Recent Event Highlights: Mortgage Rates Improve as Stocks Sell on Greek Downgrade - MortgageNewsDaily.com, U.S. Treasury offering 16.9 mln PNC warrants - MarketWatch, US Treasury's bank warrants up for sale - Globe and Mail, Bond rally steals Treasury's thunder at 2-year sale - Reuters, US Treasury 4-Week: 0.130%; 55.62% At High; Bid-To-Cover 5.47 - Wall Street Journal, TREASURIES-Greece worries spark rally in safe-haven US bonds - Reuters, and 59 more...
Created by dipity on Apr 4, 2009
Last updated: 11/03/10 at 06:17 PM
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Mortgage Rates Improve as Stocks Sell on Greek DowngradeMortgageNewsDaily.comWe had a few economic data releases and a Treasury auction today, but mortgage rates reacted to headline news more than anything. ...and more »
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Plain DealerU.S. Treasury offering 16.9 mln PNC warrantsMarketWatchThe minimum bid price is $15 when the auction begins on Thursday. Proceeds will be counted as "an additional return to the American taxpayer," the Treasury ...PNC shareholders want dividend restoredBizjournals.comTreasury announces PNC Financial warrant auctionBelleville News Democratall 85 news articles »
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Globe and MailUS Treasury's bank warrants up for saleGlobe and MailGoldman bought its warrants back from the Treasury under a provision in the bank investment program that allows institutions to sidestep auctions of their ...
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Bond rally steals Treasury's thunder at 2-year saleReutersNEW YORK (Reuters) - The US government sold $44 billion of two-year debt on Tuesday in an auction that drew soft demand as the fiscal crisis in troubled ...Treasury sells $44 bln in 2-year debt at 1.024%MarketWatchTREASURIES-Prices briefly shave gains after 2-yr auctionReuters India2 Year Treasury Note Auction Results and ReactionsMortgageNewsDaily.com (blog)Financial News USA (press release) -Middle East North Africa Financial Networkall 82 news articles »
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US Treasury 4-Week: 0.130%; 55.62% At High; Bid-To-Cover 5.47Wall Street JournalWASHINGTON (Dow Jones)--The US Treasury awarded $15.00 billion in four-week bills at Tuesday's auction at a high rate of 0.130%. The Treasury received bids ...US Treasury 2-Year Notes: 1.024%; 63.61% At HighWall Street Journalall 2 news articles »
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TREASURIES-Greece worries spark rally in safe-haven US bondsReuters... worries over Portuguese government debt, making Treasuries all the more attractive despite a looming $44 US Treasury billion auction of two-year debt. ...Investors Shed Risky BetsWall Street JournalEmerging Bonds Plunge Most in 13 Months; Stocks, Forint TumbleBusinessWeekSovereign debt downgrades spark flight to qualityFXstreet.com The Forex MarketForexyard -San Francisco Chronicle -Reutersall 49 news articles »
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US to cut size of its bond auctionsGlobe and MailThe day-to-day dynamic of bond markets will shift if US Treasury starts cutting back on the amount of debt it auctions, as the rest of the credit market ...TARP and the case for good governmentExaminer.comall 6 news articles »
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Washington PostTreasury To Sell 19% Citigroup StockEmii.comThe US Treasury Department is planning to sell 1.5 billion Citigroup shares, in order to reduce its 27% stake in the bank, The Wall Street Journal reports. ...Treasury Gives OK to Sell Some Citi SharesWall Street Journalall 519 news articles »
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Please visit my blog at www.jasonburack.com and also checkout the Wall St for Main St Facebook fanpage to join in the conversation! HUGE $128BILLION+ Treasury auction this week! It's a good time to buy more gold and silver and precous metal stocks! I preview 3 gold and silver companies Silver Wheaton, Royal Gold and Franco-Nevada.
