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Stock Market & Financial Investment News

News For NOSYMBOL From The Last 14 Days
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May 26, 2015
20:53 EDTJMP Securities to hold a field trip
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20:42 EDTBMO Capital to hold a conference
2015 Global Energy Invitational consists of informative and topical discussions, 1:1s, golf and other activities and is being held in Pinehurst, NC on May 27-29.
17:02 EDT 4-Week Bill Auction to be released at 11:30
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17:02 EDTWeek of 6/6 Redbook to be released at 08:55
15:05 EDTTreasury Closing Summary:
Treasury Closing Summary: The latest wrinkle in creditor diplomacy over Greece on Tuesday trumped mostly firmer U.S. data to leave stocks and yields sharply lower than they began the session. Reports swirled that creditor talks had broken off again following combative statements by the Greek finance minister following a shift to the left in local elections. That knocked European stocks off their pedestal, led by a 1.6% drop in the German DAX, which spilled over to Wall Street. That followed a generally constructive array of housing, confidence and PMI data, though durables came up short. Cavitations in the energy and commodities markets compounded the move to safety.
14:25 EDTFed Board minutes showed little change in thinking through April
Fed Board minutes showed little change in thinking through April, with most Districts still voting for no change in the 0.75% primary credit (Discount) rate at the March 30 meeting, as well as the April 13, and April 27 meetings. However, Minneapolis continued to argue for an easing to 0.50%, while KC, Philadelphia Cleveland, and Dallas all voted to hike the rate 25 bps to 1.0%. The minutes showed the directors generally echoed the sentiment that Q1 economic weakness was transitory and a function of harsh winter weather.
14:22 EDTRichmond Federal Reserve Bank President speaks on financial stabilityf
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14:01 EDTMarket near session lows in afternoon trading
Each of the major equity indices is off by over 1% and near session lows in afternoon trading. Declining stocks are well ahead of advancing stocks by about 4:1 while down volume is ahead of up volume by almost 5:1. Oil prices are down about 3% and gold is down 1.5%.
13:30 EDTTreasury Option Action: some profit taking
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13:15 EDTTreasury Action: short yields steadied above lows
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13:15 EDTTreasury 2-year auction was pretty well subscribed, as expected
Treasury 2-year auction was pretty well subscribed, as expected. The note tailed fractionally at 0.648% versus 0.645% at the bid deadline, though not too bad considering some big price swings today. That stop compares to last month's 0.540% and is the second highest since April 2011 (bested only by the 0.703% from December). Bids totaled $88.3 B for a 3.40 cover, better than the sub-par 3.30 for April but in line with the 3.43 average. Indirect bidders took 42.3%, above both the prior 38.1% and the 36.4% average. Direct bidders accepted 17.2% versus 14.6%, while primary dealers took 40.5% compared to 47.3% previously.
13:05 EDTFX Action: USD-JPY has pulled back from its 123.32 high
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12:50 EDTFed VC Fischer said "analysts should expect spillovers"
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12:45 EDTTreasury 2-year auction preview: the auction should be well received
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12:25 EDTAtlanta Fed's GDPNow forecast was revised up to 0.8%
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12:10 EDTU.S. equities are attempting a deceased feline bounce
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11:55 EDTTreasury's $48 B 3- and 6-month bill sale was very well received
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11:30 EDTToday's U.S. reports
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11:30 EDTTreasury 2-year auction outlook: the $26 B sale kicks off a heavy calendar
Treasury 2-year auction outlook: the $26 B sale kicks off a heavy calendar this week with $90 B in coupon sales, a $13 B 2-year FRN, and some $120 B in bills. Though the big plate of offerings could be difficult to digest, today's 2-year shouldn't be problematic. Recent auctions of this maturity have come on the screws, or though, and the back up in rates this month should prove attractive to traders and overseas players. The wi had climbed to 0.67% today, which would be the highest stop this year, and the second highest going back to April 2011. But it's dipped back to unchanged at 0.65% as equities plunge on Greece worries. The note is relatively cheap against the 10-year amid curve flattening trades over the past two weeks thanks to Fed tightening fears. However, the recent concessions should be sufficient to compensate for the moderate and shallow rate hike trajectory that's projected. Indirect bidding should remain strong given wide spreads to foreign sovereigns, and as Greek default risks mount. The April 2-year sale stopped at 0.540% and garnered a 3.30 cover (3.43 average) and a 38.1% indirect bid (36.4% average).
11:25 EDTTreasury Curve Action: long yields paced the move lower
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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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