % GDP news and you get the sense that stock
traders betting on low interest rates for longer periods
of time may soon have to bail out.
After eight years
of being a
bond trader, including a stint at Fidelity, he was laid off in December 2008.
For a market that is dominated by the Bank
of Japan, looking to government
bond futures makes more sense for
traders.
---------------------------------------------------------- Read more from Mad Money with Jim Cramer Cramer Remix: The MVPs
of today's market Cramer's charts show shocking news on Treasury
bonds Cramer: Navigating a volatile
trader's market ----------------------------------------------------------
He did so because he wants to dissuade
bond and currency
traders of the notion that Canada is a mirror
of what is happening the American economy.
And that's just the latest event that has
bond traders feeling uncertain following a similar action from the Bank
of Japan, which recently trimmed its
bond buying.
Over the past several months, debt
traders have been growing increasingly wary
of this type
of monetary tightening by global central banks, which have been the biggest buyers
of bonds for years.
That
trader waits all day hoping to find a seller
of those
bonds.
This group
of traders isn't concerned about the absolute price
of the
bonds, because they didn't own them before, and won't own them again in a few minutes (slight exaggeration).
The
trader, doesn't want to buy the
bonds, but also doesn't want to lose control
of the situation, so they say they would buy pay 98.5 for a couple.
The cult favorite started in Washington, DC, in 1986 when former
bond trader Jerry Murrell and his family opened a burger joint — named after Murrell and his four sons — with the goal
of cooking hamburgers and fries using the best quality ingredients.
Zoe Cruz, our highest - ranking newcomer, has made her mark with some
of the toughest critics on Wall Street: her fellow
bond traders.
Every
bond trader I know, and I know a lot
of them, are telling me the signal from fixed income is recession.
Bond traders also keep an eye on the VIX, a measure
of stock - market volatility, since it has historically been highly correlated to the performance
of stocks: rising when stocks sell off and falling when stocks rally.
Cowen is a leading
trader of Reg D private placements as well as project finance
bonds.
Traders have pulled more than $ 1.8 billion from two junk - focused ETFs just in the past week: the iShares iBoxx $ High Yield Corporate
Bond -LRB-- $ 1.06 billion, most
of any ETF) and the SPDR Barclays High Yield
Bond -LRB--765.4 million, the second most), while also redeeming $ 577.4 million (the fourth most) from the iShares iBoxx Investment Grade
Bond ETF, according to FactSet and ETF.com.
Former Ontario Securities Commission chairman David Brown and others said this year that avoiding another financial crisis required a powerful entity that was accountable for the health
of the entire financial system, not simply one aspect
of it, such as lenders or
bond and stock
traders.
Prior to joining Wells Fargo, Mr. Haverland was a portfolio manager, corporate
bond analyst and
trader at Jefferson Pilot Financial (now part
of Lincoln Financial) in Greensboro, North Carolina, where he managed $ 2.6 billion in fixed income assets.
She's a former
bond trader with a nuanced and practical view
of the space but an optimistic outlook for the implications and possible deployments
of blockchain tech.
Finally, some brokerages ensure the safety
of traders» funds through fidelity
bonds placed with insurance companies.
(And yes, that includes the impact
of government QE measures —
bond traders can still front run these measures, and have done so).
In other words
bond traders look at the yield
of a
bond in terms
of where it is trading vs. treasuries.
«We are coming from an abnormal period where a tremendous amount
of wealth was created largely by selling assets back and forth,» said Mohamed A. El - Erian, chief executive
of Pimco, one
of the country's largest
bond traders, and the former manager
of Harvard's endowment.
It takes place in the rarefied world
of the
bond market where institutional
traders like banks and pension plans operate.
Brian O'Connell is a former Wall Street
bond trader and author
of the best - selling books, such as The 401k Millionaire.
Click here to download our Commitment
of Traders (equity indices and
bonds) update for the same week.