CNBCTREASURIES-Prices steady before Fed meeting, debt auctionsReutersThe US Treasury's five-year TIPS sale kicked off the week's record supply of $129 billion of longer-dated debt. The TIPS auction is $3 billion more than ...Data, Fed Add to Treasury-Auction PressureWall Street JournalTreasurys rise on safe-haven flows; auction on tapMarketWatchUS TREASURY OUTLOOK-Fed meeting casts shadow on 2Y auctionForexyardWall Street Journal -Wall Street Journal -Wall Street Journalall 221 news articles »
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US Treasury Asks Dealers How to Reduce Coupon Auction SizesBusinessWeekApril 23 (Bloomberg) -- The US Treasury Department asked bond dealers about the best way to shrink the size of its long- term debt ...US Treasury seeks advice on reducing coupon sizesReutersText: US Treasury Request for Primary Dealers EstimatesMarket News InternationalTreasury To Seek Input From Dealers On SEC Money Market Mutual Fund RulesNASDAQCapital.gr (press release)all 24 news articles »
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This week we discuss the health care vote and the reaction in stock price of the heath care insurers who we believe stand to profit. The Semi Conducter sector is flashing bearish signs and we look towards the action in the US Dollare for direction of as to where the stock market is headed. www.thecontrariantrader.com
Greg Afarian's Market Report week of April 4th through the 9th. This week we saw testimony on Capitol Hill regarding the mortgage crisis as committee members questioned former Fed Chairman Allen Greenspan, former US Treasury Secretary Robert Runin, Ex Citigroup CEO Chick Prince. It is upsetting to still be talking about this issue. The problem was that greed / corruption got the better part of alot of people and we are all now paying the price. Oil hit $87 a barrel this week settling to $84.89 and Gold has been up as well reaching $1161. These are two key inflationary signs but, the Fed will probably have the blinders on regarding rates due to the higher risk of slower growth. The Stock Market is doing quite well as it approaches 11000 and could be seen as a Bullish sign. Many people on Wall Street are calling for the end of the recession. Last weeks Jobless Claims Number might be a strong argument. But, if you look at the numbers closely you would see that out of the 162000 jobs added nearly 60000 of them are temporary jobs added for the census. Economist bragging over this figure (the biggest gain in 3 years) really should look deeper into the numbers. The Unemployment Rate in the United Sates is still 9.7%. 30 Year Fixed Rate Mortgage Rates rose dramatically this week due to an auction of 10 Year Treasury Notes. The 30 Year Fixed Rate average rose to 5.31% up from 5.04% last week. The 15 Year Fixed Rate was up as well to 4.54% from last weeks 4.34% Existing Home Sales ...
Today's economic update (the 2nd in mini-series of 3) will focus on hyperinflationary signs. We'll look at the issues of bonds declining, Portugal downgraded, Japanese pension a problem for Japanese bonds & how it affects us. To watch a private viewing held in Austin, Tx regarding the Coming Financial Storm... www.kingdomcalling.com
This week we discuss the health care vote and the reaction in stock price of the heath care insurers who we believe stand to profit. The Semi Conducter sector is flashing bearish signs and we look towards the action in the US Dollare for direction of as to where the stock market is headed. www.thecontrariantrader.com
www.TheContrarianTrader.com This week we do a quick review of last week's performance and look at potential set ups on the Semi Conductor and the Banking Sector that could send the major indexes down. The Federal Reserve's meeting this week could be a catalyst to break the S&P 500 out higher or send the markets down on interest rate concerns.
www.thecontrariantrader.com The Russell 2000 broke our above resistance on Friday as did the S&P 500. It appears that "not so bad" economic news is enough to stoke confidence in traders. We discuss the weakness in the VIX as well as the consolidation in the US Dollar. If the US Dollar breaks down we will then look for an even stronger rally in the markets. www.thecontrariantrader.com
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Go here: www.schiffforsenate.com Then, go here www.donharrold.net
3/2/2010-Shares of Bank of America (NYSE:BAC) are trading down 0.1% to $16.69 premarket Tuesday after the US Treasury Department scheduled a March 3rd auction of warrants granted to the US when the lender received $45 billion from the Troubled Asset Relief Program.
