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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
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
10:05 EDTFed Policy Outlook: analysts expect the FOMC to drop the "considerable time"
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09:47 EDTHouse Committee on Small Business to hold a hearing
The Subcommittee on Contracting and Workforce holds a hearing entitled, "The Decline in Business Formation: Implications for Entrepreneurship and the Economy" with Chief Economist Moutray of the National Association of Manufacturers and EVP Dearie of the Financial Services Forum on September 11 at 10 am. Webcast Link
09:43 EDTMarket opens lower as country commemorates 2001 attack
Stock futures weakened during the pre-market trading session, leading to a lower open for the broader market. Initial jobless claims came in higher than expected and the economic calendar is relatively quiet for the remainder of the day, with the natural gas storage change report and the Treasury budget for August due later. Last night the President outlined the U.S. strategy against ISIL on the eve of the commemoration of the September 11, 2001 attack. In early trading, the Dow is down 54 points, the Nasdaq is down 12 points and the S&P is down 5 points.
09:35 EDTFX Action: USD-JPY was smacked down to 106.65
FX Action: USD-JPY was smacked down to 106.65, after posting trend highs of 107.14 into the N.Y. open. The market appeared to have gotten a bit ahead of itself after taking out the 107 mark, with intra day longs bailing out on the return under 107. Offers are said to be thick from 107.15 all the way to 107.50, though following comments overnight from the BoJ's Kuroda, further yen strength may be fleeting. The central bank chief said he would not hesitate to ease again in order to achieve the CPI target.
09:30 EDTCan the Fed Drop "Considerable Time" Without Spooking the Markets?
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09:28 EDTCitigroup agriculture analysts to hold an analyst/industry conference call
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09:15 EDTEuro$ interest rate futures recouped some losses
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09:05 EDTU.S. equities slumped with European bourses
U.S. equities slumped with European bourses turning lower again as concerns about centrifugal forces on the continent give rise to fresh investor doubts following recent poll swings in Scotland. In addition, confirmation of the latest round of EU sanctions on Russia added to the bearish mix, leaving Russian shares 0.6-1.2% lower. The Euro Stoxx 50 is 0.5% lower, while in Asia the Nikkei rallied 0.76% thanks to USD-JPY trespassing over 6-year highs of 107.00. The Dow is 76-points lower, S&P sank 9-points and NASDAQ is off 16-points ahead of the opening bell. The 11k rebound in jobless claims wasn't particularly helpful, keeping focus on the downside. After stoking yesterday's rally following the UBS upgrade on Twitter, that micro-blogging firm sank after announcing plans to raise $1.5 B via convertible bonds. Amazon fell with the approach of the Alibaba IPO taking a toll. RadioShack remains volatile amid ongoing speculation over its dissolution and rescue.
08:50 EDTThe 11k U.S. initial claims pop to 315k
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08:45 EDTTreasury Action: yields remained steady below highs
Treasury Action: yields remained steady below highs following the rebound in jobless claims that exceeded expectations, but weren't entirely a surprise given recent softness in jobs stats. The 10-year yield is holding under 2.52% relative to opening stock market weakness compared to 2.54% near the Tuesday close, with room for another stab to 2.50% or below at 2.44% if stocks continue to unwind. The 2s-10s spread is trading slightly narrower just inside +197 bp.
<< 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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