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Stock Market & Financial Investment News

News For NOSYMBOL From The Last 14 Days
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October 9, 2014
11:09 EDT52-Week Bill Announcement CUSIP Number data reported
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11:09 EDT52-Week Bill Announcement Offering Amount data reported
52-Week Bill Announcement Offering Amount at $25.0 B
11:09 EDT6-Month Bill Announcement Offering Amount data reported
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11:09 EDT3-Month Bill Announcement Offering Amount data reported
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10:50 EDTU.S. corporate debt: a $5.1 B Dynegy Financial multi-trancher
U.S. corporate debt: a $5.1 B Dynegy Financial multi-trancher creeps on to the books on Friday, a high yield offering comprised of 6-,8- and 10-year tranches. A few other high yield deals crop up then as well, including a $1 B 2-trancher form Lunding Mining, MPG, Natural Resources and Providence among them. Otherwise, there's really not much on the corporate docket today to remotely crowd the Treasury's $13 B reopening later.
10:35 EDTSt Louis Fed's Bullard didn't speak on policy or the economy
St Louis Fed's Bullard didn't speak on policy or the economy in his introductory remarks as the Community Banking Research and Policy Conference. He will be speaking with reporters later today. A number of other Fedspeakers are on the docket today, including VC Fischer, governor Tarullo, and presidents Lacker and Williams. Note too that ECB's Draghi will be speaking along with Stan Fischer on monetary policy and global central banking at the Brookings Institute.
10:30 EDTEIA Natural Gas Storage Change for the week ending October 3
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10:30 EDTThe U.S. wholesale trade report
The U.S. wholesale trade report revealed diverging sales and inventory paths that were modestly discouraging on net. Wholesale sales undershot inventories in August given a 0.7% sales rise but 0.7% inventory, after a five-month stretch of stronger sales than inventory figures. Thanks to disappointing sales, the inventory-to-sales (I/S) ratio bounced to 1.19 from 1.17 over the prior three months (was 1.16 in July) to bring the ratio back to the high-end of the 1.16-1.19 range evident since April of 2013. Analysts saw a much lower 1.13 cycle-low in January of 2011 that matched the all-time low in June of 2008. Our 2.8% Q3 GDP growth estimate incorporates a $12 B inventory subtraction, following a $49.6 B inventory boost to Q2 GDP growth that translated to a relatively lofty $84.8 B accumulation rate. For monthly forecasts, analysts expect a 0.4% (was 0.3%) August business inventory rise, given today's 0.7% wholesale increase, the 0.1% factory inventory rise, and an assumed 0.6% retail inventory gain. The overall business I/S ratio should rise to 1.30 in August from 1.29 over the prior five months.
10:25 EDTTreasury 30-year auction outlook:
Treasury 30-year auction outlook: the $13 B bond reopening completes this week's auctions. Yesterday's 10-year sale was very poorly subscribed, after a strong 3-year sale Tuesday, and today's is likely to fall somewhere in between. The wi richened to 3.03% in early trading, the lowest since May 2013, but has risen to 3.06% after the improved claims data and as the market sets up for the sale. The bond traded as cheap as 3.135% on Monday as the jobs report continued to reverberate. Like the 10-year auction yesterday, the outright richness may temper demand. Meanwhile, the 10s-30s spread has widened out to 73 bps, the widest since mid-September, which could be attractive at the margin. A tame inflation outlook is also supportive. There will be a natural bid for duration, and the likely 3% coupon should bring in real money buyers too, while the wide spreads to European and Asian sovereigns should underpin. However, the indirect bid on yesterday's 10-year came in a little below average. September's bond auction priced strong at 3.24% and saw a 2.67 cover (2.44 average) and a 45.5% indirect bid (44.3% average), while direct bidders accepted a hefty 21.8%.
10:15 EDTTreasury Action: yields held above lows
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10:15 EDTFX Action: USD-CAD peaked at 1.1126
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10:10 EDTU.S. August wholesale inventories surged 0.7%, while sales dropped 0.7%
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10:03 EDTWholesale Trade Inventories data reported
August Wholesale Trade Inventories up 0.7% vs. consensus of 0.3% for the month
10:00 EDTU.S. wholesale trade preview:
U.S. wholesale trade preview: Wholesale sales are expected to grow 0.2% in August (median 0.4%) vs 0.7% in July, while inventories should grow 0.3% vs 0.1% in July. Data in-line with our forecast would leave the I/S ratio up to 1.17 from 1.16 in July. report for more detail.
09:54 EDTBofA/Merrill REITs-Apartments hold analyst/industry conference call
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09:48 EDTBloomberg Consumer Comfort Index Level data reported
Week of 10/5 Bloomberg Consumer Comfort Index Level at 36.8
09:39 EDTMarket opens in negative ground despite lower weekly jobless claims
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09:25 EDTEuro$ interest rate options: a variety of flows
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08:55 EDTU.S. equities are underwater again
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08:50 EDTOil Action: NYMEX crude is down 40 cents
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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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