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Stock Market & Financial Investment News

News For NOSYMBOL From The Last 14 Days
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July 14, 2015
12:00 EDTTreasury's $45 B 4-week bill was soft
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11:50 EDTNY Fed credit survey showed significant loosening:
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11:45 EDTU.S. corporate bond update: a flood of issuance has filled the calendar
U.S. corporate bond update: a flood of issuance has filled the calendar and the supply dynamics are limiting Treasury gains. There is a total of 13 companies slated so far today, the 3rd largest of the year, according to Bloomberg. EIB priced its $3 B 7-year note. And Export Development Bank of Canada priced a $1 B 5-year. PepsiCo and Kohl's each have benchmark 10- and 30-year deals, as does The Republic of Kazakhstan. JPMorgan is selling 10-year notes. So is Naspers. There is a 5-year offering from CIBC. Korea Gas launched a $500 M 10-year. Santander has a 10-year offering too, as does Nationwide Building Society. SMBC is doing a benchmark 3-year. USAA Capital has a $400 M 5-year.
11:45 EDTEnergy Action: NYMEX crude is on N.Y. session highs
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10:50 EDTTreasury Option Action: premiums have been squeezed
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10:30 EDTThe 0.3% May U.S. business inventory rise matched estimates
The 0.3% May U.S. business inventory rise matched estimates, but it followed a 0.4% April gain that failed to reveal the expected upward revision to leave a slightly disappointing report overall. Inventory restraint signals downside risk for our downwardly-revised 2.5% Q2 GDP estimate. Analysts saw a flat May retail inventory figure alongside a flat factory figure and a big 0.8% rise for wholesalers that both included price-boosts from petroleum. Analysts expect a $35 (was $35) B Q2 inventory subtraction in the Q2 GDP report that more than reverses a $19.5 B Q1 addition to leave a still-elevated $64 B Q2 accumulation rate. Analysts lowered our Q2 GDP estimate to 2.5% from 2.7% this morning in response to the weak June retail sales report. Risk for the 2015 economy can be seen in the lofty inventory-to-sales (I/S) ratio, which sat at 1.36 for a third consecutive month, following the 1.37 expansion-high in February. Despite the three-month downtick, the ratio remains well above the 1.27-1.31 ratios between May of 2012 and October of last year. The I/S ratio is well above the 1.24 floor seen in March of 2011.
10:25 EDTTreasury Action: yields consolidated above lows
Treasury Action: yields consolidated above lows following the next data round on inventories, which didn't rock the boat. The benchmark T-note yield based near 2.39% and inched back up to 2.41% compared to pre-retail 2.45% session highs. Notwithstanding Yellen's upcoming testimony, sources are looking ahead warily to the Greek parliamentary vote late Wednesday, which could cap yields. The 2s-10s spread is near +177 bp and the Bund/T-note spread is holding near -157 bp.
10:10 EDTU.S. business inventories rose 0.3% in May, with sales up 0.4%
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10:01 EDTBusiness Inventories data reported
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09:46 EDTAverages mixed at open, rise in early trade after retail sales miss
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09:45 EDTU.S. Business Inventories Preview
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09:40 EDTCFA Society of San Francisco to hold a luncheon meeting
Luncheon Meeting with Steve deHaan, Managing Diretor at Andersen Tax who holds a speech entitled, "Critical Tax Issues for Early Stage Company Founders and Executives" in San Francisco on July 14 at 2:30 pm.
09:40 EDTThe U.S. trade price report undershot assumptions
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09:25 EDTEuro$ interest rate futures lurched higher
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09:25 EDTWeakness in today's U.S. retail sales report
Weakness in today's U.S. retail sales report has prompted downward revisions in our GDP forecasts for both Q2 and Q3, given a broad-based June sales drop after big downward revisions for April and May. The odd retail sales weakness of the Q4-Q1 period is reappearing after the post-winter bounce, as consumers remain reluctant to spend the savings from cheaper gasoline. Analysts lowered our Q2 GDP growth estimate to 2.5% from 2.7%, with a trimming in our Q2 "real" consumption growth estimate to 2.6% from 2.9%. For Q3, analysts expect 3.4% (was 3.6%) real GDP growth with a 2.2% (was 2.9%) real pace for consumption. Analysts assume a flat June nominal PCE figure with a 0.2% "real" drop and a 0.2% PCE chain price rise that matches our June CPI estimate. The savings rate should rebound to back to the 5.4% two-year peak also seen in February and April from 5.1% in May, as the rate continues to oscillate above the 4.4% recent-trough in November and the 4.1% cycle-low in December of 2013. The business inventory report later this morning will reveal a 0.4% May sales rise after a 0.5% (was 0.6%) April increase.
09:20 EDTFX Action: USD-CAD pulled back
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09:10 EDTU.S. equities remained in the red
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08:56 EDTRedbook Store Sales data reported
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08:45 EDTTreasury Action: yields gapped lower
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08:45 EDTFX Action: The dollar headed briefly lower
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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 | all recent NOSYMBOL news | >>

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