Richard's Feed
May 19, 2015

World Chefs: Hatfields share passion for grilling in new LA eatery

May 19 (Reuters) – At culinary couple Karen and Quinn
Hatfield’s newest restaurant in Los Angeles, Odys + Penelope, it
is all about grilling, with Brazilian churrasco and a wood-fired
smoker, in a casual setting that moves away from their
fine-dining background.

The restaurant, named for characters in the Greek epic “The
Odyssey,” is the couple’s second eatery. In late 2014, the
husband-wife team closed eight year-old Hatfield’s, which earned
a Michelin star and critics’ praise for its upscale New American
cuisine.

May 19, 2015

Insight – Investors stick to bets even as dollar and bonds slip

NEW YORK (Reuters) – The dollar’s four-week decline and a slump in bond prices has upset some assumptions about where global financial markets are heading, but haven’t deterred most investors from staying faithful to their bets.

At the beginning of the year, a weak global economic environment combined with central-bank support made some trades seem like sure winners: buy the dollar, buy bonds, sell oil, and buy stocks. After the last four weeks, with the dollar sliding, oil rising above $50 a barrel and a rebound in inflation expectations, only the equities bet is left standing.

May 19, 2015

Investors stick to bets even as dollar and bonds slip

NEW YORK, May 19 (Reuters) – The dollar’s four-week decline
and a slump in bond prices has upset some assumptions about
where global financial markets are heading, but haven’t deterred
most investors from staying faithful to their bets.

At the beginning of the year, a weak global economic
environment combined with central-bank support made some trades
seem like sure winners: buy the dollar, buy bonds, sell oil, and
buy stocks. After the last four weeks, with the dollar sliding,
oil rising above $50 a barrel and a rebound in inflation
expectations, only the equities bet is left standing.

May 15, 2015

Dollar drops to three-month low vs euro on soft U.S. data

NEW YORK, May 15 (Reuters) – The dollar fell to a
three-month low against the euro on Friday, as disappointing
data on U.S. domestic factory activity and consumer sentiment
spurred doubts about the recovery in the world’s largest
economy.

Against a basket of six major currencies, the dollar fell
for a fifth straight week, the longest stretch of declines in
four years. The dollar index was last down 0.3 percent at 93.204
.

May 15, 2015

Weak data puts dollar index on track to fall for fifth week

NEW YORK, May 15 (Reuters) – The dollar index slipped on
Friday, putting it on track to fall for a fifth week, the
longest stretch of declines in four years, as disappointing data
on domestic factory activity and consumer sentiment stirred
doubts about the U.S. economic growth.

Earlier, this measure of the greenback against a group of
currencies including the euro and yen bounced from a
four-month low as buying emerged with lower European bond
yields, and as traders booked profits on this week’s gains in
other currencies against the greenback.

May 13, 2015

Investors snap up U.S. 10-year Treasury notes at auction

NEW YORK, May 13 (Reuters) – Investors scooped up a new
supply of U.S. government debt for a second day on Wednesday,
raising hopes they could put behind them the recent global bond
market rout that sent U.S. benchmark yields to their highest in
six months.

U.S. Treasury Department sold $24 billion in 10-year notes
at a yield of 2.237 percent, which was the highest since
December but more than 1 basis point below what traders had
expected, Treasury data showed.

May 13, 2015

U.S. bond bulls, stung by losses, stick to call for lower yields

NEW YORK, May 13 (Reuters) – Three weeks ago, veteran
investors like Lacy Hunt of Hoisington Investment Co were among
the best-performing fund managers in the bond market, bolstered
by bets on falling yields.

Then came the market rout. An abrupt drop in Treasury bond
prices caused yields to spike dramatically, hitting their
highest levels of the year, even though recent economic data
suggest the U.S. economy remains a bit stuck.

May 12, 2015

Ludo Lefebvre delivers hit bistro in Los Angeles

NEW YORK (Reuters) – Celebrity chef Ludo Lefebvre has pulled off another culinary coup with Petit Trois, his French bistro in Los Angeles, which was nominated for the best new U.S. restaurant award by the James Beard Foundation.

It is the third eatery owned by the classically-trained French-born chef, whose LudoBites, a multi-city restaurant tour, helped popularize pop-up dining in the United States several years ago.

May 12, 2015

World Chefs-Ludo Lefebvre delivers hit bistro in Los Angeles

NEW YORK, May 12 (Reuters) – Celebrity chef Ludo Lefebvre
has pulled off another culinary coup with Petit Trois, his
French bistro in Los Angeles, which was nominated for the best
new U.S. restaurant award by the James Beard Foundation.

It is the third eatery owned by the classically-trained
French-born chef, whose LudoBites, a multi-city restaurant tour,
helped popularize pop-up dining in the United States several
years ago.

May 8, 2015

Stocks, bonds rally on U.S. jobs data; sterling jumps

NEW YORK, May 8 (Reuters) – An April rebound in U.S. jobs
growth boosted Wall Street and supported the dollar on Friday,
while a surprise Conservative victory cast away fears of a hung
British Parliament and sparked a rally in sterling and European
stock markets.

Global bond markets recovered for a second day, focusing on
weak aspects of the latest U.S. jobs report, which may cause the
Federal Reserve to be even more cautious toward ending its near-
zero interest rate policy later this year.

    • About Richard

      "I am currently part of the U.S. Treasuries group based in New York, which covers the government debt market as well as interest rate derivatives. Previously, I was a specialist in housing and structured finance. Prior to joining the fixed income team, I had written extensively about the U.S. energy industry with focus on market and regulatory issues."
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