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Stock Market & Financial Investment News

News For NOSYMBOL From The Last 14 Days
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July 16, 2015
14:05 EDTTreasury Action: curve flattening remains the theme
Treasury Action: curve flattening remains the theme ahead of Yellen's Senate testimony with the front end underperforming. The 2-year yield is up over 3 bps to 0.657%, while the 10-year rate is flat at 2.35% after recovering from early losses. That's narrowed the 2s-10s spread to 169 bps today from 172 bps yesterday and 177 bps on Monday. The September 16, 17 FOMC is still seen as a likely date for rate liftoff (or December 15, 16) after the Fed Chair didn't really offer much opposition to that time frame in recent comments. And while recent data have been mixed, the weaker numbers have merely supported forecasts for a gradual tightening path once normalization gets underway, rather than negate expectations for a 2015 hike. Analysts suspect the curve can revisit the recent narrows of 150 bps from late May.
14:05 EDTU.S. Housing Starts Preview
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14:00 EDTU.S. CPI Preview
U.S. CPI Preview: June CPI is out Friday and should reveal a 0.2% (median 0.3%) increase for the headline with a matching 0.2% (median 0.2%) increase for the core. The already released PPI data revealed a headline increase of 0.4% with the core up 0.3%. Plunging oil prices over the winter and spring worked to depress inflation measures but analysts have begun to see some rebound as this effect dissipates.
13:35 EDTTreasury Option Action: more mixed trade
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12:55 EDTFX Action: USD-JPY continues to hold
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12:35 EDTToday's U.S. reports
Today's U.S. reports revealed disappointing July Philly Fed data, though initial claims fell 15k to reverse last week's pop, and the NAHB firmed to 60 in both June (was 59) and July. For Philly Fed, analysts saw a 6.5-point headline drop to 5.7 with broad-based component weakness that left the ISM-adjusted index falling to 50.3. The July readings sit close to the 5.0 March one-year low for the headline and 47.6 March two-year low for the ISM-adjusted measure, as the upturn in producer sentiment is proving anemic at best as analysts enter Q3. For claims, the 281k weekly reading translates to a 286k average thus far in July versus lower recent averages of 277k in June, 274k in May, and 281k in April, though analysts attribute the early July gyrations entirely to a holiday distortion and the impact of auto retooling.
11:55 EDTTreasury Option Action: little Yellen premium
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11:30 EDTYellen Part II - Don't Tread on the Fed:
Yellen Part II - Don't Tread on the Fed: the Fed chief will resume testimony before the Senate Banking Committee from 14:30 ET, which will hopefully focus more on policy dynamics than politicization. Yesterday Fed Chair Yellen largely mirrored the recent FOMC statement and her own speech last week expressing cautious optimism about the expected rebound in U.S. growth, amid frustration about the continued low level of inflation. She cited global risks to this mostly healthy appraisal, and reiterated that it is not the lift-off but the policy path and pace of tightening that really matters. She expects a gradual tightening pace that still keeps policy accommodative, and she had a dig at any Congressional meddling with Fed independence.
11:25 EDTFX Action: USD-CAD has reacted
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11:15 EDTTreasury announced a $15 B 10-year TIPS offering for next Thursday
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11:05 EDTEnergy Action: NYMEX crude touched $50.99
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10:30 EDTEIA natural gas storage change for week ending July 10
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10:30 EDTThe Philly Fed July drop to 5.7
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10:15 EDTU.S. Philly Fed index dropped 9.5 points to 5.7 in July
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10:15 EDTU.S. NAHB homebuilder sentiment index was steady at 60 in July
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10:15 EDTTreasury Action: yields dipped on the Philly Fed miss
Treasury Action: yields dipped on the Philly Fed miss in July, which corrected the outsized June gain, while shrugging off the elevated NAHB housing market index, which sustained the highest level since November 2005. The T-note yield touched NY session lows near 2.37% having pulled back from an early test of the 2.40% pivot following the uptick in claims, ECBspeak and gains in stocks. The 2s-10s spread has narrowed another 2 basis points to +170 bp.
10:15 EDTFX Action: The dollar pulled back
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09:59 EDTGreek austerity passage lifts market
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09:50 EDTNAHB housing market index preview:
NAHB housing market index preview: the NAHB HMI is forecast to hold steady at 59 in July after jumping 4-points from 55 in May. For more detail, see the NAHB website.
09:40 EDTU.S. Philadelphia Fed Index Preview
U.S. Philadelphia Fed Index Preview: The July Philly Fed is expected to decline to 11.0 (median 12.0) after last month's surge to 15.2 from 6.7. The already released Empire State index rose to 3.9 in July from -2.0 last month. Overall, producer sentiment looks poised to ease slightly in July with the ISM-adjusted average for the month falling to 52 from 53 in June and 51 in the two months prior.
<< 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 | >>

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