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Stock Market & Financial Investment News

News For NOSYMBOL From The Last 14 Days
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October 7, 2014
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.
10:55 EDTU.S. JOLTS report showed job openings surged 230k to 4,835k in August
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10:55 EDTTreasury Action: some "end users" reported to be selling into 3.10%
Treasury Action: some "end users" reported to be selling into 3.10% on the cash bond, according to sources, while a mix of others have shown interest in 5s and 10s in contrast. The cash bond yield nosed as low as 3.09% before backing up over 3.10% again, having fallen from session highs of 3.135%. The 3-year note auction later could keep the short-end defensive for now and curve flattening intact, as the 2s-10s probes +187 bp and the 5s-30s +143 bp.
10:25 EDTNY Fed outright purchase: the Fed is buying $0.25 B to $0.35 B in TIPS
NY Fed outright purchase: the Fed is buying $0.25 B to $0.35 B in TIPS. The small buyback won't have much of an impact, and isn't likely to provide much support to the beleaguered TIPS market, which has been hammered lower by softening economic growth and declining commodity prices.
10:20 EDTU.S. JOLTS report showed job openings surged 230k to 4,835k in August
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10:20 EDTTreasury Action: yields paused at lows
Treasury Action: yields paused at lows following the solid JOLTS reading, which Janet favors, after declining with Bunds to lows of 2.38% on the T-note that essentially matched October lows. Barring a bounce back into the 2.44-2.47% range, that puts the onus on a retracement to late August lows of 2.32% or deeper to 2.3030% set at the height of Ukraine war fears.
10:10 EDTMore euro$ interest rate options: heavy block trade
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10:00 EDTFX Action: The dollar remains under broad pressure
FX Action: The dollar remains under broad pressure, as Wall Street goes into the tank, and Treasury yields soften. EUR-USD has pulled up to 1.2655, from 1.2585 lows into the N.Y. open, with resistance at 1.2675, which represents the high for Monday and last Friday. USD-JPY posted a three-day low of 108.11. A test of last Thursday's 108.01 low could be in the cards, and stops under the figure may be in the crosshairs.
09:44 EDTGerman data weighs on Europe, leads to lower open in U.S.
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09:30 EDTNational Retail Federation to hold a media briefing
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09:30 EDTU.S. Treasury Secretary Lew: a strong dollar is good
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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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