Algorithmic Trading One Line News

Jan Chain Store Sales Expected to Fall 1% Y-o-Y --ICSC
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10yr Bid-to-Cover 2.59
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Deutsche Cuts ICE from Buy to Hold
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GAO - Regulatory system should foster fin'l mkts taht can absorb failure, limit need for Federal intervention, taxpayer exposure
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GAO calls for consistent consumer, investor protections, financial oversight
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GAO - should "eliminate overlapping federal regulatory missions"
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GOA calls for flexible, adaptable regulatory framework
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GAO - mechanisms should include identification, monitoring, managing risks to financial system "regardless of source of risk"
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GAO calls for "Appropriately comprehensive" Regulations to cover all activities that pose systemic risk
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Kashkari: 'Huge Demand' for TARP Funds, Thousands of Apps Under Review
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$178bln Has Already Been Invested in 214 Banks Through TARP â€“Kashkari
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'Market Events are Moving Rapidly and Unpredictably' --Kashkari
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TALF Expected to Be Set Up by February â€“Kashkari
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Kashkari Reiterates Treasury Forced to Help Automakers to Avoid Significant Disruption to Financial Markets
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EUR/USD, GOLD charts showing series of lower highs, lower lows today
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NY State Carpenter's Union had exposure to Madoff
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GAO offers framework for Regulatory Reform
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Fragmented nature of U.S. Regulators complicated cooperation w/ European counter-parts
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Regulators failed to oversee sale of Mortgage Products that threatened consumers, stability of financial system - GAO
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ICSC - December Monthly Chain Store Sales -1.7% vs Nov -2.7%
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Real Time NewsOpening Comments,Bonds

US Opening Comments- Fixed Income

Posted:24/11/2008 13:27 by Keith Lobodzinski

European and US bond markets are facing selling pressure off the news of the $300bln loan guarantee to Citi plus Barclays shareholder approval to raise over $10.5bln from funds in the Persian Gulf. Bonds should continue to face selling pressure going into the Wall Street open , though losses may be limited given the fragility of the current market environment. Todayâ€™s light US economic calendar could also keep focus away from fixed income, though the October Existing Home Sales at 10:00e could provide a subtle reminder of the state of the US economy. The 10yr is off 16 tics to just below the 120 handle after bouncing off Thursdayâ€™s high at 119.70. Short end yields are for all intensive purposes are higher, though the 4week yield at 0.03% and 3month yield at 0.01% continue to see very limited interest. Fed Funds are trading at 0.75%, reverse overnight repos are anticipated. Todayâ€™s auction calendar includes $56bln in 3 and 6month bills and $36bln in 2year notes. click here to return to the top of the page

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