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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 17, 2013 |
| 16:15 EDT |  | | April Personal Income and Outlays to be released at 08:30
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| 15:20 EDT | | | Treasury Action: Treasuries remain at their lows of the day
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| 15:10 EDT | | | Treasury Closing Summary:
Treasury Closing Summary: Bonds bombed on Friday after the data took a turn for the better following a week of largely dour reports. The QE debate remained in full force, with fresh contributions from a think tank, PIMCO, Hilsenrath and Fed's Kocherlakota. Though this took on fresh urgency and relevance ahead of next week's FOMC minutes and Bernanke JEC testimony, though analysts don't expect it to be resolved by then. Though the NY Fed made its biggest purchase of Treasuries of the week, it barely slowed the sell-off at the long-end today. |
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| 14:40 EDT | | | More from Kocherlakota: the Fed needs to better communicate its QE stance and the timing of its taper
More from Kocherlakota: the Fed needs to better communicate its QE stance and the timing of its taper. But he added the communication tool is still a work in progress. The new set of thresholds are an important component of monetary policy. It would be difficult for the Fed to start raising rates with the unemployment rate over 6.5%. |
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| 14:00 EDT | | | Fed's Kocherlakota's comments are dovish
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| 13:50 EDT | | | Action Economics Survey results:
Action Economics Survey results: Fed taper talk still dominates the market chatter as the beginning to the end continues to be debated. But setting a date seems more like trying to pin the tail on the donkey, and a moving donkey at that, considering the uncertainty over when the employment and inflation criteria will be met. There's a dearth of crucial economic data out over the next two weeks, so neither analysts nor the FOMC will get much new information. However, median estimates suggest what figures will be released will support signs of moderate growth. Both new and existing home sales are expected to post gains in April. Durable goods orders are also expected to rebound, while Q1 GDP is expected to be revised slightly higher. More importantly though, Chairman Bernanke testifies before the JEC on Wednesday where analysts'll scrutinize his comments for any new policy leanings following the shift to a symmetric stance on asset purchases at the May 1 meeting. <?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /><o:p></o:p> |
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| 13:45 EDT | | | U.S. Treasury is prepared to take steps to free up $260 B
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| 13:15 EDT | | | Treasury Action: Treasuries have been smacked
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| 13:05 EDT | | | U.S. equities have stalled out below highs
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| 12:31 EDT | | | Fitch downgrades Slovenia to 'BBB+' from 'A-', outlook negative
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| 12:25 EDT | | | WSJ Fedwatcher Hilsenrath Previewed Bernanke's JEC testimony
WSJ Fedwatcher Hilsenrath Previewed Bernanke's JEC testimony in a video journal on the "Real Time Economics" blog, summarized as follows: amid the QE taper debate the Fed would clearly like for the economy to be sufficiently strong to head for the exit, but inflation has been declining and the jobs outlook improving somewhat, which suggests that the Fed is "not there yet." The debate could focus on risk of a stock market bubble, but Bernanke has downplayed that in recent speeches. Housing gains have been important, but that's one of the Fed's primary goals to help restore household balance sheets and improve confidence and spending. As to Ben's successor, Hilsenrath leans toward Yellen and away from Geithner and Summers, who have closer ties to the Obama Administration at an awkward time during recent IRS scandals and the like. |
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| 12:21 EDT | | | Energy Department authorizes LNG export facility
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| 11:10 EDT | | | Another Gross Tweet from PIMCO:
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| 11:10 EDT | | | NY Fed bought $5.469 B in notes
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| 11:00 EDT | | | U.S. factory goods benchmarked data showed mixed revisions
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| 10:55 EDT | | | Today's U.S. reports
Today's U.S. reports revealed a big upside May surprise for Michigan sentiment that included an outsized-pop in the present conditions index, alongside a 0.6% April leading indicators rise that beat assumptions, but that followed downward back-revisions that left the April index at the expected level. Analysts would partly attribute the big sentiment surge to volatility in the preliminary survey, and analysts assume some mean-reversion in the final May survey that trims the hefty May gain in the present conditions measure. Overall, today's upside headline surprises take some of the edge off yesterday's disappointing Philly Fed, initial claims and housing starts headlines. |
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| 10:54 EDT |  | | Guggenheim's Washington Research Group's political analyst holds conference call
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| 10:25 EDT | | | Michigan sentiment surged to a new cycle-high 83.7
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| 10:25 EDT | | | NY Fed outright purchase: the Fed is buying $4.75 B to $5.75 B in notes
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| 10:20 EDT | | | FX Action: The dollar got another boost
FX Action: The dollar got another boost from the much better Michigan sentiment and leading indicators outcomes, taking USD-JPY to new trend highs over 103.10 before retreating. EUR-USD meanwhile, dipped under 1.2800 briefly, before popping back to 1.2820. Cable made session lows under 1.5175, while USD-CAD inched slightly lower on the better U.S. data. Wall Street is on session highs, as yields moved up a touch. |
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