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Stock Market & Financial Investment News

News For NOSYMBOL From The Last 14 Days
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September 29, 2014
15:05 EDTTreasury Closing Summary:
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13:50 EDTDallas Fed's Fisher sees improvement in labor market indicators
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13:30 EDTU.S. VIX equity volatility gapped to a high over 17.0
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12:50 EDTTreasury Action: Treasuries remain at or near their highs
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12:20 EDTEuro$ interest rate options: scrambling at the short-end
Euro$ interest rate options: scrambling at the short-end continues amid multiple deals, including the bearish sale of 20k in Short December 90/92 call spreads vs purchase of 20k 87 puts. There was also a bearish purchase of 5k in Blue December 68 puts, bullish purchase of 11k in Green November 80/81 call spreads (with 4.4k in Blue November 73/77 call spreads), and a bearish purchase of 6k in Blue October 66/68 put spreads. The December 2014 contract is back to flat at 99.755, while the deferreds range fom -0.5 ticks to +4 ticks, below earlier highs as stocks made a move back up from lows.
11:45 EDTTreasury's $48 B 3- and 6-month bill sale was solid
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11:30 EDTFX Action: USD-CAD has bounced
FX Action: USD-CAD has bounced off the 1.1140 level on two occasions in North American dealings, though gains over 1.11465 have so far been thwarted. The fairly sharp rebound on Wall Street has put a ceiling on the pairing it appears, as have firmer oil and gold moves. The tresistance level comes in at 1.1200-10, with support seen at 1.1125.
11:25 EDTNY Fed bought $2.135 B in notes
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11:10 EDTTreasury announced a $30 B 4-week bill auction for Tuesday
Treasury announced a $30 B 4-week bill auction for Tuesday. That's a $10 B reduction and reverses the $10 B increase to $40 B for last week's sale. Supply is light this week with just bills on tap, including today's $48 B 3- and 6-month offering.
11:10 EDTA Likely 2-Handle for U.S. Payrolls, Despite August Restraint:
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11:00 EDTU.S. equities bounced from lows
U.S. equities bounced from lows as some short-covering kicks in, though it remains unclear if this is a "moribund feline" bounce or a real rebound, supported by migration of USD-JPY back up from 109.11 lows to 109.40. There was some talk earlier of Morgan Stanley heavily selling equity futures that added to the bearish mix, though whether on a technical break or just quarter-end booksquaring also remains open to speculation. On the other hand, vague rumors continue to swirl about PIMCO outflows from fixed income, which is keeping the asset markets on their toes on both sides of the ledger. Yet stocks remain underwater and Treasuries in the green.
10:25 EDTNY Fed outright purchase
NY Fed outright purchase: the Fed is buying $2.0 B to $2.5 B notes ranging in maturity from November 15, 2021 through August 15, 2024. The 7- to 10-year sector is pacing the rally as equity markets remain rattled.
10:25 EDTFX Action: USD-JPY trades near 109.35
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10:20 EDTGross's departure from PIMCO could cost the firm $100 B
Gross's departure from PIMCO could cost the firm $100 B in investor outflows, estimated the WSJ, after $10 B in withdrawals already from its $2 trl portfolio after Friday's announcement. It's Total Return Bond ETF rebounded 0.2% this morning after PIMCO management sought to reassure investors, but some analysts estimated the exodus could ultimately be even higher. The latest slump on equities has seen a bid return to Treasuries and futures, though high yield debt has remained under pressure. Outflows from its bond funds, however, may quickly find homes in other rival bond funds, leaving the impact temporary and DoubleLine Capital has already reported inflows, though pension fund CALPERS Friday said it was reserving judgment, while studying its exposure. Others are already moving their funds even as PIMCO management reaches out to reassure its biggest investors and one research report estimates investors could withdraw from 10-30% of their assets. This trend, however, has been in motion since El-Erian's departure, which signaled management turmoil amid underperformance of its funds.
10:15 EDTTreasury Action: yields are consolidating near lows
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10:10 EDTU.S. pending home sales fell 1.0% to 104.7 in August
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09:45 EDTU.S. NAR pending home sales preview:
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09:37 EDTMarket begins week sharply lower
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09:25 EDTChicago Fed's Evans said there is still "substantial slack" in the labor force
Chicago Fed's Evans said there is still "substantial slack" in the labor force, in his speech on "Is It Time to Return to Business-As-Usual Monetary Policy? A Case for Patience" before the NABE in Chicago. His answer is "no." Though there have been signs of improvement, the signals have been conflicting and he believes the recovery is still far from complete, as he made his case for patience. That's a stance he's maintained for some time now too. In conclusion he indicated he's "very uncomfortable with calls to raise our policy rate sooner than later" and he favors delaying liftoff until he is more certain that there is sufficient momentum in place toward the FOMC"s goals. And not only does he want a later liftoff, but he argues for a shallow trajectory on rate hikes in order to ensure the economy's momentum is sustainable in the presence of less accommodation. Remember Evans is a 2015 voter, along with the dovish Williams and Lockhart. Lacker will be the only real hawk next year.
09:15 EDTToday's U.S. income report revealed modest August shortfalls
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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 | 24 | 25 | 26 | 27 | all recent NOSYMBOL news | >>

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