Richard's Feed
Jul 25, 2014

Wall St. Weekahead: Even modest GDP bounce may support market

NEW YORK (Reuters) – Even if data next week shows a mediocre rebound in U.S. economic growth, that might be enough to keep the stock market aloft at record highs and the Federal Reserve steadfast in its winding down of stimulus through bond purchases.

U.S. gross domestic product for the second quarter, due to be released Wednesday, is forecast to have grown 3.2 percent. Growth had shrunk 2.9 percent in the first quarter due to a harsh winter and spending cuts tied to the federal Affordable Care Act.

Jul 25, 2014

Even modest GDP bounce may support market

NEW YORK, July 25 (Reuters) – Even if data next week shows a
mediocre rebound in U.S. economic growth, that might be enough
to keep the stock market aloft at record highs and the Federal
Reserve steadfast in its winding down of stimulus through bond
purchases.

U.S. gross domestic product for the second quarter, due to
be released Wednesday, is forecast to have grown 3.2 percent.
Growth had shrunk 2.9 percent in the first quarter due to a
harsh winter and spending cuts tied to the federal Affordable
Care Act.

Jul 24, 2014

Euro rises on upbeat business data, New Zealand dollar sags

NEW YORK (Reuters) – The euro rose on Thursday from an eight-month low versus the U.S. dollar on better-than-expected German and French business data, while the New Zealand dollar sank after that nation’s central bank hinted it may pause in raising rates further.

The greenback traded narrowly mixed against most major currencies as it reached a one-week high against the yen following data that showed weekly U.S. filings for first-time jobless benefits fell to its lowest since early 2006.

Jul 24, 2014

Euro rises on upbeat business data, NZ dollar sags

NEW YORK, July 24 (Reuters) – The euro rose on Thursday from
an eight-month low versus the U.S. dollar on
better-than-expected German and French business data, while the
New Zealand dollar sank after that nation’s central bank hinted
it may pause in raising rates further.

The greenback traded narrowly mixed against most major
currencies as it reached a one-week high against the yen
following data that showed weekly U.S. filings for first-time
jobless benefits fell to its lowest since early 2006.

Jul 22, 2014

Dollar rises as U.S. bond yields hold firm

NEW YORK, July 22 (Reuters) – The dollar rose on Tuesday as
U.S. bond yields stood firm on the view that the world’s biggest
economy is expanding enough for the Federal Reserve to raise
interest rates next year despite data showing a mild rise in
domestic prices in June.

The euro fell to an eight-month low against the greenback,
breaking below key support at $1.35, largely on expectations the
European Central Bank will provide more stimulus to aid the
fragile Eurozone economy. The euro also hit a 5-1/2 month low
versus the Japanese yen.

Jul 22, 2014

Dollar gains on higher U.S. yields, euro below $1.35

NEW YORK, July 22 (Reuters) – The dollar rose on Tuesday as
U.S. bond yields held firm on the view the world’s biggest
economy is expanding enough for the Federal Reserve to further
reduce stimulus despite data showing a mild pullback in some
domestic prices in June.

The euro fell to an eight-month low against the greenback,
breaking below key support at $1.35, largely on expectations the
European Central Bank will provide more stimulus in the coming
months, lowering regional interest rates. The euro also hit a
5-1/2 month low versus the Japanese yen

Jul 21, 2014

Dollar holds firm as stocks slip worldwide

NEW YORK, July 21 (Reuters) – The U.S. dollar held steady
against major currencies on Monday as investors reduced holdings
of stocks and other risky assets on anxiety about escalating
violence in Gaza and Ukraine.

Demand for traditional safe-haven yen and Swiss francs
persisted but was not strong enough to push them out of recent
trading ranges against the dollar, as traders have been
assessing whether the fighting in these regions would affect the
global economy, analysts said.

Jul 21, 2014

Dollar holds steady as world stock markets fall

NEW YORK, July 21 (Reuters) – The U.S. dollar held steady
against major currencies on Monday as investors reduced holdings
of stocks and other risky assets on anxiety about escalating
violence in Gaza and Ukraine.

Demand for traditional safe-haven yen and Swiss francs
persisted but it was not strong enough to push their values out
of their recent trading ranges against the dollar, as traders
have been assessing whether the fighting in these regions would
affect the global economy, analysts said.

Jul 9, 2014

U.S. bond prices rise as Fed hints no hurry to hike rates

NEW YORK, July 9 (Reuters) – U.S. Treasuries prices rose on
Wednesday as the Federal Reserve acknowledged the recent
strengthening in the U.S. economy in the minutes of its June
meeting but suggested it was unlikely to raise policy rates
until the second half of 2015.

The bond market eked out a third day of price gains in
choppy trading even after a poor $21 billion 10-year note
auction. This week’s $61 billion in fixed-rate note supply will
conclude with a $13 billion auction of 30-year bonds.

Jul 9, 2014

U.S. bond yields edge up before supply, FOMC minutes

NEW YORK, July 9 (Reuters) – U.S. Treasuries yields rose
modestly on Wednesday as traders prepared to make room for $21
billion in 10-year note supply and awaited possible clues on the
timing on a rate increase from the Federal Reserve’s minutes of
its June meeting.

The bond market pulled back after rallying on Tuesday due to
stock market losses on worries about corporate earnings,
overseas trade data as well as the intensified fighting between
militants in Gaza and the Israeli military.

    • About Richard

      "I am currently part of the U.S. Treasuries group based in New York, which covers the government debt market as well as interest rate derivatives. Previously, I was a specialist in housing and structured finance. Prior to joining the fixed income team, I had written extensively about the U.S. energy industry with focus on market and regulatory issues."
    • Follow Richard