On The Fly: Morning Wrap-Up for May 15 Globex S&P futures are recently up 4.25 from previous day’s SPX cash close. Nikkei 225 up 0.83%, DAX up 0.45%. WTI Crude oil is recently at $59.54, natural gas down 0.13%, gold at $1216 an ounce, copper down 0.74%.
May front month equity options last day to trade is May 15, 2015
U.S. NY Fed "Empire State" Index Preview U.S. NY Fed "Empire State" Index Preview: The May Empire State Index will be released Friday to kick off the month's sentiment data and the headline should climb to 4.0 (median 4.0) after dropping to -1.2 in April. The April release included a decline in the forward looking new orders component to -6.0 from -2.4 which could pose downside risk to the release.
Treasury Action: bond yields bounced Treasury Action: bond yields bounced following the 30-year auction that came in shy of expectations after tailing out and a subpar cover. The current bond yield backed up over 2.06% briefly vs the 3.04% area ahead of the sale and compared to the 3.044% award rate on the new paper. That leaves the 3.10-3.12% area as the next target on the upside ahead of the 3.25% psych area, while the 3.00-2.95% zone reverts to yield support.