Currently viewing the tag: "Financials"

Financials: Sept. Bonds are currently 14 higher at 138’10, 10 Yr. Notes 3.5 higher at 125’05 and 5 Yr. Notes 1.2 higher at 119’02.7. Yesterday’s positive weekly Jobless Claims number (20,000 less than expected) took the Bonds down to the 137’28 level (Thurs. close) only to rally partially back to present levels after the release [...]

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Financials: Sept. Bonds are currently 5 higher at 138’23, 10 Yr. Notes 3 higher at 125’16 and the 5 Yr. Notes 2.5 higher at 119’10.2. Lack of any news or relief of Global tensions are keeping these markets in a tight range for the moment. We remain soread long 10 YR. Notes/short Bonds from the [...]

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Financials: Sept. Bonds are currently 8 higher at 138’10, 10 Yr. Notes 1 higher at 125’10.5 and 5 Yr. Notes 0.5 lower at 119’05.5. Global tensions (Ukraine, Israel, Iraq, etc.) are providing underlying support to these markets at the moment. On Friday recommended the long 10 Yr./short Bond spread around the 12’16 area and once [...]

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This week’s letter will break with tradition slightly. Whereas I usually give a preview and forecast for the coming week, this letter will focus on markets to keep an eye on for the next few months through the end of the quarter. I will be listing each based on the being a buy, sell or [...]

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Financials: Sept. Bonds are currently 1 higher at 136’30, 10 Yr. Notes unchanged at 124’31 and 5 Yr. Notes fractionally lower at 119’05.7. Retail sales this morning were slightly disappointing rising 0.2% vs. average expectations of an increase of 0.6%. NY Fed Manufacturing Index was better than expected at 25.6 vs. June’s 19.28. The result [...]

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General Comments: Near the end of June this year, Peter Schiff wrote a blog titled “The Bond Trap”. A story the Financial Times prompted his blog, stating that “some Fed officials would like to require retail owners of bond mutual funds to pay an exit fee to liquidate their positions. Federal Reserve Governor Jeremy Stein [...]

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Financials: Sept. Bonds are currently 24 higher at 137’22, 10 Year Notes 15 higher at 125’14 and 5 Yr. Notes 10.5 higher at 119’15.5. Eurodollar futures are 2-8 higher with deferred contracts out pacing nearby contracts. Concerns over a possible failure of Portugal’s Banco Espirito Santo and renewed Mid-East tensions have pushed these markets higher [...]

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The Nemenoff Report 7/8/14

On July 8, 2014 - 8:53 AM By

Financials: Sept. Bonds are currently 13 higher at 136’03, 10 Yr. Notes 7.5 higher at 124’20 and 5 Yr. Notes 4.2 higher at 119’00. The 134’08 support level in Bonds has held with the recent low being 134’11, levels from which we had recommended trading from the long side of the market. We are now [...]

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The Nemenoff Report 7/3/14

On July 3, 2014 - 8:54 AM By

Financials: Sept. Bonds are currently 19 lower at 134’21, 10 Yr. Notes 12 lower at 124’01 and the 5 Yr. Note7 lower at 118’25.5. This mornings Monthly Unemployment Report showed an increase in non-farm payrolls of 288,00 much better than the expected estimate of 215,000. The unemployment rate dropped tov 6.1% from 6.3%. Support of [...]

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The Nemenoff Report 7/1/14

On July 1, 2014 - 9:04 AM By

Financials: Sept. Bonds are currently 17 lower at 136’21, 10 Yr. Notes 6 lower at 124’31.5 and 5 Yr. Notes 3 lower at 119’11.7. Continue to treat Bonds as a trading affair between 135’08 and 137’16. Personally, I prefer the short side of the market on rallies. I am still recommending the long June 2015/short [...]

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Perfect Storm. DRY HEAT Report 6/30/14

On June 30, 2014 - 8:59 AM By

Hogs: On Friday the Quarterly Hogs & Pigs report was released. All hogs and pigs inventory, as of 6/1/14, was 62.1 million head, down 5% from 6/1/13 and down 1% from 3/1/14. The breeding inventory was 5.85 million head and down little from last year, but up a little from the previous quarter. Market hog [...]

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The Nemenoff Report 6/27/14

On June 27, 2014 - 8:20 AM By

Financials: Sept. Bonds are currently 1 higher at 137’06, 10 Yr. Notes 3 higher at 125’05.5 and 5 Yr. Notes 2 higher at 119’13.5. As expected with some disappointing economic data (GDP, Consumer Spending, Durable Goods, etc.) Bonds have rallied and are now approaching some significant resistance in the 137’16 area. We are still trying [...]

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