AmeriVet’s Head of US Rates, Gregory Faranello, CFA, joined Maria Bartiromo in the Fox Business Network on Mornings with Maria. Gregory provided his insights into yesterday’s Fed cut and what it means for the broader financial market.
The Credit markets in August topped expectations, pricing $107.495Bln on projections of $95Bln. The New Issue calendar has topped expectations for 8 straight months. The U.S. Treasury market saw 2’s-10’s close flat, while 2’s-30’s closed the month positively sloped +29 basis points. Spreads were 5 to 30 basis points tighter and traded in a … Continued
The new issue calendar topped expectations and priced $38Bln last week bringing monthly total to $118Bln just shy of expectations of $125Bln. Spreads were mixed from 5Bps wider to 5Bps tighter on solid activity and secondary volume saw $2.8Bln of net client selling. This week’s estimates are calling for $25Bln of new supply and … Continued
Executive Summary Terrorist attack drives Germany to restrict border access. Demands of large immigrant populations combined with increasing security concerns will likely limit any relaxation of border controls in the near future. Although the frequency and intensity of conflicts seems to be growing in the past few years, the global economy is capable of resilience. … Continued
There has been “some” signaling for 50-basis points and the arguments of both beginning points sound. Our Co-CEO Michael Naidrich and Head of US Rates Gregory (Greg) Faranello, CFA look at one of the more interesting Fed meetings in quite some time in this month’s Fed Preview video. At the peak today we were priced … Continued
Municipal New Issuance: Last week, the negotiated calendar totaled to just under $11.5 billion with the largest deal being the $1.5 billion New York City Transitional Finance Authority Future Tax Secured Subordinate Bonds issuance which AmeriVet participated in the Selling-Group. The second largest deal of the week was the $1.1 billion State of Illinois General Obligations Bonds … Continued
“If Powell wants 50, they will go; the other members of the Fed will jump on board,” said Gregory Faranello, head of US rates trading and strategy for AmeriVet Securities. Citing the current Fed policy rate of 5.25% to 5.5%, “they are a hundred basis points too high,” he added. Bond traders are once again ramping up … Continued
Our team recently hosted a networking event for the LunaCap Foundation, for military veteran and minority scholars who receive assistance from the foundation. Attendees included current students, LunaCap alumni, board members and AmeriVet staff. Our team welcomed attendees, provided insight into the financial services industry and encouraged students to build connections throughout the evening. Paul … Continued
Last week the new issue calendar saw record issuance pricing $80Bln, the month of September is expecting $125Bln. Spreads were unchanged to 5Bps tighter on lighter activity and secondary volume saw $1.3Bln of net client selling. This week’s estimates are calling for $30-35Bln of new supply that should be front loaded in front of Wednesdays … Continued
Municipal New Issuance: With just four trading days last week due to the Labor Day holiday on Monday, the negotiated calendar totaled to just over $6.5 billion with the largest deal being the $1.5 billion North Texas Tollway Authority. The next largest deal of the week was the $402 million Municipal Electric Authority of Georgia. AmeriVet participated … Continued