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News For NOSYMBOL From The Last 14 Days
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October 7, 2014
17:10 EDT 4-Week Bill Auction to be released at 11:30
15:30 EDTTreasury Closing Summary:
Treasury Closing Summary: A stampede of bulls back into the bond market resumed in earnest on Tuesday, following a series of unfortunate missteps in Europe that sent stocks there 1.8-2.0% lower. An Ebola outbreak in Spain featured, along with a 4.0% drop in German industrial production that sparked talk of a "triple-dip" recession in Europe as even the core slides back. The IMF slashed its global growth outlook for 2014-15 as well, though U.S. JOLTS data was reasonably firm. Fed dove Kocherlakota reaffirmed his belief that rates shouldn't rise in 2015, though Dudley thought they might. Consumer credit rose $13.5 B late in the session. The 3-year note auction attracted firm demand under the circumstances, despite its richness ahead of the sale.
15:15 EDTNY Fed dove Dudley sees a mid-2015 rate hike
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15:10 EDTU.S. consumer credit rose only $13.5 B in August
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14:50 EDTU.S. consumer credit preview:
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14:30 EDTTreasury Action: chipping away at fresh lows,
Treasury Action: chipping away at fresh lows, yields continued to slide following the solid 3-year auction results and a resumption of losses on Wall Street (-0.7% on NASDAQ and -1.8% on Euro Stoxx 50). A cocktail of Ebola in Spain (IBEX -2.02%), fading global growth hopes and triple-dips has set the tone and the T-note yield has hit a low of 2.35% from 2.43% highs in Asia. That still puts the onus on a retracement back down to late August lows of 2.32% or deeper to 2.30% set at the height of Ukraine war fears. Below there puts a full retracement of the "taper tantrum" gap lows of 2.11% from 21-June-2013 back in sight, which has somewhat of an circular esthetic appeal with the end of QE approaching at the end of the month. Below 2.11% lies 1.99%, while 2.40-2.44% reverts to yield resistence. Earlier reports of some selling interest at 3.10% on the cash bond proved fleeting, with the bond yield now down at 3.07%. The 2s-10s spread narrowed further to +185 bp, while 5s-30s hit +143 bp.
13:35 EDTTreasury Action: the short-end caught a fresh updraft
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13:18 EDTWeek of 10/18 Redbook to be released at 08:55
13:18 EDTWeek of 10/18 ICSC-Goldman Store Sales to be released at 07:45
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13:15 EDTTreasury's 3-year sale was very well sponsored
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13:15 EDTOil Action: NYMEX crude is down 76 cents
Oil Action: NYMEX crude is down 76 cents at $89.58, after touching session lows of $89.21 earlier. Weak German production data, and the IMF's downgrading of the EU's growth outlook have been the main drivers. A broad $88-$92 trading range is expected to hold for the time being, though further shocks to the demand picture could see that broken in the not too distant future.
12:50 EDTU.S. equities have bounced back from lows
U.S. equities have bounced back from lows after being sucked into the European selling vortex into their close, as the spontaneous Ebola outbreak in Spain knocked the IBEX 35 over 2% lower and dragged down the Euro Stoxx 50 1.8% following the German IP drop. IMF growth downgrades also impacted, though that's kind of like the warning "objects in the rear view mirror may be closer than they appear." Likewise, USD-JPY has been basing somewhat over 108.09 lows, though Treasury yields remain non-believers in the shallow technical rebound and continue to mark lows. The major U.S. indices pared losses to the -0.5% area and the VIX equity volatility index is still up 4.5% near 16.15, but down from highs of 16.78.
12:35 EDTTreasury 3-year auction preview:
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12:10 EDTU.S. corporate bond update: there are a few deals on the calendar
U.S. corporate bond update: there are a few deals on the calendar to compete with the Treasury's $27 B 3-year offering. Leading the list is sa $1.5 B 5-year deal from KFW, just boosted from $1 B previously. And, HCA Holdings has a $1.5 B 2-part senior note deal including 5s and 10s. EIB is selling $1 B in global bonds. Quebec announced it will sell at least $1 B in 10-year notes. Wal-Mart has a $500 M in a 10-year TAP. American Honda Finance has a benchmark 1-year deal in the works. The bearish impact of supply is being overwhelmed by growth and inflation fears, which should help underpin today's auctions.
11:55 EDTEuro$ interest rate options: a ratio iron fly
Euro$ interest rate options: a ratio iron fly was reported with a sale of 10k in Blue March 72 straddles against a purchase of 14k in Blue March 67/77 strangles. Deferreds have still held their opening gains as stock roll over, some 1-7 ticks higher.
11:45 EDTTreasury's $32 B 4-week bill sale was strong
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11:35 EDTFX Action: USD-CAD stopped short of the 1.1200
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11:30 EDTTreasury 3-year auction outlook:
Treasury 3-year auction outlook: today's $27 B 3-year auction kicks off $61 B in coupon sales. Today's offering is likely to see rather lukewarm results overall, akin to the prior two auctions. The wi has continued to richen slightly, and the lack of concession could be detrimental at the margin today. The yield has fallen to 1.010%, and is down from 1.095% following Friday's jobs report. However, assuming the note prices here, this would only be the second 1% coupon in over 3 years, and that may be somewhat positive. Some profit taking on the flat 3s-10s spread may help underpin. It's trading at 141 bps versus 150 bps a couple of weeks ago. Meanwhile, worries over Fed rate hikes could leave some potential buyers sidelined. However, renewed beliefs the FOMC will be patient due to growth concerns may offset. Also, negative short-term rates in Europe and Japan could attract some demand. The September offering was awarded at 1.066% and garnered a 3.13 cover (3.31 average) and a 33.1% indirect bid (33.0% average). Direct bidders took 20.3% while primary dealers took 46.6%.
11:10 EDTNY Fed bought $0.281 B in TIPS
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10:57 EDTBarclays financial services analysts hold an analyst/industry conference call
Analysts discuss the 3Q14 outlook for eBrokers and Exchanges on an earnings preview Analyst/Industry conference call to be held on October 8 at 10 am.
<< 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 | all recent NOSYMBOL news | >>

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