New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News For NOSYMBOL From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
<< 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 | >>
September 26, 2014
13:20 EDTTreasury Option Action: heavy put buying
Treasury Option Action: heavy put buying featured as part of the sum total of options activity today, in addition to earlier reported rumors of position unwinds relating to a management shift at a large bond fund. Sources confirmed the large "8x1 ratio put spread" executed in pit trade was a net vol purchase involving a 40k purchase of November 122.5 puts vs a sale of 5k in November 123 puts. In addition to that sizeable trade there were about 25k in purchases of various put strikes, combos and trades ranging from 119.5 to 124-00 puts. Underlying December 10-year futures are 10-ticks lower at 124-14, compared to a 124-295 to 124-115 session range - in line with the panicky sell-off.
13:20 EDTAction Economics Survey results:
Subscribe for More Information
12:25 EDTGross had been levering up PIMCO's bond portfolio
Subscribe for More Information
10:35 EDTTreasury Option Action: more large unwind rumors
Treasury Option Action: more large unwind rumors continue to swirl after "you know who left you know where in a huff." This included a large "8x1 ratio put spread" executed in pit trade; a 40k purchase of November 122.5 puts vs a sale of 5k in November 123 puts. Underlying December 10-year futures are 8.5-ticks lower at 124-155, compared to a 124-295 to 124-135 session range.
10:30 EDTToday's U.S. reports
Subscribe for More Information
10:22 EDTAverages rebound after Nike report, upward revision to Q2 GDP
Subscribe for More Information
10:15 EDTThe September Michigan sentiment rise
The September Michigan sentiment rise to an unrevised 84.6 extended the 0.7 August rise to 82.5, as Michigan sentiment climbed above the narrow 81.8-82.5 range of the prior four months, but remained below the 85.1 cycle-high from July of 2013. Today's lack of an upward headline revision breaks the pattern of consistent boosts in every prior month of 2014, though the average size of the monthly boost has fallen in half to 0.9 this year from a larger 1.8 average in 2013. For other surveys, the RBC-IPSOS index rose to a 52.4 cycle-high from 51.5, versus a 51.8 prior cycle-high in March that was also seen last June. The IBD/TIPP index rose to 45.2 from 44.5, versus a 54.0 cycle-high in October of 2012. The weekly Bloomberg Consumer Comfort index has slipped through the first three weeks of September to a most recent 35.5 from averages of 37.0 in August and a cycle-high 37.1 in July, versus a 36.4 temporary high in July of 2013. Analysts expect a September consumer confidence drop to 91.0 from a cycle-high 92.4 in August, versus last year's temporary June peak of 82.1.
10:10 EDTFX Action: The dollar edged higher after the Michigan sentiment
Subscribe for More Information
10:10 EDTTreasury Action: yields have simmered down
Treasury Action: yields have simmered down after the knee-jerk reaction to Gross's departure from PIMCO, which spread to high yield and peripheral bonds too. The as expected unrevised U. Michigan release left no discernable mark, though the T-note yield pulled back from 2.55% session highs to the 2.52% area after vaulting from 2.50% earlier. Stocks remain jittery too after yesterday's fund portfolio liquidation, which was confirmed today as BlueCrest.
10:05 EDTU.S. consumer sentiment rose to 84.6 in the final September reading
Subscribe for More Information
09:40 EDTTreasury Option Action: demand for volatility
Treasury Option Action: demand for volatility has been cited with good buying on 2.5k December 138 bond straddles, rumored to be a West Coast fund in the midst of a management reshuffle. Dec bonds are 7-ticks lower now near 137-19.
09:30 EDTPIMCO's Gross: decided to join Janus Capital Group
Subscribe for More Information
09:25 EDTFX Action: USD-CAD made new trend highs
FX Action: USD-CAD made new trend highs of 1.1137, after finding support just under 1.11 into the North America open. Fresh bidding interest is now reported coming in at 1.1100, with intra day stops noted at 1.1090. To the upside, the March 26 high of 1.1170 should provide good interim resistance.
09:22 EDTSPDR Lehman High Yield Bond volatility low as yield trends higher
SPDR Lehman High Yield Bond overall option implied volatility of 7 is below its 26-week average of 8 according to Track Data, suggesting decreasing price movement.
09:15 EDTU.S. equities shed gains
U.S. equities shed gains even after European bourses turned the corner slightly on yesterday's steep losses even as Asia caught up on the downside overnight. Q2 GDP was revised up to 4.6% as expected, though the markets are still focused on downside risks as the Fed seeks a graceful exit from QE. News of Bill Gross's departure from PIMCO for Janus appeared to attract more interest, however, as parent Allianz sinks 3% and Janus surges 20%. There was also a WSJ report that BlueCrest sacked equity fund managers yesterday and some of its stock portfolio, contributing to the sell-off then. In Asia, Japan's N-225 sank 0.88%, while the Japan Topix of financial shares tumbled 1.08% and the Shanghai Comp rose 0.11%. Europe's Euro Stoxx 50 is up 0.4%, while the German DAX is in shallow negative territory. The Dow is 2-points lower, S&P sank 5-points and NASDAQ is off 2-points ahead of the opening bell, below earlier highs. In corporate action, NIKE surged over 7% in pre-market action after a solid earnings report, as did Micron Technology which rallied over 6%. U.S. shares of Canada's Blackberry also rallied 4% after cutting its losses. Final U. Michigan sentiment is due next.
09:00 EDTBlueCrest Capital Management LLP was cited by the WSJ
Subscribe for More Information
09:00 EDTThe Q2 GDP growth boost to 4.6%
Subscribe for More Information
08:55 EDTFX Action: The dollar edged up
Subscribe for More Information
08:45 EDTTreasury Action: yields remained subdued
Subscribe for More Information
08:45 EDTU.S. GDP grew at a 4.6% rate in Q2
U.S. GDP grew at a 4.6% rate in Q2, revised up from 4.2% previously and 4.0% in the Advance report. Personal consumption expenditure growth held at 2.5%, where it's been since the first report. Fixed investment came in at a 9.5% rate, boosted from 8.1% in the second report (and from 5.9% originally), with nonresidential spending revised up to 9.7% versus the prior 8.4%, and residential spending up 8.8% compared to 7.2%. Inventories added $49.6 B compared to $48.7 B previously. Net imports subtracted $13.2 B after adding $6.8 B previously. Government spending climbed 1.7% in the final Q2 reading versus 1.4% previously. The GDP price chain price index was steady at a 2.1% pace, with the core rate holding at 2.0% compared to the prior report, and versus respective rates of 2.0% and 1.5% in the Advance report.
<< 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 | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use