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Stock Market & Financial Investment News

News For NOSYMBOL From The Last 14 Days
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May 26, 2015
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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11:10 EDTTreasury announced a $45 B 4-week bill auction for Wednesday
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11:07 EDT4-Week Bill Announcement Offering Amount data reported
4-Week Bill Announcement Offering Amount at $45.0 B
11:05 EDTU.S. Dallas Fed's manufacturing index worsened to -20.8 in May
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10:40 EDTThe 6.8% U.S. new home sales bounce
The 6.8% U.S. new home sales bounce to a 517k rate reversed the April drop to an upwardly-revised 484k (was 481k) clip, as sales work to retake the weather-defying 538k (was 543k) cycle-high in February. New home sales are gyrating around the moderate growth trend evident for all of the major housing market indicators, though analysts saw little in the way of identifiable weather distortions for this gauge, alongside a somewhat larger seasonal gyration for existing home sales and a much larger weather-hit for housing starts and permits. Sales seem on track for moderate growth during the important spring season, following a last year's disappointing spring performance. New home sales have risen 91% from the 273k record-low in February of 2011, while pending home sales have risen 42% from a low in June of 2010, and existing home sales have risen 46% from a low in July of 2010. Analysts have larger cyclical climbs of 137% for housing starts, 123% for permits, and 109% for new home construction.
10:35 EDTTreasury Option Action: some bullish positioning
Treasury Option Action: some bullish positioning has crept into the mix as stocks have slipped on the Greek banana skin once again and underlying rate futures jump. Sources reported a purchase of 7.9k in September 130 calls on 10-year futures, which are trading some 6-ticks higher near 127-15 compared to their 127-23 to 127-105 range on Globex.
10:25 EDTU.S. Richmond Fed manufacturing index rebounded to 1 in May
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10:25 EDTThe U.S. consumer confidence May rise to 95.4
The U.S. consumer confidence May rise to 95.4 from a downwardly-revised 94.3 (was 95.2) defied May drops in other confidence surveys, as the index fluctuates below the 103.8 cycle-high in January but above the 93.1 December level. The up-trend into early-2015 closed the gap to the growth paths for consumption and payrolls. Consumer confidence is benefiting from rising home and equity prices and the abatement of harsh weather, though it continues to face headwinds from the petro-sector recession and a bounce in gasoline prices after a steep winter drop, alongside ongoing concerns about limited credit availability and an ugly geopolitical backdrop. For other surveys, the Michigan sentiment fell to 88.6 in May from 95.9 in April, versus a 98.1 cycle-high in January. The IBD/TIPP index fell to 49.7 from 51.3 in April, versus an earlier 54.0 cycle-high in October of 2012. The weekly Bloomberg Consumer Comfort index has slipped to a 43.2 average in the first three weeks of May from a cycle-high 45.7 average in April, versus a 45.5 prior cycle-high average in January.
10:20 EDTFX Action:
FX Action: The dollar was net higher after the mix of data, where new home sales and consumer confidence both beat expectations, as the Richmond Fed index moved higher. EUR-USD touched 1.0899, though continues to find buyers under the figure, as USD-JPY posted new multi-year highs of 123.30. Wall Street continues to slide however, following Europe's lead, as Greek issues remain a major drag. Yields are little changed, however.
10:15 EDTU.S. consumer confidence improved to 95.4 in May
U.S. consumer confidence improved to 95.4 in May from 94.3 in April (revised from 95.2). The strength was in the present situation component which climbed to 108.1 from 105.1 (revised from 106.8). The expectations index slipped to 86.9 from 87.1 (revised from 87.5). The labor market differential rose to -6.6 from -6.9 (revised from -7.3). The 12-month inflation index accelerated to 5.1 from 4.9% (revised from 4.8%). But it was 5.6% a year ago.
10:15 EDTTreasury Action: yields eased slightly
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10:10 EDTU.S. new home sales rebounded 6.8% to a 517k pace in April
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10:00 EDTU.S. New Home Sales Preview
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10:00 EDTU.S. Consumer Confidence Preview
U.S. Consumer Confidence Preview: Confidence data for May is expected to fall to 93.0 (median 94.5) from 95.2 in April. Other confidence indicators have declined in May as well with Michigan Sentiment dropping to 88.6 from 95.9 and the IBD/TIPP poll easing to 49.7 from 51.3.
09:35 EDTDeutsche Bank economists hold an analyst/industry conference call
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09:35 EDTMarket opens lower as investors return from holiday
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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 | all recent NOSYMBOL news | >>

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