Fixed Income Close
First Published Friday, 10 July 2009 from Need to Know News
Supply, supply, supply is the focal point next week amid an otherwise light data and Fedspeak calendar. The Treasury could sell over $170 bln in bills, notes, bonds, and TIPS next week, assuming a $35 bln 4-week bill auction (details announced Monday). For the first time ever, the debt managers will conduct 4 coupon/TIPS offerings. Despite the advent of this massive supply, yields are still sharply lower as stocks are down over 2%. Monday's ISM Non-Manufacturing index highlights the data calendar. The rest of the week is virtually empty until Friday when trade, import and export prices, and consumer sentiment will be released. Other factors that will influence trading are the start of earnings season, and the G8 meeting.
- Equities Close
Equities finished mixed to higher with the Dow relatively unchanged at 10567, the S&P rising 0.5% to 1146 and Nasdaq gaining 0.8% to 2359....continued
- Preview: Canadian Q4 Capacity Utilization Expected to Rise To 69.7%
* Industrial Capacity Use Q/Q: 69.7% * Manufacturing Capacity Use Q/Q: 66.2% Q4 Canadian Capacity use is forecast to advance to 69.7% after 9 quarterly retreats....continued
- RBNZ Leaves Benchmark Unchanged at 2.50%
...continued
- Crude Closes Up 0.7% to 82.09
...continued
- PBR, RDS find OIL at Espirito Santos site
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