Today's economic update (2nd in a mini series of 2) will focus on the Treasury Auction debacle. We'll look at the US's inability to raise money & our desperate need it to finance the current budget, Federal Reserve printing billions to buy & maybe more than they admit to. See the full forecast of what's ahead below... Click the link below to watch a private viewing held in Austin, Tx regarding the Coming Financial Storm... www.kingdomcalling.com
www.thecontrariantrader.com This week we discuss the suspicion that Goldman Sachs helped mask Greece's actual deficit during their bid for EU membership. Further discussion of the lack of volume on the S&P 500 last week calls into question the strenght of the rally.
Every week Max Keiser looks at all the scandal behind the financial news headlines. (Feb,18,2010)This week Max Keiser and co-host Stacy Herbert report on the scandals of rising debt ceilings and insolvent governments, and look at investing for a global debt bomb explosion. Keiser also speaks to former assistant Treasury Secretary Paul Craig Roberts about failed US debt auctions and the plunge protection team.
On Thursday, just a few hours after we presented Nine Shocking New Predictions for 2010-2012, the US Federal Reserve raised the discount rate on loans made directly to banks. The 25-basis-point increase was the FIRST hike in the discount rate since early 2006. You have to ask yourself, Why would the Fed do such a thing? After all, unemployment is still near 10%. Housing prices and home equity are still not recovering. The economy is barely moving. At a time like this, higher interest rates could be the kiss of death at a time like this! The truth is disturbing to say the least. Heres what the mainstream media is NOT reporting ... Just a few days ago, the US Treasury tried to auction off $25 billion in ten-year notes and $16 billion in 30-year bonds. But the group of bidders that includes foreign governments and investors bought 35% LESS of these long-term Treasuries than they normally do. Prices plunged. Yields surged. In essence, US and foreign investors fired a shot across Washingtons bow — saying, in effect ... If youre going to continue spending, printing and borrowing like theres no tomorrow — and paying us back with cheaper dollars — youre going to have to pay us more to buy your bonds. And if YOU wont raise interest rates, well raise them for you — by buying fewer bonds ... crushing bond prices and driving interest rates higher! This is the hidden reason Bernankes announced a rate hike yesterday — secretly, the Fed is in a panic to ward off a bond market collapse ...
This week Max Keiser and co-host Stacy Herbert report on the scandals of rising debt ceilings and insolvent governments, and look at investing for a global debt bomb explosion. Keiser also speaks to former assistant Treasury Secretary Paul Craig Roberts about failed US debt auctions and the plunge protection team.
Demand for US debt was poor, which drove up the cost of borrowing. As demand for treasury debt falls, interest rates must rise to find buyers for this debt. Our leaders in Washington might want to wake up to this, especially if they have this fantasy of printing trillions in cheap dollars over the next few years.
The United States steps up it's diplomatic trade war with China and gets counter punched by China right in the mouth. This is why China no longer has any interest in the US Dollar or the Treasury Auctions.
After today's 30 yr auction Rick Santelli dropped a bomb on the CNBC airwaves. For those who don't understand what he is saying, it essentially is this: Who is creating the demand for Treasury Bonds (US Debt)? He says (and I as well as many others have suspected this) that there are rumors that the demand is 1 huge anonymous buyer, and that it is "quantitative easing" in disguise. This means that there are rumors that the main financier of American debt is America. AKA THE FED IS CREATING THE MONEY OUT OF THIN AIR. This would have devastating consequences in the not so distant future.
