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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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| June 11, 2013 |
| 13:30 EDT |  | | The U.S. 3-year note auction was weak. The U.S. 3-year note auction was weak. The $32 B sale was awarded at 0.581%, versus 0.574% at the bid deadline and a 0.354% stop in May. There were $94.3 B in bids for a very light 2.95 cover. That compares with 3.38 at May's disappointing auction and a 3.55 average over the past 12 auctions. The the indirect bid rose to 33.1%, versus 30.7% in May and a 26.3% average. Direct bidders were awarded 8.4%, versus 14.6% in May. And primary dealers took 58.4%, versus 54.7% in May. The auction gets the mini-refunding off to a disappointing start, following on from lackluster demand for recent auctions in the face of Fed tapering fears. |
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| 13:15 EDT |  | | Treasury Action: yields backed up on 3-year auction
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| 12:00 EDT |  | | U.S. corporate debt: a few more IG deals U.S. corporate debt: a few more IG deals will hit the street, including Ascension's $430 M 40-year, MidAmerican's 22-year and Rice University's $115 M 50-year. Several high yield issues remain on deck as well, but nothing here to crowd the Treasury's $32 B 3-year offering much. |
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| 11:40 EDT |  | | The U.S. 4-week bill auction was solid
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| 11:25 EDT |  | | The U.S. mini-refunding gets underway today, The U.S. mini-refunding gets underway today, with the jump in yields since Friday's jobs data having suggested traders are nervous about having to take down more paper, especially at the long end, in advance of next week's FOMC announcement. Treasury will sell $32 B in 3-year notes (13 ET), the first leg of this week's $66 B mini-refunding. Recent auctions have met with lackluster demand. Indeed, May's 3-year sale was disappointing, with a 0.354% stop, a below average 3.38 cover (3.55 average) and a 30.7% indirect (26.3% average). The yield on the wi note is trading with a 0.571% bid, having pulled back from a 0.605% session high. |
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| 11:25 EDT |  | | FX Action: USD-CAD is flirting with Asian session lows
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| 11:15 EDT |  | | NY Fed Ops: Fed bought $1.464 B in bonds NY Fed Ops: Fed bought $1.464 B in bonds set to mature from Feb 2036 to Feb 2043, out of $3.51 B submitted by dealers for consideration. This is a drop in the bucket compared to the upcoming $32 B sale of 3-year notes, but marginally positive for Treasuries. |
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| 11:02 EDT |  | | Vanguard REIT ETF volatility increases on sharp sell off Vanguard REIT ETF overall option implied volatility of 17 is above its 26-week average of 13 according to Track Data, suggesting larger price movement. |
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| 11:00 EDT |  | | Treasury Action: yields are drifting down from highs
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| 10:30 EDT |  | | Treasury Option Action: bullish call demand at the long-end
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| 10:30 EDT |  | | The U.S. wholesale trade report The U.S. wholesale trade report revealed a 0.5% April sales rise that defied commodity price declines thanks to strength in durable goods sales, alongside a restrained 0.2% inventory gain that trimmed some of the March divergence between a big 1.4% (was 1.3%) March sales drop but a 0.3% (was 0.4%) inventory rise. The report was good news for the wholesale sector that has been hit in 2013 by global trade weakness and commodity price declines, though the upside sales surprise wasn't large enough to impact the growth outlook overall. Analysts still expect a 0.2% April business inventory rise, given today's 0.2% wholesale gain and already-reported 0.2% factory inventory increase, alongside an assumed 0.2% retail inventory rise. Analysts expect no net Q1 GDP growth revision from 2.4%, though analysts expect a $2 B wholesale and overall Q1 inventory boost that's a tad smaller than the $4 B boost signaled with the annual wholesale trade revisions released on May 31. |
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| 10:15 EDT |  | | Treasury Action: yields remained below highs
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| 10:11 EDT |  | | Market sharply lower in early trading
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| 10:10 EDT |  | | U.S. wholesale trade rose 0.5% U.S. wholesale trade rose 0.5% in April (median unch) following a revised 1.4% decline in March (previously -1.3%). Inventories rose 0.2%, as expected, after growing a revised 0.3% in March (previously +0.4%). And the I/S ratio dipped to 1.21 months from 1.22 in March. |
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| 10:03 EDT |  | | Vanguard Emerging Market ETF volatility elevated on wide price movement Vanguard Emerging Market ETF overall option implied volatility of 20 is above its 26-week average of 17 according to Track Data, suggesting larger price movement. |
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| 09:51 EDT |  | | Government buildings evacuated in Georgia after bomb threats, WSBTV says
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| 09:35 EDT |  | | FX Action: USD-JPY has chopped either side of 97.00
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| 09:31 EDT |  | | CBOE Volatility Index VIX is recently up 1.47 to 16.91
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| 09:28 EDT |  | | SPDR Lehman High Yield Bond volatility flat on wide price movement
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| 09:27 EDT |  | | iShares iBoxx Investment Grade Corp Bond volatility flat on wide price movement
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