STIR: Just 33-34bp Of Cuts Priced Out To Oct FOMC
May-21 15:33
* Fed Funds implied rates are a touch off highs but price close to the fewest cuts for after the O...
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FED: US TSY 26W BILL AUCTION: HIGH 4.050%(ALLOT 30.34%)
Apr-21 15:32
- US TSY 26W BILL AUCTION: HIGH 4.050%(ALLOT 30.34%)
- US TSY 26W BILL AUCTION: DEALERS TAKE 23.26% OF COMPETITIVES
- US TSY 26W BILL AUCTION: DIRECTS TAKE 13.40% OF COMPETITIVES
- US TSY 26W BILL AUCTION: INDIRECTS TAKE 63.34% OF COMPETITIVES
- US TSY 26W BILL AUCTION: BID/CVR 2.93
FED: US TSY 13W BILL AUCTION: HIGH 4.225%(ALLOT 39.00%)
Apr-21 15:32
- US TSY 13W BILL AUCTION: HIGH 4.225%(ALLOT 39.00%)
- US TSY 13W BILL AUCTION: DEALERS TAKE 30.02% OF COMPETITIVES
- US TSY 13W BILL AUCTION: DIRECTS TAKE 8.07% OF COMPETITIVES
- US TSY 13W BILL AUCTION: INDIRECTS TAKE 61.90% OF COMPETITIVES
- US TSY 13W BILL AUCTION: BID/CVR 3.01
US STOCKS: Stocks Tracking Lower, Still Off April Lows
Apr-21 15:24
- Stocks are back to trading weaker Monday, unwinding last Thursday's modest bounce, current SPX eminis levels putting the index back to April 10 lows, still off April 7 low of 4832.00. Risk sentiment hampered after Pres Trump berates Fed Chair Powell for not preemptively cutting rates.
- Currently, the DJIA trades down 942.51 points (-2.41%) at 38191.13, S&P E-Minis down 131.25 points (-2.47%) at 5181, Nasdaq down 456 points (-2.8%) at 15828.34.
- Consumer Discretionary and Information Technology sectors underperformed in the first half, Tesla -6.48%, Chipotle Mexican Grill -4.86%, Deckers Outdoor -4.06%, Carnival -3.59% and Starbucks -3.42%, led laggers in the Consumer Discretionary sector.
- Chip makers primarily weighed on the IT sector: Super Micro Computer -5.90%, NVIDIA -5.06%, Arista Networks -5.04%, Palo Alto Networks -4.39% and Oracle -4.33%
- On the positive side, Consumer Staples and Materials sectors outperformed: Dollar General +1.99%, Kroger +0.80%, Kraft Heinz +0.75%, Mondelez International +0.27% and Coca-Cola Co +0.10%.
- Aside from IFF, miners buoyed the Materials sector as gold climbed to a new intraday all-time high of 3429.50: Newmont Corp +0.53%, International Flavors & Fragrances +0.29%, The Mosaic Co +0.26%.
- Equity earnings resume after the close: Hexcel Corp, Medpace Holdings Inc, W R Berkley Corp, AGNC Investment Corp and Western Alliance Bancorp reporting.
