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Stock Market & Financial Investment News

News For NOSYMBOL From The Last 14 Days
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December 9, 2014
12:45 EDTTreasury 3-year auction preview:
Treasury 3-year auction preview: pros and cons are relatively balanced suggesting the auction should go ok, but results are not likely to be above average. The pricing could be sloppy. The wi trades at 1.070%, some 3 bps richer on the day, but it's considerably cheaper than the 0.97% on Friday. In fact a stop here would be the cheapest in over 3 years. However that may not be sufficient to offset Fed fears as the note is expected to generally underperform if the FOMC goes ahead with its rate normalization next year. The advent of the FOMC meeting next week with a potential shift if forward guidance language may leave prospective buyers sidelined. On the other hand, shorts may use the auction to cover. The JPM Treasury client survey showed a big rise in short positions. There could be some profit taking on curve flattening trades as well, and some buying ahead of year-end too. And on a relative basis, the notes look very attractive to overseas investors, especially where German and Japanese note yields are negative. November auction results were lackluster with a 0.998% award rate and a below average 3.18 cover, but an ok 37.8% indirect bid.
12:40 EDTOil Action: NYMEX crude has pulled back from the $64 region
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11:45 EDTTreasury's bill auctions were ok
Treasury's bill auctions were ok, though demand wasn't as strong as one might have assumed given the risk aversion trade today. The $50 B 4-week bill sold at 0.04%, just through the 0.035% at the bid deadline. There were nearly $175.9 B in bids for a 3.52 cover, down from last week's 3.75%. Indirect bidders took 22.1%, less than the prior 31.0% but in line with the 21.4% average. The $25 B 52-week bill stopped at 0.21%, also through the 0.205% at the deadline. Bids totaled $82.8 B for a 3.44 cover, also less than last month's 3.59 and the 4.28 average. Indirect bidders accepted 14.8%, about half of November's 28.6% and well off the 33.2% average.
11:35 EDTTreasury Option Action: heavier put selling
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11:10 EDTFX Action: USD-JPY has shot back over 118.80
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10:35 EDTU.S. corporate bond update: the calendar is thinning fast
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10:35 EDTThe U.S. wholesale trade report beat estimates
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10:25 EDTThe dollar
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10:20 EDTTreasury Action: risk aversion trumped wholesale trade data
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10:20 EDTU.S. JOLTS: job openings increased 149k to 4,834k in October
U.S. JOLTS: job openings increased 149k to 4,834k in October, rebounding from the 168k drop in September to a 4,685k level (revised from 4,735k). The rate edged up to 3.3% from 3.2. Hirings slipped 20k to 5,055k following September's 333k surge to 5,075k (revised from 5,026k), with the rate holding at 3.6%. Quitters fell 15k to 2,720k after jumping 225k in Septmber to 2,753k. The rate dipped to 1.9% from 2.0%. It was at 1.8% a year ago. The small decline in the quit rate will be taken with a grain of salt considering the September increase and given the strength seen in the November nonfarm payroll report.
10:10 EDTU.S. wholesale sales increased 0.2% in October with inventories up 0.4%
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10:05 EDTEuro$ interest rate futures: a "massive" trade
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09:56 EDTBarclays industrials analysts hold an analyst/industry conference call
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09:50 EDTU.S. wholesale sales preview:
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09:45 EDTFX Action: USD-CAD posted new five-year highs
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09:35 EDTMarket follows China lower, tumbles at open
Stock futures continued to tumble during the pre-market trading session, leading to a lower open for the broader market. The early weakness is being attributed to the downward pressure in crude oil prices and the sell-off in China after its central bank tightened lending standards. The Nasdaq is the early laggard, falling more than 1%, but the Dow and S&P are also down by nearly 1% in the early going. The Dow is down 156 points, the Nasdaq is down 53 points and the S&P is down 21 points.
09:35 EDTEuro$ interest rate options: some bearish positioning
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09:35 EDTOil Action: NYMEX crude traded up to $64.06 highs,
Oil Action: NYMEX crude traded up to $64.06 highs, after posting trend lows of $62.23 overnight. The contract is back under $63.00 in early N.Y. trade however, as China growth concerns weigh on commodity and equity prices. The head of Kuwait's national oil company said Monday it will be markets, not OPEC that determines oil's price, helped the steep sell-off seen yesterday. Sources however, say the market has not reached its capitulation point yet, and look for a move under $60/bbl in the near term before prices stabilize.
08:50 EDTU.S. equities are on the defensive again
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08:20 EDTN.Y. FX Outlook: The dollar eased further overnight
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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 | 27 | 28 | 29 | 30 | 31 | 32 | all recent NOSYMBOL news | >>

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