

Nick Kalivas, a featured contributor of CME Group, is a market strategist and author of the Hadrian Letter, and Glance, and Brief, reports focusing on the macro factors driving price action in the financial, currency, and commodity markets. Nick has over 20 years of experience working in the financial and commodity markets, served as Vice President of Financial Research at MF Global and Refco, and is frequently quoted in the financial media. Nick’s reports can be on the Hadrian Partners website.
Hadrian Partners, Ltd.
Hadrian Partners, Ltd. is a New York based Commodity Trading Advisor specializing in hedge fund and commodity based investing. The firm acts as investment manager or advisor in the construction and management of multi-manager based portfolios. Additionally, Hadrian Partners provides independent market research and investment consulting services. Its principals have spoken at a variety of notable institutions including the International Energy Agency and the Shanghai Institute of Advanced Finance.
| Featured Reports | View All Reports |
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Cyprus, Soft U.S. Jobs Spark Shift in Eurodollar... - 26 Apr 2013 10:14:00 CDT
Record Trading in Long Green Quarterly Options The banking crisis in Cyprus and unexpectedly weak job growth in the U.S. were a... |
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Conflicting Global Signals Complicate Fed Guessing... - 13 Mar 2013 16:02:00 CDT
Strong Debut for Eurodollar Options Following Jobs Data Improvement in the U.S. economy, reinforced by stronger-than-expected F... |
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Italy Election Sparks 5-Year T-Note Rally, Record... - 28 Feb 2013 11:02:00 CST
Safe-Haven in Treasuries as Europe Concerns Flare Prices for 5-year Treasury note futures have risen sharply this week, highlig... |
| Recent Commentary | View All Commentary |
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Fed and ECB balance sheet trends - 17 May 2013 10:45:00 CDT
The Fed's balance sheet continues to expand at a hot rate. Reserve bank credit rose $26.8 bln or 16.3% y/y last week. ... |
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Stocks continue to ignore signs of slower growth - 16 May 2013 13:49:50 CDT
Today's economic data provided evidence of slower economic growth given the lift in unemployment claims and the drop in the Philly... |
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Background on the 30 Year Auction - 09 May 2013 08:57:03 CDT
The Treasury will finish its refunding today by selling 30 year paper. The June Ultra T-bond contract has tried to reverse h... |
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Unemployment Claims, the S&P 500, and the 10 Year... - 09 May 2013 08:48:09 CDT
Unemployment claims fell 4,000 to 323,000 in the last period. The 4-week average declined to 336,750. The drop in clai... |
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Treasury Supply and Demand - 07 May 2013 09:05:17 CDT
The treasury market will focus on supply and demand factors today given a light macro economic calendar. The Treasury is sel... |
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Hourly earnings growth remains historically... - 03 May 2013 12:54:35 CDT
The treasury market has sold off today on the stronger than expected employment report, and most notably the upward revision to pa... |
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Investors seem more willing to take risk to the... - 03 May 2013 12:36:31 CDT
The June S&P 500 contract was able to work over the 1600 level this morning on the back of the stronger than expected employme... |
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ISM below the surface - 01 May 2013 09:13:49 CDT
The April ISM manufacturing index fell 0.6 to 50.7. This was slightly below the 52.0 estimate. Labor was weak with employmen... |
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Looking at Treasury supply - 01 May 2013 09:00:14 CDT
The Treasury has announced the refunding details this morning. $32 bln in 3s, $24 bln in 10s, and $16 bln in 30s will be so... |
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Stocks ignore signs of weak industrial activity... - 30 Apr 2013 12:12:43 CDT
The Chicago PMI was down 3.4 to 49.0 in April and fell well short of the trade's forecast which was in the 52.4 area (unchanged). ... |