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News For NOSYMBOL From The Last 14 Days Check below for free stories on NOSYMBOL the last two weeks. |
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| June 14, 2013 |
| 06:20 EDT |  | | Commodities were broadly higher
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| 06:13 EDT |  | | FX rates may soon face global regulation in Libor review, Bloomberg reports Global regulators may soon begin overseeing currency rates in a growing response to benchmark-rate setting scandals that began with revelations on the manipulation of Libor, sources say, reports Bloomberg. The International Organization of Securities Commissions, a Madrid-based group that harmonizes market rules, may propose in the next month final guidelines improving transparency and oversight of benchmarks, including the WM/Reuters rates, the sources added. Reference Link |
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| 03:25 EDT |  | | FX Action: USD-JPY drifted lower FX Action: USD-JPY drifted lower on Tokyo name selling to trade into 94.70. The move was pinned on profit taking as Asian based accounts headed home for the weekend. The USD-JPY upside was limited over 95.50 overnight by corporate offers and short term accounts playing the range. After the recent volatility there is no appetite to run positions for too long. Early European accounts have expressed mixed views over PM Abe's growth plan. The fact that is passed through the Diet was not surprising, but Abe did not provide any fresh details to flesh out the initial announcement last week, which gives credence to reports that reforms are more likely to be watered down over the longer term. Abe promised more measures in July after the Upper House election. However, market participants are starting to think he may be struggling to put in place the 'third arrow' of his big revival plans. Ongoing doubts also remain over BoJ and the inintended market volatility that has followed. |
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| 01:10 EDT |  | | Asian stocks rebounded.
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| June 13, 2013 |
| 16:10 EDT |  | | U.S. Michigan Consumer Sentiment Preview
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| 16:05 EDT |  | | U.S. Industrial Production Preview
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| 15:44 EDT |  | | Fed likely to emphasize commitment to low rates, WSJ reports In light of indications that market participants are starting to think the Federal Reserve will raise interest rates sooner than previously thought, Fed Chairman Ben Bernanke is likely to emphasize at his press conference next week that the Fed is committed to keeping short-term rates low after it concludes its bond-buying program, reports The Wall Street Journal. Reference Link |
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| 15:05 EDT |  | | U.S. Current Account Preview:
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| 15:05 EDT |  | | U.S. PPI Preview:
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| 14:45 EDT |  | | Canada Manufacturing Preview
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| 13:58 EDT |  | | Averages sit near session highs
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| 13:55 EDT |  | | CBOE Volatility Index VIX is recently down 1.47 to 17.12
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| 13:40 EDT |  | | FX Action: USD-JPY touched N.Y. session highs of 94.92
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| 13:40 EDT |  | | U.S. equities forged higher
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| 13:25 EDT |  | | The U.S. 30-year bond auction was weak The U.S. 30-year bond auction was weak, with the auction tailing out badly. The $13 B sale was awarded at 3.355%, versus 3.324% at the bid deadline and up sharply from 2.98% in May. There were $32.0 B in bids for a 2.47 cover, slipping from 2.53 last month despite the smaller size. It compares with a 2.58 average over the past 12 auctions. Indirect bidders took 40.2%, versus 38.8% in May and a 36.4% average. But direct bidders took just 8.4%, versus 15.5% last month. And primary dealers were left with 51.2%, up from 45.7%. |
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| 13:15 EDT |  | | Treasury Action: long yields blasted higher on the 30-year reopening
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| 12:10 EDT |  | | Treasury Option Action: bearish call selling on bonds Treasury Option Action: bearish call selling on bonds has crept into the mix ahead of the 30-year reopening, sources say this is fading the upmove in prices. Some 2k in Aug 144 calls were sold with underlying Sep bonds 26-ticks firmer near 139-18 compared to their 139-28 to 138-22 range. Cash bond yields stalled at 3.36% earlier and sank to 3.31% before stabilizing near 3.33%. |
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| 11:25 EDT |  | | NY Fed Ops: the Fed purchased $3.29 B in Treasuries
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| 11:10 EDT |  | | Treasury Options Action: a variety of flows Treasury Options Action: a variety of flows have materialized even as the underlying Treasury futures are locked in a range ahead of the 30-year auction. Sources reported a "block seller" of 9.3k in Sep 5-year futures at 122-01, along with a "seller of 10k in Aug 121 puts vs a purchase of 10k in Aug 122.5/123 call spreads (net vol seller) and a bullish purchase of 3.5k in Sep 123/123.5/124 call butterflies." Among the larger 10-year positions were a bullish "sale of 6k in 2-week 127.5 puts, bullish seller of 5k in Jul 129.5 puts vs 5k purchase in Aug 130 calls and a bullish buyer of 8k in Sep 131 calls." Sep 10s are 7.5-ticks firmer near 128-275 compared to a 129-055 to 128-18 range. |
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| 10:35 EDT |  | | FX Action: USD-JPY briefly tested overnight lows
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