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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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September 11, 2014
14:25 EDTU.S. Retail Sales Preview
U.S. Retail Sales Preview: August retail sales will be released on Friday and analysts expect the headline to grow by 0.4% (median 0.5%) with the ex-autos figure up 0.1% for the month. This follows respective July rates of unchanged and 0.1%. The outlook for August retail sales is modest but should be held up by back to school shopping at the beginning of the month as well as firm auto sales as analysts discussed in Monday's commentary.
14:20 EDTTreasury Action: yields stayed elevated
Treasury Action: yields stayed elevated to round out the session, with the largely as-expected budget deficit narrowing. The T-note yield is holding near 2.53% after stabbing below 2.52% on the solid bond reopening, having bubbled back up from 2.50% lows earlier. The 2s-10s spread remained stuck near +197 bp for the bulk of the session.
14:10 EDTTreasury posted a $128.7 B budget deficit for August
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14:01 EDTTreasury Budget data reported
August Treasury Budget at -$128.7B vs consensus of -$130.0B
13:55 EDTU.S. Treasury budget preview:
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13:15 EDTTreasury's $13 B bond reopening was solid
Treasury's $13 B bond reopening was solid. The bond priced well, stopping through at 3.240%, the richest level of the day, versus 3.265% at the bid deadline (and it compares to the 3.224% award rate for the $16 B August new issue). There were $34.7 B in bids for a 2.67 cover, better than both last month's 2.60 and the 2.42 average. Indirect bidders took 45.5% versus the the prior 45.9% and the 43.7% average. Direct bidders accepted 21.8%, a little weaker that the 24.4% in August, while primary dealers were awarded 32.8%, a little more than the prior 29.8%.
13:15 EDTTreasury Action: long yields dove on the solid bond reopening
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13:12 EDTAugust Durable Goods Orders to be released at 08:30
13:12 EDTWeek of 9/20 Jobless Claims to be released at 08:30
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12:40 EDTFX Action: USD-CAD has made its way to a 1.1041 peak
FX Action: USD-CAD has made its way to a 1.1041 peak, a better than four-month high. A softer risk backdrop has weighed on the CAD, as have weaker oil and commodity prices, and USD favorable interest rate differentials. The April high of 1.1053 marks initial resistance, while above there, the 1.1070 region will be targeted.
12:35 EDTTreasury 30-year auction outlook: the $13 B reopening
Treasury 30-year auction outlook: the $13 B reopening completes this week's offering, which have so far yield rather average results. The wi is trading at 3.265%, after testing as cheap as 3.275% earlier today and as rich as 3.22% on Tuesday. Like the prior two auction legs, the impending FOMC meeting is likely to restrain demand as the Fed is universally expected to trim another $10 B from QE (it's on course to be completed in October), with the potential that the "considerable time" language is dropped in advance of rate hikes next year. With that in mind, the curve is showing a shift back to steepeners, which could be a deterrent for buyers. The auction should get solid support from an ongoing yield grab, and especially from overseas accounts. The indirect bid on yesterday's 10-year was the highest since March 2011. The August 30-year auction was awarded at 3.224% and garnered a 2.60 cover (2.42 average) and a 45.9% indirect bid (43.7% average). Direct bidders accepted 24.4% while primary dealers were awarded 29.8%.
12:12 EDTTeucrium Corn Fund volatility flat as corn trades at four-year low
Teucrium Corn Fund overall option implied volatility of 27 is near its 26-week average of 26 according to Track Data, suggesting non-directional price movement as USDA raises U.S. corn yield forecast to record.
11:30 EDTTreasury Option Action: mulling open interest
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11:15 EDTNY Fed bought $2.314 B in notes
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11:15 EDTToday's U.S. QSS service consumption data
Today's U.S. QSS service consumption data for Q2 suggests a modest $5 B boost in service consumption in the next GDP report, and analysts now assume a boost in headline real Q2 GDP growth to 4.4% from 4.2%. For other revisions, analysts expect Q2 boosts of $7 B for construction and $2 B for net exports, but downward revisions of $2 B for wholesale inventories and $4 B for factory inventories. Analysts assume Q3 GDP growth OF 2.8%, with a 2.0% growth rate for Q3 consumption. Today's QSS data reveal a 6.5% Q2 nominal growth clip after a lean 1.5% Q1 rate and 7.7% pace in Q4 of last year, versus nominal service growth of 3.4% in Q2, 3.7% in Q1, and 6.1% in Q4. The hospital sector posted a Q2 growth bounce to 10.6% after a 5.7% contraction rate in Q1 and 13.7% growth rate in Q4 of last year, to leave what is still a notable net underperformance for the health care sector in 2014.
11:10 EDTTreasury announced a $13 B 10-yar TIPS reopening for next Thursday
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10:30 EDTEIA Natural Gas Storage Change for the week ending September 5
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10:30 EDTNY Fed outright purchase: the Fed is buying $2.0 B to $2.5 B in notes
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10:30 EDTMore from BoJ governor Kuroda:
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10:06 EDTQuarterly Services Survey Information Revenue data reported
Quarterly Services Survey Information Revenue up 0.8% for the quarter
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