Currently viewing the tag: "Marc Nemenoff"

Financials: June Bonds are currently 29 higher at 164’22, 10 Yr. Notes 6 higher at 129’23 and 5 Yr. Notes 3 higher at 120’22. The prospect of a near term default on Greek debt has rallied the Bonds in a flight to quality. There is also talk of upping the Fed target for inflation to [...]

Continue Reading

Financials: June Bonds are currently 17 lower at 163’20, 10 Yr. Notes 2 lower at 129’20 and 5 Yr. notes fractionally lower ar 120’23. I’m still hesitant to take a position in either Bonds or 10 Yr. Notes with the German 10 Yr. trading at a yield of 0.07%, only 7 basis points from 0% [...]

Continue Reading

Financials: June Bonds are 14 higher at 163’29, 10 Yr. Notes 4.5 higher at 129’04 and 5 Yr. Notes 1.7 higher at 120’10. The lack of significant inflation may push %interest rates slightly lower for the moment. We are taking profits on the long 5 Yr./short 10 Yr. Spread. At the moment I am looking [...]

Continue Reading

Financials: June Bonds are currently 15 lower at 163’01, 10 Yr. Notes 1.5 lower at 128’24.5 and 5 Yr. Notes unchanged at 120.04. Last week saw poor auction results on the 30 Yr. pushing rates several basis points higher. We remain spread long the 5 Yr./short the 10 Yr. from the 9’02 premium the 10 [...]

Continue Reading

Financials: June Bonds are currently 7 lower at 164’23, 10 Yr. Notes unchanged at 129’11.5 and 5 Yr. Notes 1 lower at 120’14. Yesterday’s FOMC release of the minutes of the March meeting were nebulous at best. The word patient was removed from guidance and confirmation was given to the idea that inflation may have [...]

Continue Reading

Financials: June Bonds are currently 10 lower at 165’14, 10 Yr. Notes 3.5 lower at 129’26 and 5 Yr. Notes 3 lower at 120’24. Friday’s Job Report showed the creation of 126,000 non-farm payrolls, well below the expected 200,000+ estimate. The result was a rally across the Board in interest rate futures pushing yield to [...]

Continue Reading

Financials: June Bonds are currently 1’10 higher at 165’05, 10 Yr. Notes 11 higher at 129’08 and 5 Yr. Notes 5.2 higher at 120’12. This mornings ADP private sector job survey showed the creation of 189,000 non-farm payroll jobs, well under the pre-report estimate of 225,000. This is often a precursor to the Monthly Jobs [...]

Continue Reading

Grains: DJ USDA Report: Summary for Mar 1 Quarterly Grain, Soybean Stockpiles & U.S. 2015 Planting Reports KANSAS CITY–The following table of analysts’ estimates is provided as a service to The Wall Street Journal subscribers in conjunction with the U.S. Department of Agriculture’s March 1 Quarterly Grain, Soybean Stockpiles and 2015 U.S. Grain, Soybean Prospective [...]

Continue Reading

Financials: June Bonds are currently 13 lower at 164’00, 10 Yr. Notes 4 lower at 128’18 and 5 Yr. Notes 1 lower at 120’00. The prospect of some easing of the tensions and progress with Iran over nuclear armaments has eased some of the safety factor on the interest rate markets. Last Thursday we recommended [...]

Continue Reading

Financials: June Bonds are currently unchanged at 164’17, 10 Yr. Notes unchanged at 128’26 and 5 Yr. Notes up 1 at 120’01. Islamic nations instability, air strikes in Yemen and Tikrit (Iraq) pushed Bonds higher overnight before retreating to present levels. Yesterday’s 2 and 5 Yr. auctions were not well received causing the rates to [...]

Continue Reading

Financials: June Bonds are currently 14 higher at 163’18, 10 Yr. Notes 1 higher at 128’18 and 5 Yr. Notes 1 lower at 119’26. Yesterday’s FOMC left rates unchanged and commented that it would do so until there is a better employment picture and inflation comes closer to the targeted 2.0%. It also suggested that [...]

Continue Reading

Financials: June Bonds are currently 1’13 higher at 161’11, 10 Yr. Notes 13.5 higher at 127’20.5 and 5 Yr. Notes 7 higher at 119’08.5. This morning Crude Oil is once again on new contract lows which has rallied Bonds on renewed fears of deflation. I feel just the opposite thinking that disposal income will eventually [...]

Continue Reading