Posts by: Marc Nemenoff

The Nemenoff Report 5/23/13

On May 23, 2013 - 9:23 AM By

Financials: June Bonds are currently 11 higher at 143’06 and the 10 Yr. Note 2 higher at 131’09. This mornings weekly Jobless Claims fell by 23,000 versus a average expectations of a drop of 18,000. In the last 24 hours the Bonds have had quite a range falling as low as 142’08 as the market [...]

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The Nemenoff Report 5/21/13

On May 21, 2013 - 9:15 AM By

Financials: June Bonds are currently 2 higher at 143’26 and the 10 Yr. Note 1 lower at 131’25.0. Treat as a trading affair between 143’00 and 146’0. We remain short the July Bond 141’00/147’00 strangle from the 68 point level. This strangle is currently at 72, 4 ticks against us. Grains: July Corn is currently [...]

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The Nemenoff Report 5/20/13

On May 21, 2013 - 8:58 AM By

Financials: June Bonds are currently 16 higher at 144’15 and the 10 Yr. Notes 6.5 higher at 132’02.0. For the moment we are looking at the Bonds as a trading affair between 143’00 and 146’00. On Friday we sold the July Bond 141’00/147’00 strangle at 68 points which is currently trading at 66 points. Keep [...]

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The Nemenoff Report 5/17/13

On May 17, 2013 - 9:01 AM By

Financials: June Bonds are currently 12 lower at 145’02 and the 10 Yr. Notes 3.5 lower at 132’11.5. Yesterday the Bonds rallied about 1’16 on disappointing ecominc reports: CPI was down 0.4% slightly lower than expectations of -0.3%. Jobless Claims were up 32,000, well above pre-report estimates of +2,000. Housing starts were up 5.4%, down [...]

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The Nemenoff Report 5/15/13

On May 15, 2013 - 9:24 AM By

Financials: June Bonds are currently 10 higher at 144’12 and the 10 Yr. Notes 4.5 higher at 131’27.5. PPI and Empire State manufacturing data came in weaker than expected ralying the Bonds about 10 points from just before the reports. Traders are currently watching the market closely awaiting any hints from the Fed about continued [...]

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The Nemenoff Report 5/14/13

On May 14, 2013 - 9:06 AM By

Financials: June Bonds are currently 7 higher at 144’27 and the 10 Yr. Notes 2 higher at 132’01.0 Since last Thursday’s constructive Jobless Claims Report we were stopped out of any remaining long positions from the 146’16 area when the market traded through our protective sell stop at 146’21. Since that time the market has [...]

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The Nemenoff Report 5/9/13

On May 9, 2013 - 9:21 AM By

Financials: June Bonds are currently 8 higher at 146’31 and the 10 Yr. Note 4.5 higher at 132’29.5. This morning’s Weekly Jobless Claims Report showed a decline of 4,000 vs. average expectations of an increase of 8,000. If you went long over the last couple of days in the 146’16 area either take the short [...]

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The Nemenoff Report 5/7/13

On May 7, 2013 - 9:15 AM By

Financials: June Bonds are currently 2 lower at 146’14 and the 10 Yr. Note 1 lower at 132’20.5. Since last Friday’s Employment Report the Bonds have continued their slide falling an additional 1’00 after the immediate 1’07 point decline with the release of the Report. As mentioned in my April 29th Report, the markets appeared [...]

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The Nemenoff Report 5/3/13

On May 3, 2013 - 9:20 AM By

Financials: June Bonds are currently 1’07 lower at 147’31 and the 10 Yr. Note 15 lower at 133’05.5. The monthly Jobs Report showed an increase in non-farm payrolls of 165,000 vs. average expectations of 140,000. What was surprising was the drop in the unemployment rate to 7.5% below cexpectations of 7.6%. Near term support remains [...]

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The Nemenoff Report 5/1/13

On May 1, 2013 - 9:17 AM By

Financials: June Bonds are currently 15 higher at 148’27 and the 10 Yr. Notes 6.5 higher at 133’18.0. This mornings ADP private sector job survey showed a monthly increase of 119,000 jobs vs. expectations of an increase of 155,000, some what disappointing. We remain on the sidelines. Near term support is currently 147’22 and resistance [...]

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The Nemenoff Report 4/29/13

On April 29, 2013 - 9:44 AM By

Financials: June Bonds are currently 4 higher at 149’00 and the 10 Yr. Notes 3 higher at 133’17.0. Positive results for an Italian 10 Yr. auction putting their rates at a recent low of 3.5% has added a bit of upward pressure on treasury prices. Of note is that last week’s high of 149’06 (the [...]

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The Nemenoff Report 4/23/13

On April 23, 2013 - 11:58 AM By

Financials: June Bonds are currently 14 higher at 148’19 and the 10 Yr. Notes 6 higher at 133’09.0. A half hearted endorsement of “quantitative easing” by the G20 over the weekend concerning recent activity by the Japanese could lead to similar actions by other European countries. Overnight the Chinese PMI was a bit disappointing but [...]

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