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Stock Market & Financial Investment News

News For NOSYMBOL From The Last 14 Days
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September 29, 2014
03:35 EDTFX Action: USD-JPY broke through 109.50 option barriers
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03:05 EDTFX Update: The dollar extended to fresh highs
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September 26, 2014
19:55 EDTU.S. Personal Income Preview
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15:05 EDTTreasury Closing Summary:
Treasury Closing Summary: A Friday asset allocation swing from bonds into stocks was the temporary fix ahead of quarter-end for jumpy portfolio managers after news broke that PIMCO Bond King Bill Gross jumped ship to Janus before being forced to walk the plank. This followed hot on the heels of stock portfolio liquidations that day prior by hedge fund BlueCrest that caught the complacent stock market napping. Upward revisions on Q2 GDP and unrevisions on Michigan Sentiment were lost in the shuffle, though risk of a "Black Swan" type event seemed overblown. That said, there was plenty of positioning on Treasury futures and options rumored somehow related to the fallout from the dramatic management reshuffle.
13:20 EDTTreasury Option Action: heavy put buying
Treasury Option Action: heavy put buying featured as part of the sum total of options activity today, in addition to earlier reported rumors of position unwinds relating to a management shift at a large bond fund. Sources confirmed the large "8x1 ratio put spread" executed in pit trade was a net vol purchase involving a 40k purchase of November 122.5 puts vs a sale of 5k in November 123 puts. In addition to that sizeable trade there were about 25k in purchases of various put strikes, combos and trades ranging from 119.5 to 124-00 puts. Underlying December 10-year futures are 10-ticks lower at 124-14, compared to a 124-295 to 124-115 session range - in line with the panicky sell-off.
13:20 EDTAction Economics Survey results:
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12:25 EDTGross had been levering up PIMCO's bond portfolio
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10:35 EDTTreasury Option Action: more large unwind rumors
Treasury Option Action: more large unwind rumors continue to swirl after "you know who left you know where in a huff." This included a large "8x1 ratio put spread" executed in pit trade; a 40k purchase of November 122.5 puts vs a sale of 5k in November 123 puts. Underlying December 10-year futures are 8.5-ticks lower at 124-155, compared to a 124-295 to 124-135 session range.
10:30 EDTToday's U.S. reports
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10:22 EDTAverages rebound after Nike report, upward revision to Q2 GDP
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10:15 EDTThe September Michigan sentiment rise
The September Michigan sentiment rise to an unrevised 84.6 extended the 0.7 August rise to 82.5, as Michigan sentiment climbed above the narrow 81.8-82.5 range of the prior four months, but remained below the 85.1 cycle-high from July of 2013. Today's lack of an upward headline revision breaks the pattern of consistent boosts in every prior month of 2014, though the average size of the monthly boost has fallen in half to 0.9 this year from a larger 1.8 average in 2013. For other surveys, the RBC-IPSOS index rose to a 52.4 cycle-high from 51.5, versus a 51.8 prior cycle-high in March that was also seen last June. The IBD/TIPP index rose to 45.2 from 44.5, versus a 54.0 cycle-high in October of 2012. The weekly Bloomberg Consumer Comfort index has slipped through the first three weeks of September to a most recent 35.5 from averages of 37.0 in August and a cycle-high 37.1 in July, versus a 36.4 temporary high in July of 2013. Analysts expect a September consumer confidence drop to 91.0 from a cycle-high 92.4 in August, versus last year's temporary June peak of 82.1.
10:10 EDTTreasury Action: yields have simmered down
Treasury Action: yields have simmered down after the knee-jerk reaction to Gross's departure from PIMCO, which spread to high yield and peripheral bonds too. The as expected unrevised U. Michigan release left no discernable mark, though the T-note yield pulled back from 2.55% session highs to the 2.52% area after vaulting from 2.50% earlier. Stocks remain jittery too after yesterday's fund portfolio liquidation, which was confirmed today as BlueCrest.
10:10 EDTFX Action: The dollar edged higher after the Michigan sentiment
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10:05 EDTU.S. consumer sentiment rose to 84.6 in the final September reading
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09:40 EDTTreasury Option Action: demand for volatility
Treasury Option Action: demand for volatility has been cited with good buying on 2.5k December 138 bond straddles, rumored to be a West Coast fund in the midst of a management reshuffle. Dec bonds are 7-ticks lower now near 137-19.
09:30 EDTPIMCO's Gross: decided to join Janus Capital Group
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09:25 EDTFX Action: USD-CAD made new trend highs
FX Action: USD-CAD made new trend highs of 1.1137, after finding support just under 1.11 into the North America open. Fresh bidding interest is now reported coming in at 1.1100, with intra day stops noted at 1.1090. To the upside, the March 26 high of 1.1170 should provide good interim resistance.
09:22 EDTSPDR Lehman High Yield Bond volatility low as yield trends higher
SPDR Lehman High Yield Bond overall option implied volatility of 7 is below its 26-week average of 8 according to Track Data, suggesting decreasing price movement.
09:15 EDTU.S. equities shed gains
U.S. equities shed gains even after European bourses turned the corner slightly on yesterday's steep losses even as Asia caught up on the downside overnight. Q2 GDP was revised up to 4.6% as expected, though the markets are still focused on downside risks as the Fed seeks a graceful exit from QE. News of Bill Gross's departure from PIMCO for Janus appeared to attract more interest, however, as parent Allianz sinks 3% and Janus surges 20%. There was also a WSJ report that BlueCrest sacked equity fund managers yesterday and some of its stock portfolio, contributing to the sell-off then. In Asia, Japan's N-225 sank 0.88%, while the Japan Topix of financial shares tumbled 1.08% and the Shanghai Comp rose 0.11%. Europe's Euro Stoxx 50 is up 0.4%, while the German DAX is in shallow negative territory. The Dow is 2-points lower, S&P sank 5-points and NASDAQ is off 2-points ahead of the opening bell, below earlier highs. In corporate action, NIKE surged over 7% in pre-market action after a solid earnings report, as did Micron Technology which rallied over 6%. U.S. shares of Canada's Blackberry also rallied 4% after cutting its losses. Final U. Michigan sentiment is due next.
09:00 EDTBlueCrest Capital Management LLP was cited by the WSJ
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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 | all recent NOSYMBOL news | >>

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