Dentalfloss
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yes...no problem
the bond markets open one hour before the nyse and nas
treasuries usually call the shots,especially for stocks and fx
Wallstreet1928 Analysis & live calls on FTSE,DAX,S&P...aimed to help New traders
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the bond markets open one hour before the nyse and nas
treasuries usually call the shots,especially for stocks and fx
SuddenDeath
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WS said "but they do say one should wait 15 mins before gauging market reaction" (post 3958)
Good advice Wallstreet1928, thanks
Good advice Wallstreet1928, thanks
Dentalfloss
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Grabbing Back: Bonds are taking back ground in response to yesterday's oversold run, with a batch of data unlikely to continue to push along the "green shoots" path and the curve trade has backed off its record levels. The market will be facing the $26B 7-yr auction today, a bit of an odd ball in that it's a "new" maturity and the longer duration may seem daunting to buyers even as newly high yields. The day's data is expected to be mixed with housing, jobless claims and durables improving but the continuing claims should continue to track records. Global bonds are mixed to offered with supply concern while Libor has been set lower again after a couple stalled days in its steady run off. The dollar has been mixed, generally offered while the yen drops and hits the worst levels on the euro since mid-May. Gold is backing off its early bid with spot trading 950.18 (+0.29), while crude is seeing a lightening of its bid ahead of inventories trading 63.31 (-0.14). The day has the 7-yr offering as well as initial jobless claims, durable orders (8:30) and new home sales (10). Fed speak has a late night talk fro
briefing.com
briefing.com
Dentalfloss
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more from briefing.com
Bond Market Update
Updated: 28-May-09 08:53 ET
Adding to Bid: The market was not much moved by the run of reports as the long end was pulling higher, but trade is leaning on mechanical action in response to Wed's sell off. The slightly better hit on the jobless report comes against a negative upward revision while the continuing claims capped a new negative record hitting 6678K also against an upward backend (to 6678K from 6662K) and the 4-wk average was better at 626,750, but the market was prepared for all of this. The long bond is pushing to take back nearly half of yesterday's beat-down while the remainder of the curve trails. Trade will be hard pressed to get much more, even on a new record low on the new home sales report later (the low since records began in 1963 was seen in Jan at 331K). The curve has been grinding back with the 2-10-yr yield spread back to 268.4. The upcoming 7-yr auction will drag on prices, crimping rallies, and carries significant weight with its short history and odd duration, while mortgage players may be quiet for the moment, they are still lurking in the background. Vigilante talk is premature and is coming more from anticipation than reality.
Bond Market Update
Updated: 28-May-09 08:53 ET
Adding to Bid: The market was not much moved by the run of reports as the long end was pulling higher, but trade is leaning on mechanical action in response to Wed's sell off. The slightly better hit on the jobless report comes against a negative upward revision while the continuing claims capped a new negative record hitting 6678K also against an upward backend (to 6678K from 6662K) and the 4-wk average was better at 626,750, but the market was prepared for all of this. The long bond is pushing to take back nearly half of yesterday's beat-down while the remainder of the curve trails. Trade will be hard pressed to get much more, even on a new record low on the new home sales report later (the low since records began in 1963 was seen in Jan at 331K). The curve has been grinding back with the 2-10-yr yield spread back to 268.4. The upcoming 7-yr auction will drag on prices, crimping rallies, and carries significant weight with its short history and odd duration, while mortgage players may be quiet for the moment, they are still lurking in the background. Vigilante talk is premature and is coming more from anticipation than reality.
dr.blix
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no, because i have a very strong support at 4355, which it respected, then formed a very clear double bottom from which we're still riding the up.
SuddenDeath
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what caused the down plunge ?
Mortgage delinquencies data from US
Mortgage delinquencies data from US
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InTheMoneyStocks
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IF AAPL RALLIES WATCH THE 136.00 RESISTANCE LEVEL
InTheMoneyStocks
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New Home Sales Numbers Released; Show Data That Cannot Be Trusted.
The new homes sales numbers came in slightly lower than expected, but once again, the revision to last month was shocking. This again shows that any number we get will be revised much lower next month. It brings to the forefront the issue of any data the government is giving us.
The new homes sales numbers came in slightly lower than expected, but once again, the revision to last month was shocking. This again shows that any number we get will be revised much lower next month. It brings to the forefront the issue of any data the government is giving us.
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