FIG Topics of Interest

 

06/02/17

Month-to-month CRE lending that was growing at an annualized pace of more than 10% through most of last year dipped to 8.9% in the first quarter, according to Federal Deposit Insurance Corp. (FDIC) data released this past week. In fact, total bank lending across all categories -- not just CRE -- declined by $8.1 billion (0.1%) during the three months ended March 31. This is the first quarterly decline in loan balances since first quarter 2013. Martin J. Gruenberg, chairman of the FDIC, framed the lending slowdown as an appropriate reaction on lenders' part. 

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06/01/17

U.S. employers hired significantly more people in May, making it the strongest month for hiring since June 2015, according to a LinkedIn study.

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05/31/17

“More subdued inflation will help Draghi make the case that the exit can be slow,” said Nick Kounis, an economist at ABN Amro Bank NV in Amsterdam. “At the same time, they need to keep the momentum in this discussion going without letting markets run ahead of themselves so it’s a very fine balancing act.”

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05/30/17

"Foreign investors are pouring more and more money into the U.S. real estate market, and yet the trail behind these transactions is often shrouded in secrecy," Sen. Wyden said. "It is critical that we have a better understanding of how U.S. agencies identify and address national security threats that may arise in connection with foreign real estate investments." 
"We know that real estate deals are one of the favored ways to launder illicit finances," Sen. Brown said. "But we don’t know if our oversight agencies have the resources and tools they need to vet Russian, Chinese, and other foreign investments in U.S. real estate for potential threats to our nation's security." 

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05/24/17

Check out your Muni v. the proposed MBIS/FIG Zero Duration Muni-Futures contract.  

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05/24/17

Moody’s Investors Service cut its rating on China’s debt for the first time since 1989, challenging the view that the nation’s leadership will be able to rein in leverage while maintaining the pace of economic growth.

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05/23/17

Trump’s first complete budget proposal, released in part on Monday, would raise $500 million in fiscal year 2018 by draining the Strategic Petroleum Reserve, and as much $16.6 billion in oil sales over the next decade.

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05/22/17

Large Paper Positions in Eurodollar Options

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05/22/17

Over the weekend while President Donald Trump was in Saudi Arabia, Blackstone and the Public Investment Fund of Saudi Arabia signed a memorandum of launching a new infrastructure investment vehicle. PIF will anchor the fund with a $20 billion investment. 

Click here to download a pdf of this article, Missile.pdf