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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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July 29, 2014
15:35 EDTTreasury Closing Summary:
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15:33 EDTThree Russian banks added to U.S. sanctions list
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14:35 EDTCanada Industrial Product Price Index Preview
Canada Industrial Product Price Index Preview: Analysts expect the IPPI, due Wednesday, to fall 0.3% in June after the 0.5% decline in May. Energy prices rose in June, but to a far smaller degree than in recent months. And the CAD gained further value versus the U.S. dollar. The RMPI is projected to rise 0.5% m/m in June. An as expected report should be taken in stride, as inflation data was pushed to the back-burner by the BoC in July's MPR, with the focus now on the growth outlook.
14:20 EDTTreasury Action: debt managers sell $29 B in 7-year notes Thursday
Treasury Action: debt managers sell $29 B in 7-year notes Thursday which will finish off this week's coupon auctions. There's also a $15 B 2-year FRN offering (11:30 ET). The wi 7-year richened over 2 bps to 2.15% following the successful 5-year auction. Month-end and geopolitical concerns could provide support. There's some speculation, though, that some buyers will remain sidelined ahead of the FOMC. Last month's sale was disappointing as the note tailed out to 2.152% and saw a low 2.44 cover and a 40.6% indirect bid.
13:50 EDTFed Policy Outlook: analysts don't expect any surprises from the FOMC
Fed Policy Outlook: analysts don't expect any surprises from the FOMC with tomorrow's policy announcement (there isn't a press conference or SEP). Another $10 B cut in QE purchases is universally expected, with the Fed expected to finish its buybacks in October with a $15 B reduction. Though there is likely to be a hot debate over the policy stance and the timing and tactics behind the exit, as suggested by Fed hawk Fisher's dissenting Op-Ed in the Wall Street Journal, the policy statement won't give anything away in terms of explicit strategies or rate lift-off timing. Indeed, about the only material change in the statement relative to June's should be a slight upgrade to the economic outlook and labor market conditions, while the statement on inflation should reiterate prices are running below target but longer-term expectations have remained stable. Risk is that the Fed starts to adjust its forward guidance and the "considerable time" phrase with respect to keeping rates low. And not now, but soon, the FOMC will have to start signaling how it will handle its portfolio. The markets are also seeing increased risk the Fed tightens sooner and more aggressively than is currently foreseen but there isn't likely to be any such indication here. Analysts are still forecasting the first rate hike will take place in Q2. Many other Fedwatchers have been pushing up their forecasts from 2H. And given the improvement in the labor market, there is risk for a hike as early as the March 17, 18, 2015 meeting, especially as it includes a press conference.
13:35 EDTEuro$ interst rate options: a few larger trades
Euro$ interst rate options: a few larger trades included a 30k block trade on Red December (2015) 91 calls, thought to be a bearish sale according to sources. There was also a "large roll" purchase of 20k in Short September 91 calls vs sale of Short August 91 calls. Selling volatility was a 1.5k sale of 88 straddles on Short December contracts. Euro$s remain defensive as the FOMC dissects the charts and spreadsheets today.
13:15 EDTTreasury's $35 B 5-year sale was solid and better than expected
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13:15 EDTTreasury Action: intermediate yields sank
Treasury Action: intermediate yields sank after the solid takedown on the 5-year issue and its various components, leaving the current 5-year yield back down below 1.70% compared to pre-auction levels near 1.714% and the award rate of 1.72% on the new notes.
12:45 EDTTreasury 5-year auction preview: a lukewarm sale is generally expected
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12:05 EDTFX Action: USD-CAD continues to climb
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11:50 EDTTreasury's $40 B 4-week bill auction was very well received
Treasury's $40 B 4-week bill auction was very well received. The upsized bill (increased by $5 B versus last week) was awarded right on the screws at 0.03%. Bids totaled $163.6 B for a 4.12 cover, well above the prior 3.94, especially considering the increased size. Indirect bidders took 27.1%, more than three times last week's poor 8.3% (the lowest since February) and better than the 18.3% average.
11:45 EDTArgentina's debt negotiation team arrived at NY offices
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11:30 EDTTreasury 5-year auction outlook: the wi 5-year is 1 bp richer at 1.715%
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11:30 EDTU.S. equities shifted right back down to lows
U.S. equities shifted right back down to lows following the latest EU sanctions against Russia, led by the tech sector reversal. The news gave USD-JPY a brief knock back below 102.00 again, but some resiliency in stock and FX terms is now emerging. The T-note yield also reversed back below 2.47% from post-consumer confidence highs of 2.476%.
11:15 EDTNY Fed bought $0.370 B in notes
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10:45 EDTEuro$ interest rate options: mostly bearish positioning
Euro$ interest rate options: mostly bearish positioning dominated ahead of tomorrow's FOMC decision. Among them were a purchase of 3k in December 96/97 put spreads, 3k in Green December 76/70 put spreads, 2k in Short September 88/90/91 put butterflies, 1k in Short September 87/90 put 1x2s and 1k in Short September 90/92 put 1x2s. The September 2014 contract is a half-tick lower near 99.76, while the nearby deferreds are 0.5-ticks lower and far deferreds up to 4-ticks firmer in keeping with the curve flattening trend.
10:35 EDTNY Fed outright purchase: the Fed is buying $0.30 B to $0.45 B in notes
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10:25 EDTThe July U.S. consumer confidence rise to an 90.9 new cycle-high
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10:15 EDTU.S. consumer confidence climbed to 90.9 in July
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10:15 EDTFX Action: The dollar edged higher
FX Action: The dollar edged higher following the much stronger confidence data, taking USD-JPY toward 102.10, near its intraday highs again, and EUR-USD down fractionally toward 1.3410. Equities are modestly higher, while yields stay pressured.
<< 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 | 28 | all recent NOSYMBOL news | >>

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