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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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| May 24, 2013 |
| 11:25 EDT |  | | Treasury Option Action: mostly put spread exits
Treasury Option Action: mostly put spread exits were the rule in today's shortened session and limited upside positioning on 5s and 10s, according to sources. Among these were a sale of 5k in Jul 130+ puts and a seller of 20k in Jul 127+/129 put spreads (seen as an exit). On the 5-year was a bullish buyer of 15k in Jul 123/123.25/123.5/123.75 call condors. Jun 10s are now 6.5-ticks firmer near 131-15, extending gains, compared to a 131-195 to 131-05 session range. |
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| 10:30 EDT | | | Treasury Supply: Treasury auctions $99 B in coupons in the shortened week
Treasury Supply: Treasury auctions $99 B in coupons in the shortened week. On tap are a $35 B 2-year offering (Tuesday), $35 B in 5-year notes (Wednesday) and $29 B in 7-year notes (Thursday). When issued yields are all lower heading into the long weekend. The 2-year cheapened slightly to 0.26%. The 5-year is 2 bps richer at 0.90%, with the 7-year down 3 bps at 1.38%. All rates are well above auction stops from last month, however, thanks to the big selloff of late. And though that cheapening is supportive, the bond market is on the defensive amid worries the Fed could start stepping down on QE sooner rather than later. There are also ongoing concerns over the weakening in Japan's bond market and possible spillover to Treasuries and indeed global sovereigns. Plus, recent auctions haven't garnered great results, not even the 2-year which should be supported by the likelihood rates will remain near zero into next year, if not later. However, growth is not taking off and there are still headwinds here and abroad that should sustain demand. It's also month-end and the Barclays' Treasury index is estimated to extend out 0.10 years, versus an average of about 0.06 years, which should support modestly. Analysts expect fairly average results. |
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| 10:05 EDT | | | Euro$ interest rate options: bearish call selling
Euro$ interest rate options: bearish call selling has been reported, with the "sale of 3k in Gold Jun 80/82 1x2s." This is largely in line with the weaker profile on the underlying short-dated rate contracts, as the Jun 2013 is flat near 99.73, while the deferreds are 0.5-1.0 ticks lower further out the curve. In terms of Libor, the 3-month dollar Libor rate was unchanged at 0.27275%, while the dollar Libor/OIS spread was also stuck at +15 basis points. |
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| 09:48 EDT | | | Market begins session lower
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| 09:33 EDT |  | | CBOE Volatility Index VIX is recently up 52c to 14.59
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| 09:05 EDT | | | Treasury Option Action: unwinding of bearish put spreads
Treasury Option Action: unwinding of bearish put spreads appears to be the main opening salvo in Treasury options. This included the "sale of 10k in Jul 127.5/129 put spreads, followed by another likely 10k in sales." Sources are characterizing this as a quick liquidation of a recent bearish bet. Jun 10s are a tick higher near 131-095 despite the firmer round of durables data, compared to a 131-16 to 131-05 range. |
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| 08:50 EDT | | | U.S. equities are above overnight lows
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| 08:45 EDT | | | FX Action: The dollar firmed up a bit
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| 08:45 EDT | | | Treasury Action: yields backed up from lows
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| 08:40 EDT | | | U.S. durable goods orders rebounded 3.3% in April
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| 08:36 EDT | | | CBOE Volatility Index VIX of 14.07 at low end of six-year range
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| 08:33 EDT | | | Futures improve ahead of open
Stock futures improved ahead of the open following the release of the durable goods orders report. The data showed that durable goods orders increased 3.3% overall versus the expected increase of 1.5%. Excluding transportation items, orders rose 1.3% versus an expected increase of 0.5%. |
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| 08:31 EDT | | | Durable Goods Orders Ex-transportation data reported
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| 08:31 EDT | | | Durable Goods Orders data reported
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| 08:15 EDT | | | U.S. Durable Goods Preview
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| 08:10 EDT | | | Fed funds opened at 0.09%
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| 07:50 EDT | | | Treasury Market Outlook: Treasuries have edged slightly higher
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| 07:30 EDT | | | N.Y.FX Outlook
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| 07:17 EDT | | | Trading expected to be slow ahead of holiday weekend
U.S. equity futures are trading slightly lower in early trading. The market began yesterday’s session deep in negative territory but closed just slightly in the red. Investors will be watching the durable goods orders report which is due out at 8:30 am. Analysts are expecting the data to show an increase of 1.5%. The day’s activity is expected to be slow ahead of the long holiday weekend. |
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| 07:10 EDT |  | | Fed sends mixed signals, WSJ reports
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