Thank you to az222222222 for uploading the original vid. copyright CNBC; all rights reserved to them. I am simply assisting with propagating the truth. At the 1:45 mark CNBC anchor Erin Burnett drops this bombshell: "Pimco did an analysis.... We had to issue 1 and a half trillion dollars of new debt last year in 2009, in this country, just to finance our deficit. Eighty percent of that debt was bought by the Federal Reserve. Which means.... well I guess you could use the word 'Ponzi Scheme', but I mean they are printing the money and buying it." "How long can we continue doing that?" how long, indeed, baby doll.
There have been no failed auctions, no sovereign defaults, no downgrades of debt and no significant increase in rates: not so much as a hiccup in the treasury market. Knowing what we discussed this past June, we have to ask how it all went so smoothly. After all, it was pretty obvious that there wasnt enough buying power to satisfy the auctions under normal circumstances. While the Q4 data is not yet available, the Q1, Q2 and Q3 data suggests that the state and local governments and US savings bonds groups will be net sellers of US Treasury securities in 2009, while pension funds, insurance companies and depository institutions only increased their purchases by a negligible amount. So who was the third large buyer? Drum roll please... it was Other Investors. After purchasing $90 billion in 2008, this group has purchased $510.1 billion of freshly minted treasury securities so far in the first three quarters of fiscal 2009. If you annualise this rate of purchase, they are on pace to buy $680 billion of US treasuries this year or more than seven times what they purchased in 2008. As we have seen so illustriously over the past year, all ponzi schemes eventually fail under their own weight. The US debt scheme is no different. 2009 has been witness to spectacular government intervention in almost all levels of the economy. This support requires outside capital to facilitate, and relies heavily on the US governments ability to raise money in the debt market. The fact that the ...
www.TheContrarianTrader.com We focus this week on the continued light volume manipulation of the markets as we head into the New Year. The Retail Sector in particular is in the spot light as well as the divergence between the extremely overbought US Steel and the Baltic Dry Sea Index. Adding to the continued pressure on consumers is the lack of home equity line of credit lending that has buoyed the economy in years past. The cutting of home equity lines of credit along with cut credit card lines and forthcoming tax hikes on consumers will continue keep the cash strapped consumer on the side lines and force the federal government to continue it's misguided policy of focusing on government spending to spur growth rather then tax cuts which empower the consumer.
Learn how to day trade bond futures in the Order Flow Trading Room. www.orderflowtrader.com JB Moloney hosts a live trading room where he teaches clients how to read order flow in the US Treasury Bond futures market.www.orderflowtrader.com
The Fed and Treasury are trying to prop up the dollar ahead of the record, massive Treasury auction of 10/29/09. Hedge funds shift their software to allocate accordingly and that gives us a buying opportunity. Do not waste it.
Free Mortgage Rates Update as of the end of Tuesday, October 27, 2009, from RateAlertNow.com. Provides a comprehensive look at how mortgage rates and points moved notably lower on Tuesday. Also offers a look at Wednesday's potential market-moving data release and US Treasury auction.
Oct. 7 (Bloomberg) -- George Goncalves, chief fixed-income rates strategist at Cantor Fitzgerald LP, talks with Bloomberg's Julie Hyman and Brian Luke about today's $20 billion auction of 10-year US Treasury notes and the outlook for the Treasury market. 10-year notes gained for the first time in four days as the dollar strengthened and bolstered auction demand. (Source: Bloomberg)
Oct. 7 (Bloomberg) -- Bloomberg's Brian Luke reports on today's auction of $20 billion in 10-year US Treasury notes and its impact on bond yields. Bloomberg's Michael Whitney reports on the gold market. (Source: Bloomberg)
Here is a phone conversation I had today, October 6, 2009, with US Bank representative, Leann (California), regarding the foreclosure and auction, on October 21, 2009, of my home of 14 years in Colorado. I begged US Bank to work with me, and offered to pay them $5000.00 today and $2000.00 for the next 6 months, so that I may bring my default current, but Leann wanted $13000.00 today. I did not initially advise Leann of the recording because the content of this call is not confidential; my foreclosure is public record.
