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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 4, 2013 |
| 12:27 EDT |  | | Large companies to campaign for corporate tax reform, Politico says
More than two dozen Fortune 200 companies are expected to launch a group that will campaign for corporate tax reform, according to Politico. Reference Link |
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| 12:25 EDT |  | | Gundlach says opening floating rate fund to public in July
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| 12:25 EDT | | | Fed's George is sick
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| 12:13 EDT | | | Gundlach says Nikkei buying opportunity in 'mid-12,000s'
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| 12:10 EDT | | | Doubleline's Gundlach says Fed likely to buy fewer bonds as deficit shrinks
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| 11:46 EDT |  | | The Brookings Institution to host a webcast on the global economic outlook
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| 11:45 EDT | | | Treasury's $35 B 4-week bill sale wasn't great, relatively
Treasury's $35 B 4-week bill sale wasn't great, relatively. The bill was awarded at 0.04%, right on the screws at the bid deadline and a tad cheaper than the prior stop at 0.03%. Bids totaled $153 B for a 4.38 cover, up from 4.12 last week, helped by the $10 B cut in size, but below the 4.55 average. Indirect bidders took 20.6%, below the prior week's 38.2% as well as the 24.9% average. |
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| 11:10 EDT | | | NY Fed bought $3.3 B in notes
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| 11:05 EDT | | | Treasury Option Action: selling of volatility
Treasury Option Action: selling of volatility has crept into the mix, which could suggest some are looking for ranges to prevail ahead of the payrolls report Friday. Among these was a sale of 1k in Sep 129 puts/133 calls strangles with the Sep 10-year future at 129-10+ at the time of the trade vs the 129-19 to 129-08 range. The T-note appears to be stalling out below highs of 2.165% and slipping back under 2.15% now to 2.14%. |
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| 10:40 EDT | | | More Tweets from PIMCO's Gross:
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| 10:35 EDT | | | NY Fed is buying $2.75 B to $3.5 B in notes
NY Fed is buying $2.75 B to $3.5 B in notes dated from August 15, 2020 through May 15, 2023. The buyback hasn't provided much support for Treasuries. Yields are near their highs for the day with the 7-year note up over 3 bps at 1.56% and the 10-year yield nearly 4 bps higher at 2.156%. Reportedly there's been a large real money seller of 10s earlier. |
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| 10:15 EDT | | | U.S. Treasury Receipts Post Solid May Climb:
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| 09:57 EDT | | | Market higher in early trading
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| 09:50 EDT | | | U.S. corporate bond update: a pick up in issuance could weigh on Treasuries at the margin
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| 09:38 EDT |  | | CBOE Volatility Index VIX is recently down 44c to 15.84
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| 09:35 EDT | | | The U.S. trade gap widening to a largely expected $40.3 B
The U.S. trade gap widening to a largely expected $40.3 B followed annual revisions that narrowed recent trade deficits by an average $0.7 B over the last six months, and that boosted likely Q1 GDP growth. The April widening is from a $37.1 (was $38.8) B March deficit that marked the smallest gap since January of 2010. The April deficit remains narrower than recent quarterly average gaps of $41.2 (was $42.3) B in Q1 and $42.5 (was $42.8) B in Q4. Analysts now expect a boost in Q1 GDP growth to 2.6% from 2.4%, with a $12 B upward net export bump alongside a $5 B downward construction revision, a $3 B downward Q1 revision to consumption, and a $4 B boost to inventories. Analysts continue to assume 1.8% GDP growth in Q2 with a $2 net export subtraction, following a revised $5 B addition (was $6.8 B subtraction) in Q1. Analysts expect a widening in the current account deficit to $114.0 B in Q1 from $110.4 B in Q4, and analysts expect a $111 B gap in Q2. For 2013 overall analysts expect a current account gap of $447 B, versus prior gaps of $475 B in 2012, and a record $801 B back in 2006. |
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| 09:30 EDT | | | Treasury Option Action: some bullish positioning
Treasury Option Action: some bullish positioning has been reported, including the "sale of 5k in Sep 127/129 put spreads" vs 10-year futures and the "purchase of 1k in Jul 143/154/146 broken call butterflies" vs bond futures. Sep 10s were trading near 129-10 at the time, while Sep bonds were near 140-04. Cash yields are still near session highs. |
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| 09:20 EDT | | | PIMCO's Gross released his Jun Investment Outlook
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| 09:00 EDT | | | U.S. equities have moved higher
U.S. equities have moved higher ahead of the opening bell after decent gains in Asia and a moderate bounce in Asia, while the U.S. trade gap widened back out to $40.3 B in April. In Asia, the Japan Nikkei-225 rose over 2%, recovering some lost ground as the yen steadied back over Y100 vs the dollar, while the S&P/ASX 200 rose just 0.26% after the RBA kept policy unchanged with a relaxed bias, though the Shanghai Comp sank 1.4%. In Europe, the Euro Stoxx 50 is 0.3% higher, with similar gains across other bourses outside of the weaker Stockholm OMX. The Dow gained 16-points, S&P is 3-points higher and NASDAQ is up 7-points in pre-market trade. In corporate action, online games maker Zynga is still in the news, recovering 1% after its 12% fall yesterday on sweeping layoffs and office closures. GM rallied after news that it will be added to the S&P 100 and 500 in place of Heinz. Fedex announced plans to speed the retirement of several hundred planes and engines. A round of Fedspeak this afternoon will be eyed next for direction. |
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| 08:59 EDT | | | Argus healthcare analyst holds an analyst/industry conference call
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