Market statistic updated as data becomes available.
Market News
- Fannie May Write Down $5.2 Billion in Tax Credits
- Google Strikes $750 Million Deal for AdMob
Flurry of M&A news Today it seems - Mortgage-Bond Prices Tumble After Almost Three Months of Gains
- US Auctions $40 Billion in 3-Year Notes at High Yield of 1.404%, Bid-to-Cover of 3.33
- Treasuries Little Changed as Stocks Rise, U.S. Prepares Sales
Treasuries were little changed as the U.S. prepared to sell $81 billion of 3-, 10- and 30-year debt this week while signs of economic recovery boosted investors’ appetite for higher-yielding assets. The U.S. begins this week’s sales today with a record $40 billion offering of three-year notes. Stocks and commodities rallied and the dollar plunged after the Group of 20 nations agreed to maintain measures to boost economic growth and remained silent on the U.S. currency’s weakness. Gold climbed to a record in New York and London - Hedge Funds Slipped in October
- Kraft Makes $16.3 Billion Hostile Bid for Cadbury
- Kraft Bid for Cadbury Is Likely to Go Hostile
Kraft Foods Inc. is expected on Monday to officially launch a hostile bid for Cadbury PLC valued at roughly £10 billion ($16.59 billion), setting in motion a tussle for control of the famed British confectionary company - GE, Comcast Agree on NBC Universal Valuation
- Axa Asia Pacific Rejects $10 Billion AMP, Axa SA Bid
Aussie benchmark index is also up +1.8% (3:35AM EST)
Hang Seng Index up +1.73% (3:35AM EST)
Nikkei Index is also up +0.2%; I believe it was in the negative territory when markets opened - Northrop to Sell Consulting Unit in $1.65 Billion L.B.O.
- Japan’s Bonds Decline as Stocks Gain
Yields Climb to Highest Since June Japan’s bonds fell, sending 10-year yields to the highest level in more than four months, as Asian stocks advanced on signs the global economy is recovering; I also want to note that USD/JPY is trading @ 90.10/90.12 - Asia Spreads to Narrow on Falling Defaults, Credit Suisse Says
Note: General sentiment I’m getting from HK debt market participants are positive; Samurai bond market for foreign issuers is expected to open early 2010(?) - Moody’s Raises China Outlook to Positive From Stable
China probably has the best tool in fighting inflation – currency appreciation – and I can only imagine investor appetite increasing for this particular country - Oil Rises as Hurricane Ida Disrupts Output
- Euro Rises Versus Yen, Dollar Amid Signs Economy Is Recovering
- China’s October Passenger-Car Sales Rise on Stimulus
- Gold, oil, and dollar price action will be closely watched
- “On Monday, the Federal Reserve Senior Loan Officer Opinion Survey on Bank Lending Practices for October will probably be released. This survey was available for the FOMC meeting last week, and tight lending standards and weak loan demand is probably one of the reasons the FOMC expects economic activity ‘to remain weak for a time’”
More available at Calculated Risk
Credit Markets
- Libor Today:
Libor Yesterday: - T-note (2-yr): 0.85% (+1bps)
T-note (3-yr): 1.36% (+0)
T-note (5-yr): 2.30%
T-note (7-yr): 3.01% (+1bps)
T-note (10-yr): 3.51% (+1bps)
- Swaps (2-yr): 34.5 (+0)
Swaps (5-yr): 36.5 (+0)
Swaps (10-yr): 15.6 (+0)
Swaps (30-yr): -11 (+0)
Commodities and currency
- Crude: $78.80 (+1.77%)
- Nat Gas: $4.623 (+0.028%)
- Gold: $1106.80 (+1.01%)
- Silver: $17.70 (+1.87%)
- USD/JPY: 90.10/90.12
EUR/USD: 1.4964/1.4966
USD/CAD: 1.0649/1.0653
USD/CHF: 1.0092/1.0095
GBP/USD: 1.6772/1.6775
E-mini S&P 500 Futures
- Daily Pivot (High): 1065.13
Daily Pivot (Low): 1061.00
Daily Pivot Range Today: 4.13 (-2.62)
Daily Pivot Range Yesterday: 6.75
Daily Pivot action: BULLISH
- Three-day rolling pivot (High): 1062.79
Three-day rolling pivot (Low): 1055.38
Three-day rolling pivot range: 7.42 (-4.75)
Three-day rolling pivot action: 12.17
- Open-15min Max: 1078.00
Open-15min Min: 1074.00
- Open-1hr Max: 1081.75
Open-1hr Min: 1074.00
Dallas equities (Open/Close – % chg)
- S&P 500: 1,072.31/
DJIA: 10,020.62/
Nasdaq: 2,128.46/ - S&P 500 Financial Index: 192.45/
C: 4.14/
BAC: 15.29/
JPM: 43.93/
GS: 173.68/
MS: 32.86/
CS: 57.35/
BCS: 23.07/
UBS: 17.02/
AFL: 42.87/
IVZ: 23.25/
BX: 15.23/
V: 79.86/
AXP: 37.67/
Other indulgence
- Raw Video: Soccer Player Throws Fist, Pulls Hair (YouTube video)
“University of New Mexico junior defender Elizabeth Lambert has been suspended indefinitely from the women’s soccer team after her rough play during a match against BYU in the semifinals of the Mountain West Conference tournament. (Nov. 6)” – AP
Advertisement
