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Stock Market & Financial Investment News

News For NOSYMBOL From The Last 14 Days
Check below for free stories on NOSYMBOL the last two weeks.
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August 18, 2014
12:50 EDTTreasury Option Action: mostly bearish positioning
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12:25 EDTU.S. corporate bond update: summer doldrums are taking their toll
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12:00 EDTJackson Hole was bullish for stocks 7 out of last 7 times
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11:45 EDTTreasury's $54 B 3- and 6-month bill sale was solid
Treasury's $54 B 3- and 6-month bill sale was solid, even as the coupons are in retreat following last week's gains. The $29 3-month bill was awarded at 0.030%, a tad richer than 0.035% at the bid deadline, but right on last week's 0.03% stop. There were $135.7 B in bids for a 4.70 cover, better than the prior 4.47 and the 4.62 average. Indirect bidders took 44.9% versus 30.3% previously, and almost twice the 24.0% average. The $25 B 6-month bill stopped at 0.050%, also just through the 0.055% at the bid deadline but on par with last week's 0.050%. There were $120.0 B in bids for a 4.83 cover, compared to 4.72 previously, though in lie with the 4.82 average. Indirect bidders took 48.0% versus 32.0% previously and the 36.0% average.
11:10 EDTNY Fed bought $1.094 B in bonds
NY Fed bought $1.094 B in bonds dated from February 15, 2036 through August 15, 2044. The Street offered $3.225 B. Treasuries yields remain higher with little impact from the buyback as the market unwinds some of last week's rally. The 30-year yield is up over 4 basis points to 3.17% after closing at 3.13% on Friday, the lowest since May 2013.
11:10 EDTTreasury announced a $50 B 4-week bill auction for Tuesday
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11:05 EDTFX Action: USD-JPY has been supported
FX Action: USD-JPY has been supported by the better risk backdrop and equity market rally, though continues to struggle over 102.55-60. Pent up Japanese exporter offers remain in place, reportedly from 102.70 to 103.00. Barring fresh geopolitical shocks, USD-JPY remains on a broadly bullish path. Bloomberg reported last week that BoJ officials are considering cutting growth forecast for FY 2014, "according to people familiar with the central bank's discussions," and the JGB 10-year benchmark yield has dipped below 0.50% for the first time in 16 months, both supportive of the dollar.
10:25 EDTNY Fed outright purchase: the Fed is buying $0.95 B to $1.15 B in bonds
NY Fed outright purchase: the Fed is buying $0.95 B to $1.15 B in bonds today, dated from February 15, 2036 through August 15, 2044. Treasuries remain lower, giving back some of last week's gains, and this purchase isn't likely to offset the selling pressure much. The 30-year yield is up nearly 4 basis points to 3.169% after closing at 3.13% on Friday, the lowest since May 2013.
10:20 EDTSharp gains in the NAHB were focused in the Midwest
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10:10 EDTTreasury Action: Treasuries leaked lower
Treasury Action: Treasuries leaked lower after the pre-release of the better than expected gain in NAHB, though with stocks already on the warpath higher, the data had only marginal impact. The T-note yield nosed over 2.37% to session highs of a tight range, though well above 14-month lows of 2.30% set Friday before peace allegedly broke out during truce talks on the Ukraine. Next upside targets are 2.40-2.44%. The 2s-10s spread is holding near +196 bp.
10:05 EDTU.S. NAHB homebuilder sentiment index rose 2 points to 55 in August
U.S. NAHB homebuilder sentiment index rose 2 points to 55 in August. The index had climbed 4 points to 53 in July. This is the highest level since January's 56. The single family sales index edged up to 58 from 56 (revised from 57). The future index was 65 from 63 (revised from 64). The index of prospective buyer traffic improved to 42 from 39 (revised from 39). Data are better than expected.
09:45 EDTU.S. NAHB housing market index preview:
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09:39 EDTMarket gaps higher at open
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09:30 EDTFX Action: USD-CAD is steady
FX Action: USD-CAD is steady, holding over 1.0975, while running into sellers over 1.0890. Standing bids are seen from 1.0875 down to Friday's 1.0860 lows, though sell stops are rumored below the level. To the upside, option backed sellers are reported at 1.0900, with buy-stops at 1.0930, just over Friday's peak. Oil prices are lower again, perhaps weighing some on the CAD, though a strong Wall Street open may offset to a degree.
09:25 EDTEuro$ interest rate options: a large block trade
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09:15 EDTTreasury Action: curve flatteners should be back on the ticket
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08:54 EDTBofA/Merrill economist & strategist hold an analyst/industry conference call
Chief U.S. Economist Harris and Chief U.S. Equity Strategist Bianco provide a weekly equity strategy outlook on an Analyst/Industry conference call to be held on August 18 at 11 am.
08:52 EDTCitigroup securitized products analysts hold analyst/industry conference call
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08:50 EDTU.S. equities are higher with Europe
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08:49 EDTCitigroup healthcare services and managed care analysts hold a conference call
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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 | all recent NOSYMBOL news | >>

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