Bob Chapman talks about the dirty tricks pulled by Ben Bernanke for the federal reserve to manipulate the dollar recorded on August 14th 2009 Pressure (Countdown) Toward Breakdown www.kitco.com By Jim Willie CB My best sources of information report that some unexpected deep shocks are coming from USGovt creditor nations. They are simply fed up, frustrated, and astonished at the manner of lost control, spiraling debts, and blatant monetization amidst lies in denial of that same monetization. The USTreasury auctions now have domestic hidden elements, and global hidden monetization elements. The USFed is purchasing through Permanent Open Market Operations the bonds grabbed by the primary dealers. Some of the auctions are actually underbid, and fortunately for the statistics, the bid/cover ratio includes obligated dealer bids. The USFed liberally uses its USDollar Swap Facility to enable strong bids by foreign central banks, except that they are highly likely coming from USFed accounts on foreign soil, or else from money lent by the USFed itself. Warning after warning have come not to monetize, not to debauch the USDollar currency, not to permit skyrocketing deficits. Yet they continue, and worse, little if any reform or actual stimulus has occurred. Mainly what we witness is more channeled funds to the big banks, more coverage of credit derivative fires, and more announcements of bond support. See the $1.25 trillion support for Fannie Mae bonds, aka USAgency Mortgage Bonds ...
USD fell against majors earlier as recent upbeat US data boosted hopes that global economy was reaching a bottom. The positive outlooks stem from Thursdays us data showing the number of people on jobless benefits fell for the first time since January while mid atlantic region manufacturing shrank less than expected. Investors came back to buy higher yielding currencies such as the Australian and new Zealand dollars and for some traders focus is on next weeks fed meeting and treasury auction.
Bernard Hickey details the key news overnight in 90 seconds at 9 am in association with ASB, including news that the government is expected to announce a shakeup for the electricity industry later today that could include power companies paying customers to use less power. Meanwhile, there was a strong auction overnight for US Treasury bonds, easing the fears of some worried the US government may not be able to finance its massive deficit. There were record bids from central banks for US$37 bln worth of 3 year bonds which drove the price up and the yield down more than expected. Meanwhile the US Federal Reserve Open Market Committee meets this week to decide on interest rates. It is expected to leave rates on hold but may expand money printing. Meanwhile, China's economy may be cooling after bank lending there fell 77% in a month, the FT reported.
Bernard Hickey details the key news overnight in 90 seconds at 9 am in association with ASB, including news that the government is expected to announce a shakeup for the electricity industry later today that could include power companies paying customers to use less power. Meanwhile, there was a strong auction overnight for US Treasury bonds, easing the fears of some worried the US government may not be able to finance its massive deficit. There were record bids from central banks for US$37 bln worth of 3 year bonds which drove the price up and the yield down more than expected. Meanwhile the US Federal Reserve Open Market Committee meets this week to decide on interest rates. It is expected to leave rates on hold but may expand money printing. Meanwhile, China's economy may be cooling after bank lending there fell 77% in a month, the FT reported.
www.tradingfloor.com Markets are looking towards US job data today and a better reading in Nonfarm Payrolls. We could see a better than expected numbers and this will drive equity markets higher. Important triggers today: NFP, Manufacturing Payrolls, Unemployment Rate (also in Canada), German Industrial Production. Especially the NFP will be important due to the Birth/Death-adjustment in July. News on Treasury Auctions: It has been revealed that the Fed has purchased as much as half the issued treasuries in recent auctions from the Primary dealers only days after the auction. This is extremely worrying and implies that the good 7-year auction last week was just as miserable as the failed 5-year auction. BEWARE of long-term rates, if this story grabs a hold in the market. S&P 500 still hasnt tested the 1014 level.