Each commodity exchange has a clearinghouse that holds margin in the form
of a performance
bond in a separate account for each
trader.
In addition to over 25 years
of portfolio management and equity research experience with Leith Wheeler, Bill spent five years as
trader of the firm's
bond portfolios.
By the close
of the week on Friday, October 16th,
traders were anxious and began to move funds from stocks to
bonds.
Join Saxo bank fixed income specialist Althea Spinozzi in her latest webinar as she covers the 3 % line in the sand, the increasing prominence
of Chinese government debt in the fixed income space, and more issues facing
bond traders and investors.
By CountingPips.com — Receive our weekly COT Reports by Email 10 - Year Note Non-Commercial Speculator Positions: Large
bond speculators increased their bearish net positions in the 10 - Year Note futures markets this week, according to the latest Commitment
of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.
By CountingPips.com — Receive our weekly COT Reports by Email 10 - Year Note Non-Commercial Speculator Positions: Large
bond speculators sharply increased their bearish net positions in the 10 - Year Note futures markets this week, according to the latest Commitment
of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.
It helps to be a worldclass economist - historian, to have been a
trader and Managing Director
of Drexel Burnham Lambert when the firm was the junk
bond king
of Wall Street, to have lived in Hong Kong for a quarter
of a century, and to have a contact book crammed with the home numbers
of many
of the movers and shakers in the financial world.
All markets will continue to focus on the volatility in the equity and
bond markets, geopolitical events, developments with the Trump Administration, corporate earnings, oil prices, and will turn to this afternoon's Commitment
of Traders Report, followed by reports Monday on Chinese PMI, German CPI and Retail Sales, US Personal Income, Personal Spending, PCE, Chicago PMI, Pending Home Sales, and the Dallas Fed's Manufacturing Index for near term direction.
Therefore, at times, the
bond traders are in conflict with the expectations
of the Federal Reserve.
You're more likely to be considered a
trader if you trade options or futures contracts instead
of stocks,
bonds, ETFs, or mutual funds.
Based on what we're seeing in the benchmark 10 - year
bond yield,
bond traders are showing signs
of shifting into a more defensive posture.
Zach Emig, 40, a
bond trader, is concentrating on health care, getting money out
of politics and holding Big Pharma accountable.
Wall Street investment bank Jefferies has recently sidelined a seven - year junk
bond veteran to bring in a top
trader from Citigroup — and has caused a split among some
of...
A former
bond trader, Mr. Bloomberg chose to deliver the final major speech
of his mayoralty in Manhattan, to the Economic Club
of New York, a collective
of Wall Street dignitaries that also hosts events with Federal Reserve bankers.
«Speculative currency
traders are unwinding in the wake
of what the markets considered a not - well - thought -
of bond sale — it's unsettling investors,» a commercial bank currency dealer told Reuters.
As capital moves freely, investing in production or in fictitious forms
of capitalism, and as speculators, financier capitalists, stock and
bond traders, investment bankers, hedge fund mangers, and others help to unleash the forces
of capital accumulation globally, and as neo-liberalism with its aggressive pro-market state policies allows this finance capital to restructure itself, to diversify its forms, to expand its accumulation opportunities through the growth
of retail, financial and service industries, and enhance its global reach, then it is safe to assume that our ecosystems have been harnessed exploitatively in a system
of capitalist commodity production such that we can not talk about capitalism at all without talking about capitalism as a world ecology.
Thus I was delighted to discover that Duffy's maiden literary voyage has steered clear
of the silly and sordid clichés
of so - called «chick lit,» and instead delivers a delectable tale
of a plucky female
bond trader whose Wall Street escapades just happen to coincide with the economic Armageddon
of 2008.
At Holyoke there were
bond analysts and lawyers and day
traders and city managers and school administrators, all
of them caught with their hands in the till and nothing at all like me, an eighteen - year - old accidental arsonist and...