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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 9, 2013 |
| 10:15 EDT |  | | Treasury Action: yields held steady near highs
Treasury Action: yields held steady near highs despite the weak wholesale sales data, with stocks still in shallow negative territory and the dollar on the warpath. The 10-year yield is testing overnight highs in the 1.80/1.81% area, having bounced from 1.78% after the claims drop. The curve remains steep heading into the 30-year bond auction later and a small TIPS purchase by the NY Fed not really material. The 2s-30s spread is wide of +276 bp. |
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| 10:01 EDT | | | Wholesale Trade Inventories data reported
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| 10:00 EDT | | | FX Action: The dollar was buoyed by a real money order
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| 10:00 EDT | | | Treasury Option Action: bullish positioning
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| 09:45 EDT | | | U.S. Wholesale Trade Preview
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| 09:33 EDT |  | | CBOE Volatility Index VIX is recently up 22c to 12.88
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| 09:20 EDT | | | Treasury Option Action: demand for "cheap calls"
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| 09:05 EDT | | | U.S. equities are still mildly lower
U.S. equities are still mildly lower to start the session, despite another drop in jobless claims, even with the lack of caveats to the ongoing downtrend, with some fatigue setting in after recent highs. Changes in global shares were mostly to the downside, as the N-225 in Japan sank 0.66% and the Shanghai Comp fell 0.59%, though the Kospi rose 1.2% after BoK cut. In Europe the Euro Stoxx 50 is off 0.6% even as many bourses on the Continent are closed for Ascension Day, while the UK FTSE was fractionally lower after the BoE held pat. The Dow is off 14-points, S&P is 2-points lower and NASDAQ traded 7-points lower prior to the opening bell, above earlier lows. In corporate news, Groupon surged over 12% after posting revenue growth of 7.5%, while News Corp saw revenues surge 14% and its shares rallied. Fannie Mae reported plans to refund the Treasury $59.4 B after a tax-related windfall, though its CEO warned that this was not a sign that reforms of the GSEs should be slowed. Up next are wholesale trade figures, 30-year auction and more Fedspeak. |
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| 08:50 EDT | | | The 4k U.S. initial claims drop to a five-year low 323k
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| 08:45 EDT | | | Treasury Action: yields ticked up as claims fell again
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| 08:40 EDT | | | U.S. jobless claims declined 4k to 323k in the week ended May 4
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| 08:35 EDT | | | Richmond Fed hawk Lacker favors increasing capital
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| 08:32 EDT | | | Futures continue to trade quietly ahead of market open
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| 08:31 EDT | | | Jobless Claims data reported
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| 08:31 EDT | | | Jobless Claims 4-week Moving Average data reported
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| 08:31 EDT | | | Jobless Claims data reported
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| 08:20 EDT | | | U.S. weekly jobless claims preview:
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| 08:00 EDT | | | Fed funds opened at 0.13%
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| 07:55 EDT | | | Treasury Market Outlook: Treasuries are higher
Treasury Market Outlook: Treasuries are higher, along with Bunds and Gilts, while equities are lower, as risk-off trades dominated overnight. Peripheral spreads are wider. The 10-year Treasury yield is 3 bps lower at 1.78%. Profit taking after another record gain is weighing on U.S. equity futures. Trading volume in bonds was good but some regions in Europe were closed for Ascension Day. The Bank of Korea surprised with a 25 bp rate cut to 2.50%. On the other hand, the BoE left rates unchanged, as expected. U.K. manufacturing data beat expectations. Spain successfully sold bonds. The U.S. calendar remains thin with just initial claims, wholesale trade, and a 30-year bond offering. The Treasury will try again today with $16 B 30-year sale. The wi trades at 3.0%. The NY Fed will buy $1 B to $1.5 B in TIPS. There's Fedspeak today from Plosser, Lacker and Evans. |
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| 07:36 EDT |  | | British PM Cameron says Britain must stay in European Union, Reuters reports
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