July 10th, 2009 12:32:21 GMT

US trade deficit slips to $26 bln in May


Exports rose 1.6% and imports fell 0.6%. The deficit with China widened to $17.50 bln versus $16.75 bln in April. A reminder: A shrinking US trade deficit usually signifies a shrinking US economy…

July 9th, 2009 21:50:07 GMT

Yield on 30-year Treasuries rise as demand drops


The long-end continues to be less attractive for investors. Earlier in the week we saw a very strong 10-year auction but the 30-year Treasury market is still struggling, according to this report from Bloomberg.

July 9th, 2009 17:05:54 GMT

$11 bln long bonds sold at 4.30%


A decent 30-year bond auction brings to an end this week mini-refunding. The market absorbed another $72 bln, and did it at lower yields, indicating demand for fixed income is strong. EUR/USD was easing heading into the auction results and … Continue reading

July 8th, 2009 20:37:08 GMT

Alcoa earnings not so bad


S&P futures are up a bit after Alcoa posted a smaller than expected loss. This is the first report of earnings season, so it gets plenty of attention. It’s shares are up a nickle in after-hours trade.


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