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Stock Market & Financial Investment News

News For NOSYMBOL From The Last 14 Days
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March 3, 2015
12:40 EDTTreasury Option Action: some earlier 5-year positioning
Treasury Option Action: some earlier 5-year positioning included a bearish purchase of 5.5k in April 119/118+ put spreads, along side a smaller bullish purchase of 2.5k in 119/120/121 call butterflies. Compared to 118-30 at the time of these trades, June 5s are 1.2-ticks lower near 118-28 presently.
12:15 EDTU.S. equities have resumed declines
U.S. equities have resumed declines in the wake of the Netanyahu speech asking for the U.S. to scupper the nuclear arms deal with Iran that has been already widening the bi-partisan rift. While complimentary of the Obama Administation support of Israel in his introduction, "Bibi" made a strident case for abandoning a deal that would in his words leave Iran weeks away from nuclear armament capability. NYMEX crude ticked back up over $50.50 bbl, while stocks were already under pressure into the speech, down from record highs on Monday. Risk proxy USD-JPY is consolidating above earlier lows of 119.37, while the T-note yield is near 2.08% vs 2.115% overnight highs. Gold at $1,204 is dead center of the $1,214.60-1,195.70 session range.
11:45 EDTTreasury's bill auctions were well received
Treasury's bill auctions were well received. The $30 B 4-week auction was strong, though helped by the $10 B cut in size from recent auctions. The bill stopped at 0.005%, through the 0.015% at the bid deadline. There were $121.1 B in bids for a 4.05 cover, better than last week's 3.68 and the 3.71 average. Indirect bidders took 27.5% versus 35.2% previously and a 24.2% average. The $25 B 52-week bill stopped at 0.26%, also inside the 0.27% at the bid deadline. Bids totaled $97.6 B for a 3.91 cover, versus 3.81 in February and the best since September. But is is a little shy of the 4.09 average. Indirect bidders were awarded a hefty 48.9%, the highest since April, and versus last month's 39.2% and a 34.3% average.
11:40 EDTTreasury Option Action: a more bullish slant
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11:40 EDTFX Action: USD-JPY remains near session lows
FX Action: USD-JPY remains near session lows, idling near 119.50, after basing at 119.40. Risk-off conditions have been the driver, though heavy selling over 120 from domestic accounts from Monday, prompted some speculative position paring. Technically, the 120.10-20 level has provided a solid resistance level, with support now into 119.10. Significant stops are reported under 119.00.
11:05 EDTFed Chief Yellen will be speaking after the close
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10:50 EDTA Lean U.S. Tax Receipt Path Despite Weak Refunds:
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10:40 EDTU.S. Auto Sales
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10:15 EDTCommodity Action: Copper futures have retreated
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10:15 EDTTreasury Options Action: light bearish positioning
Treasury Options Action: light bearish positioning has been a feature of early trade, though underlying futures have rebounded from lows. This has been mostly in the form of repeat sales of small lot April 128 calls on 10-year futures. June 10s are a tick higher near 127-05, compared to their 127-075 to 126-28 session range. Meanwhile, stocks are rolling over with USD-JPY to session lows, prompting one pundit to call for a system break on Wall Street to arrest the slide.
09:40 EDTReforming the Fed remains a popular pastime in DC
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09:30 EDTSenate Banking, Housing & Urban Affairs Committee to hold a hearing
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09:25 EDTU.S. corporate bond update: issuance remains a focal point
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09:15 EDTEnergy Action: NYMEX crude is trading at $50.05
Energy Action: NYMEX crude is trading at $50.05 early on the N.Y. session, after ranging between $50.59 and $49.69 overnight. Record inventory levels continue to frustrate oil bulls, as the market continues to sell into modest price gains. In new developments, Iran has reportedly rejected the U.S. nuclear proposal, which could provide some support to oil prices. No agreement, no relaxing of sanctions, no new oil supply from Iran. RBOB gasoline futures are up 2 cents/gallon at $1.9365, taking U.S. average retail prices up another 2 cents to $2.44/gallon. Natural gas futures remain heavy, now sitting at $2.68/M BTU, as U.S. temperatures moderate.
09:10 EDTU.S. vehicle sales preview:
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09:00 EDTU.S. corporate debt: the Actavis mega-deal tightened dramatically
U.S. corporate debt: the Actavis mega-deal tightened dramatically as price guidance from the firm narrowed by 10-25 basis points along the spectrum of its maturity range from 18-months to 30-years, a roughly $22 B package expected to price today to help fund its $60 B purchase of Allergan. It also added a new 5-year floating rate note to the package, which was upsized to 10-tranches and has reportedly attracted some $90 B in orders. That is consistent with solid demand for the offering as investors reach for yield at a premium ranging from 90 bp over Libor to +215 bp over the cash bond. Treasuries may remain defensive while the private debt deal casts a shadow over the market and investors make room for the package, though all else equal upon pricing there could be some rate lock unwinding and relaxation once again after the T-note probed 2.11% 1-week highs.
08:55 EDTFX Action: USD-CAD fell to 1.2440
FX Action: USD-CAD fell to 1.2440 from just over 1.2500 following the better than expected Q4 Canadian GDP data. The pairing had been biding its time just over the figure through the overnight session, in anticipation of the data. Ahead of Wednesday's BoC policy meeting however, follow through may be limited. While the odds for another rate cut tomorrow have been diminished following Governor Poloz's comments last week, the market may want to keep some powder dry ahead of the meeting.
08:40 EDTU.S. equities are on the defensive
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08:20 EDTU.S. chain store sales
U.S. chain store sales were unchanged in the week ended February 28, according to the Retail Economist data. Compared to last year sales slowed to a 1.8% y/y pace versus 2.1% y/y previously.
07:55 EDTN.Y. FX Outlook: EUR-USD managed fresh lows of 1.1155
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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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