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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 17, 2013 |
| 11:50 EDT |  | | Treasury's $55 B 3- and 6-month bill auction was tepid
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| 11:15 EDT | | | NY Fed purchased $5.513 B in Treasury notes
NY Fed purchased $5.513 B in Treasury notes ranging in maturities from March 2018 through February 2019. The Street offered $14.4 B. This is the first of four purchases this week (excluding Wednesday). The large buyback has helped cap the rise in yields after better than expected data, though of more importance holding down yields are expections the FOMC won't announce QE tapering Wednesday. The 5-year yield has dipped back to 1.01% from an earlier high of 1.03%, and 1.04% overnight. |
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| 11:10 EDT | | | Treasury announed a $30 B 4-week bill sale for Tuesday
Treasury announed a $30 B 4-week bill sale for Tuesday. The size is unchanged from last week but down from $35 B the week before that. Later this morning the Treasury is offering $55 B in 3- and 6-month bills, also unchanged over the past several weeks. |
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| 11:10 EDT | | | FX Action: USD-CAD took a quick look over 1.0175
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| 10:30 EDT | | | NY Fed Outright Purchase: the Fed is buying $4.75 B to $5.75 B in notes
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| 10:25 EDT | | | Euro$ interest rate futures are firmer
Euro$ interest rate futures are firmer to start the FOMC week as the short-dated rate contracts bought into the idea that no great shifts in QE policy will be announced on Weds following WSJ Fedwatcher Hilsenrath's piece last week. This was followed by another WSJ Fed preview today that the Fed could tweak its economic assumptions that have consistently overestimated growth. Maintaining optimism in the forecasts could signal the intention to taper QE "in the next few meetings" as Bernanke last indicated, while lowering the bar on the forecasts would have the opposite impact. The Sep 2013 contract is a half-tick firmer at 99.71, while the deferreds are 1-2 ticks higher further out, seemingly pricing in relative calm on the Fed front for now. |
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| 10:15 EDT | | | FX Action: The dollar perked up again after the much better housing data
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| 10:15 EDT | | | Treasury Action: yields snapped back toward highs
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| 10:13 EDT | | | Averages up about 1% in early trading
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| 10:01 EDT | | | Housing Market Index data reported
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| 09:45 EDT | | | U.S. NAHB housing market index preview:
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| 09:36 EDT |  | | CBOE Volatility Index VIX is recently down 79c to 16.36
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| 09:10 EDT | | | The U.S. Empire State report
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| 09:00 EDT | | | FX Action: USD-JPY threatened 95.00 over the U.S. data
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| 08:55 EDT | | | U.S. equities are comfortably higher
U.S. equities are comfortably higher to start off the week in line with gains on global stocks and regathering some confidence ahead of the FOMC meeting midweek. The Empire State index surged to 7.84 in Jun, lending a positive spin to momentum, though many of the data's components were stubbornly weak. In Asia, Japan's N-225 hurtled 2.73% higher, the HK Hang Seng rose 1.2% and the Shanghai Comp sank 0.25%. Bourses in Europe are stronger across-the-board, with the Euro Stoxx 50 up 1.4% and France's CAC 40 outperforming with a 1.5% gain. The Dow is 116-points higher, S&P gained 12-points and NASDAQ is 25-points consolidating gains after Empire data heading into the open. In corporate news, Smithfield Foods remains in play and volatile, rising 1.5% after one its stakeholders pushed for break-up of the company rather than its sale to China's Shuanghui. AMD ralled 5% after a bullish Barron's article. NAHB HMI is forecast to gain moderately next. |
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| 08:45 EDT | | | Treasury Action: yields popped up on Empire data
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| 08:44 EDT | | | Empire State Mfg Survey General Business Conditions Index data reported
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| 08:40 EDT | | | U.S. Empire State index surged over 9 points to 7.8 in June
U.S. Empire State index surged over 9 points to 7.8 in June, more than erasing the 4.5 point drop to -1.4 in May. This is the higest since March's 9.2. But he components of the report were mixed and not quite as encouraging as the headline. The employment index fell to unchanged from 5.7. New orders dropped to -6.7 from -1.2. Prices paid little changed at 21.0 from 20.5. The 6-month index dipped to 25.0 from 25.5. The 6-month employment index slid to 1.6 from 11.4 while capital expenditures plunged to 3.2 from 22.7, with prices paid at 45.2 from 29.6. Ahead of the FOMC and given the mix in the data, Treasury yields should be little changed. |
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| 08:36 EDT | | | Futures remain higher
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| 08:35 EDT | | | FX Action: USD-CAD traded a narrow 1.0150-65 range in London
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