Currently viewing the tag: "The Nemenoff Report"

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 [...]

Continue Reading

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 [...]

Continue Reading

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 [...]

Continue Reading

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 [...]

Continue Reading

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 [...]

Continue Reading

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 [...]

Continue Reading

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 [...]

Continue Reading

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 [...]

Continue Reading

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 [...]

Continue Reading

The Nemenoff Report 6/25/14

On June 25, 2014 - 9:59 AM By

Financials: Sept. Bonds are currently 24 higher at 136’25, 10 Yr. Notes15 higher at 125’01 and the 5 Yr. Notes 10 higher at 119’19. This morning: GDP -2.9% vs. expectations of -2.0%, Consumer Spending +1.0% vs. expectations of +1.9% and Durable Goods -1.0% vs. unchanged. These figures were unexpectedly negative to the economy resulting in [...]

Continue Reading

The Nemenoff Report 6/23/14

On June 23, 2014 - 9:34 AM By

Financials: Sept. Bonds are currently 15 higher at 135’26, 10 Yr. Notes 5 higher at 124’13.5 and the 5 Yr. Notes 1.5 higher at 118’30.2. Later this morning: Existing home sales. I am willing to treat Bonds as a trading affair between 133’24 and 136’08. Grains: Dec. Corn is currently unchanged at 452’0, Nov. Beans [...]

Continue Reading

The Nemenoff Report 6/20/14

On June 20, 2014 - 9:01 AM By

Financials: Sept. Bonds are currently 12 lower at 134’28, the 10 Yr. Notes 5 lower at 124’06.0 and the 5 Yr. Notes 2 lower at 118’28.5. After the FOMC announcement of continued “paring” by 10 Billion dollars to 35 Billion dollars of monthly Bond and Mortgage Security purchases the Bonds rallied to just above the [...]

Continue Reading