Bernard Hickey details the key news overnight in 90 seconds at 9am in association with ASB, including news that The NZX50 has just had its longest winning streak in over 3 years. It has risen for the last 10 trading days in a row. Fletcher Building is doing well out of the infrastructure boom, including building Eden Park. SkyCity upgraded its profit outlook and there's takeover action around NZ Refining, which owns Marsden Point. US firm Valero may bid for half of NZ Refining. Meanwhile the Dow was down overnight despite new US home sales being the strongest since November. The US housing market may be starting to bottom out. Finally, US Treasury prices fell and yields rose overnight after the market struggled to digest an auction of US$115 bln of new bonds. There were fewer foreign buyers Pressure remains on longer term interest rates to rise.
Bernard Hickey details the key news overnight in 90 seconds at 9am in association with ASB, including news that The NZX50 has just had its longest winning streak in over 3 years. It has risen for the last 10 trading days in a row. Fletcher Building is doing well out of the infrastructure boom, including building Eden Park. SkyCity upgraded its profit outlook and there's takeover action around NZ Refining, which owns Marsden Point. US firm Valero may bid for half of NZ Refining. Meanwhile the Dow was down overnight despite new US home sales being the strongest since November. The US housing market may be starting to bottom out. Finally, US Treasury prices fell and yields rose overnight after the market struggled to digest an auction of US$115 bln of new bonds. There were fewer foreign buyers Pressure remains on longer term interest rates to rise.
US Rep. Mary Jo Kilroy questioned the head of two government bailout watchdogs and both agreed a public auction to sell taxpayer "stock options" would be the most transparent and maximize profit returns for Americans.
InTheMoneyStocks.com breaks out the key technical analysis techniques they have become famous for. They analyze the charts on the market to showcase their technical trend line analysis, price, pattern and time values. By utilizing these methods and not using the common technical tools which almost never work anymore, they are able to call every major and minor market move avoiding Wall Street hype. InTheMoneyStocks.com looks at major support and resistance levels on the charts telling their viewers where the market will rise and fall. They talk about major rules that must be learned. Enjoy and come get their premium daily, month, weekly and intra day expert guidance on the markets, gold, oil, us$ and stocks in their premium nightly videos, daily market reports, pro trader watch list, hidden gems and technical tactics. All included in the Research Center for just $49.99/month. Best value and guidance on Wall Street by those that avoid the Wall Street hype! RealTick graphics used with permission of Townsend Analytics, Ltd. ©1986-2009 Townsend Analytics, Ltd. All Rights Reserved. RealTick is a registered trademark of Townsend Analytics, Ltd.
www.tradingfloor.com Watch out for higher rates this week due to US Treasury auction. Positive stock trend, but the fundamental case for lower stocks is still on.
Inter-market correlation pointed to a rally on the EUR/USD currency pair during the first 30 minutes of today's US equity market session. The rally broke a downtrend line, and a conservative long trade entry came in the form of a re-test of that former source of resistance. A 60-pip profit was the reward for those who closed the trade after the euro stalled near a psychological level as the London close approached. Those who held the trade through today's 30-year Treasury bond auction, then cashed out at the daily M4 pivot point, earned a greater prize of 120 pips.
June 10, 2009 - recorded 17:30 EDT Steep bond yield signals strength in equities: network.nationalpost.com Russia plans to reduce US Treasury holdings in its reserves: www.marketwatch.com Russia May Swap Some US Treasuries for IMF Debt www.bloomberg.com Russia, Brazil Plan to Buy $20 Billion IMF Bonds: www.bloomberg.com Treasurys Add To Losses After Weak 10-Yr Auction: online.wsj.com UPDATE: Brazil Throws Its Weight Into Global Currency Debate: online.wsj.com No one talking about dumping dollar: China minister: www.reuters.com Hu to visit Russia for BRIC summit: www.businessweek.com ECB fears bank crisis in 2010 as recession drags on: www.telegraph.co.uk Oil consumption falls by the most since 1982: www.telegraph.co.uk Peace
General Motors will be allowed to auction its assets. The lead bidder is the US treasury. (Bloomberg News)
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