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Stock Market & Financial Investment News

News For NOSYMBOL From The Last 14 Days
Check below for free stories on NOSYMBOL the last two weeks.
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August 7, 2014
13:25 EDTTreasury Action: yields remain lower, aided by the rally in Bunds
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13:10 EDTEuro$ interest rate options: some call spread demand
Euro$ interest rate options: some call spread demand was reported earlier in the session, including the purchase of 5k in Red December 91/92 call spreads, with the grain of the firmer underlying short-dated rate contracts as stocks reversed opening gains once the tone on Russia turned south again. The front September 2014 contract is flat at 99.765 as the Fed is going nowhere on rates until QE is halted in October, but the deferreds are 1-5 ticks higher out the curve the risk-reward favors some caution creeping in further out as well given global slowdown risks.
12:00 EDTFX Action: USD-JPY sellers stepped in
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11:25 EDTFX Action: USD-JPY has dropped
FX Action: USD-JPY has dropped to intra day lows of 102.12, down from N.Y. session highs of 102.38.The move comes as NATO warns Russia to take a step back from the Ukraine border, and as equities turn red, and gold advances.
11:20 EDTTreasury announced a $54 B 3- and 6-month bill offering for Monday
Treasury announced a $54 B 3- and 6-month bill offering for Monday. That's up $1 B from this week's offering size with the 3-month tranche lifted to $29 B, versus $28 B previously. The 6-month volume was left at $25 B for a second straight week. It's a big week of supply ahead with the $67 B August refunding auctions also on tap.
11:20 EDTNY Fed bought $2.327 B in notes
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11:20 EDTU.S. corporate bond update: the new issue calendar is building
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10:30 EDTEIA Natural Gas Storage Change for the week ending August 1
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10:30 EDTU.S. dollar swap spread widening continues unabated
U.S. dollar swap spread widening continues unabated this week as credit contagion risks via Europe remain in force (though Draghi said BES is contained to Portugal, so it must be true), while WSJ headlines that the Fed and FDIC found the 11-largest banks' "living wills" (subscription) woefully inadequate certainly didn't help instill confidence among AAA-lenders either. The risk sensitive 2-year swap spread has blown out as wide as +22.5 bp (mid) compared to the +16 bp area at the end of July, widening each day this week regardless of the risk climate on stocks, as Treasury yields also remain near recent lows, gold is holding over $1,300 and VIX equity volatility index opened back below 16.0, having traded as wide at 17.57 on payrolls Friday. The 10-year swap spread widened out to +14.75 bp, the highest level since +15 bp on February 7.
10:25 EDTFX Action: USD-CAD touched North American lows
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10:25 EDTNY Fed outright purchase: the Fed is buying $2.05 B to $2.50 B in notes
NY Fed outright purchase: the Fed is buying $2.05 B to $2.50 B in notes dated from August 15, 2021 through May 15, 2024. Treasury yields remain a little lower with the benchmark 10-year at 2.455%. This is the last buyback of the week. The Desk will be back in 3 times next week, Tuesday, Wednesday and Thursday with purchases totaling between $2.9 B to $3.5 B.
10:18 EDTMarket higher following weekly jobless claims
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09:35 EDTTreasury Action: the $67 B refunding auctions are still a ways off
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09:20 EDTTreasury Option Action: some trading in risk reversals
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09:10 EDTFX Action: USD-CAD has been steady
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09:10 EDTU.S. equities are on the mend
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08:55 EDTThe 14k U.S. initial claims drop to 289k
The 14k U.S. initial claims drop to 289k in the first week of August defied the expected unwind of the July retooling distortions that was presumably evident with the prior 23k pop to 303k (was 302k) from the 279k mid-July cycle-low, as claims appear to be oscillating around tighter levels following the July vehicle sector retooling. Claims are entering August below the already-tight 296k July average, following prior averages of 315k in June and 312k in May. Analysts may see only a small August back-up in the BLS survey reading from the tight 303k figure in July, followed prior BLS figures of 314k in June and 327k in May. Analysts boosted our August payroll estimate to 210k from 200k to leave the figure in line with the 209k July increase and the 214k average rise of the last twelve months. Payrolls face ongoing upside risk from tight claims, a firm producer sentiment and ADP trajectory, solid vehicle assembly rates into August, and an ongoing consumer confidence climb back above mid-2013 levels.
08:45 EDTTreasury Action: yields jerked higher
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08:40 EDTU.S. initial jobless claims dropped 14k to 289k in the week ended August 2
U.S. initial jobless claims dropped 14k to 289k in the week ended August 2, versus a revised 303k in the last week of July (was 302k). This is the lowest level since February 2006. That brought the 4-week moving average down to 293.5k from 297.5k (revised from 297.25k). Continuing claims fell 24k to 2,518k in the week ended July 26 from a revised 2,542k (was 2,539k). The Labor Department said there were no special factors affecting the data.
08:40 EDTFX Action: The dollar moved higher
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<< 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | all recent NOSYMBOL news | >>

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