News Results

  1. BULLET: US DATA REACT: MS says "The composite ISM............
    Market News Intl Fixed Income Bullets | 10:52 AM EDT

    US DATA REACT: MS says "The composite ISM manufacturing gauge pulled back to 52.7 in July after rebounding from a two-year low of 51.5 in March and April to 53.5 in June, improvement that hadn't been reflected in much upside in hard data in the IP report. The pullback in July was concentrated in slower growth in the employment index (52.7 v. 55.5) and a correction in inventories (49.5 v. 53.0)." BMO says "ISM manufacturing headline was dragged down by employment (-2.8 pts to a 2-month low of 52.7----mostly petroleum & coal) and inventories (-3.5 pts)." JPM says after PI data, "There is a little bit of downside risk to the 2.9% real consumption estimate we have penciled into our 2.5% real GDP forecast for 3Q, but we do not have much information regarding the 3Q data at this point."

  2. BULLET: FED: Gov Powell's remarks to Brookings conf..........
    Market News Intl Fixed Income Bullets | 10:50 AM EDT

    FED: Gov Powell's remarks to Brookings conf indicate mkt is changing fast and regulators need real-time info; esp wants more clearing on repo. Upcoming NY Fed conf should illuminate ideas.

  3. BULLET: US TSYS/OVERNIGHT REPO: REFILE: Tsy General O/N......
    Market News Intl Fixed Income Bullets | 10:41 AM EDT

    US TSYS/OVERNIGHT REPO: REFILE: Tsy General O/N Coll. 0.25% Federal Funds.... 0.12% Mortgage-Backed...... 0.27% Agencies...... 0.26% 1-month bill........ 0.00% 3-month bill... 0.15% 6-month bill........ 0.15% 1-year bill ... 0.15% U.S. Treasuries: Current Issue Old Issue 2-year note ....... 0.25% (07/17) 0.06% (06/17) 3-year note ....... 0.16% (07/18) 0.23% (06/18) 5-year note ....... 0.23% (07/20) 0.23% (06/20) 7-year note ....... 0.28% (07/22) 0.23% (06/22) 10-year note ...... 0.02% (05/25) 0.21% (02/25) 30-year bond....... 0.24% (05/45) 0.21% (02/45)

  4. BULLET: US DATA REACT: BNP says "June construction...........
    Market News Intl Fixed Income Bullets | 10:39 AM EDT

    US DATA REACT: BNP says "June construction spending increased by just 0.1% m/m, consensus and our own expectations for a larger increase. Still, upward revision to prior months' data suggests significant upward revisions to Q2 growth." FTN says of PCE data, "Consumption growth outpaced retail sales in the second quarter, a fact underscored by upward revisions to April and May service spending that offset much of the downward revisions in the April and May retail control group. (The control group is the goods-dominated core from the retail sales report that is the base for consumption calculations by the BEA.) Healthcare has significantly boosted consumption in the past year and a half, but it is starting to slow now."

  5. BULLET: US DATA REACT: BNP says "July's final Markit PMI.....
    Market News Intl Fixed Income Bullets | 10:39 AM EDT

    US DATA REACT: BNP says "July's final Markit PMI came in at 53.8, little changed from preliminary estimates, and solidly below levels we saw this time last year. On an ISM adjusted basis, the measure declined 0.1 point."

  6. BULLET: US DATA REACT: HFE says ISM was "a little weaker.....
    Market News Intl Fixed Income Bullets | 10:39 AM EDT

    US DATA REACT: HFE says ISM was "a little weaker than expected, although the leading orders component rose and the index is still up from its low, consistent with weakness in manufacturing fading slightly at least. The headline index was as low as 51.5 three months ago."

  7. BULLET: US DATA REACT: MS says "Q2 consumption rising in.....
    Market News Intl Fixed Income Bullets | 10:39 AM EDT

    US DATA REACT: MS says "Q2 consumption rising in line with our forecast of 2.9% instead was supported by April being adjusted up to 0.2% from 0.0%. That's a more negative monthly trajectory for Q3 growth. We lowered our Q3 consumption forecast slightly to 2.3% from 2.4%."

  8. BULLET: US DATA REACT: TD says "ISM manufacturing index......
    Market News Intl Fixed Income Bullets | 10:39 AM EDT

    US DATA REACT: TD says "ISM manufacturing index slipped unexpectedly in July, falling to 52.7 from 53.5. This was a weaker performance than the market consensus for an unchanged print, and it suggests that the economic recovery is leaking momentum." BNP says "The biggest movers in the month was production on the positive side and inventories, backlog of orders, and employment on the negative front. The details of the report were tilted negative."

  9. BULLET: US TSYS/OVERNIGHT REPO: Tsy General O/N Coll.........
    Market News Intl Fixed Income Bullets | 10:39 AM EDT

    US TSYS/OVERNIGHT REPO: Tsy General O/N Coll. 0.25% Federal Funds.... 0.12% Mortgage-Backed...... 0.27% Agencies...... 0.26% 1-month bill........ 0.00% 3-month bill... 0.15% 6-month bill........ 0.15% 1-year bill ... 0.15% U.S. Treasuries: Current Issue Old Issue 2-year note ....... 0.25% (07/17) 0.06% (06/17) 3-year note ....... 0.16% (07/18) 0.23% (06/18) 5-year note ....... 0.23% (07/20) 0.23% (06/20) 7-year note ....... 0.28% (07/22) 0.23% (06/22) 10-year note ...... 0.02% (05/25) 0.21% (02/25) 30-year bond....... 0.24% (05/45) 0.21% (02/45)

  10. BULLET: US TSYS/OVERNIGHT REPO: The overnight repo market....
    Market News Intl Fixed Income Bullets | 10:38 AM EDT

    US TSYS/OVERNIGHT REPO: The overnight repo market saw the Treasury General Collateral rate calm down somewhat from last Friday's month-end rocky trading, said traders. But it may take some more days for the Treasury G/C rate to really move lower, they said. Meanwhile the one-month T-bills, old 2-year notes and the current 10-year notes saw demand from various accounts, said traders. "There are residual shorts in the 10-year notes," said one trader. (More)

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