Business

Bond Prices Sneak Higher Ahead of Heavy Data, Fed Speak and Supply — 10-Year 2.941%

Bond Prices Sneak Higher Ahead of Heavy Data, Fed Speak and Supply — 10-Year 2.941%

US Treasury prices were little changed, with prices slightly higher, dipping yields with longer dated notes mildly outperforming. The 10-year yield was down near 2.941% versus a 2.942% close. The two-year was also flat at 2.707%. Core European sovereign prices weakened modestly from earlier highs, with the German Bund yield up 1.5 basis points from Friday at 0.399% after testing […]

Fuel Tech Gain 14%, Wins $15.8 Mln in Orders From US and China Customers

Fuel Tech Gain 14%, Wins $15.8 Mln in Orders From US and China Customers

Fuel Tech (FTEK) jumped more than 14% after the company said it has won multiple air pollution control contracts from customers in the United States and China worth a total of approximately $15.8 million. It noted one of the awards was a follow-on order at a domestic data center involved in using Fuel Tech’s Selective Catalytic Reduction (SCR) and urea […]

Chip Maker Shares Tumble on Memory Market Outlook, KLA-Tencor Comment

Chip Maker Shares Tumble on Memory Market Outlook, KLA-Tencor Comment

Shares of chip makers plunged in early Thursday trading following comments made by KLA-Tencor (KLAC) at the Citi Global Technology Conference in New York and concerns raised by analysts regarding the outlook for memory markets heading into the final quarter of the year, media reported. KLA-Tencor, a provider of process control and yield management systems, plummeted as much as 9%, […]

Bond Prices Head Higher Following Run of Data; Trade Issues Loom – 10-Year 2.877%

Bond Prices Head Higher Following Run of Data; Trade Issues Loom – 10-Year 2.877%

US Treasury prices rose early Thursday following a rush of mixed data with the five-year leading with the 10-year chasing behind while the two-year lagged the curve. Numbers showed a miss on ADP payrolls, better claims, a mix on August services data, in line productivity, lower labor costs and factory orders. Trade started quietly little-changed while volumes bounced on the […]

Equities Drop in US as Trade Tensions and Earnings Results Sink Sentiment

The benchmark US stock measures sank on Wednesday as downbeat earnings results and renewed trade tensions weighed on sentiment. Turkey’s move to hit back at the US by doubling tariffs on several imports ignited geopolitical jitters that had eased on Tuesday and allowed the Dow Jones Industrial Average and the Standard & Poor’s 500 to stem four-day losing streaks. Energy […]

Ameriprise Financial Services to Pay $4.5 Million SEC Penalty

Ameriprise Financial Services (AMP) will pay $4.5 million to settle charges made by the US Securities and Exchange Commission that it failed to protect investors’ cash from representatives of the company who committed “numerous fraudulent acts.” The regulator’s order said Ameriprise failed to have policies and procedures to prevent misappropriation of client funds by representatives of the company that offers […]

TIC Release Will Be Watched For Russians

TIC Release Will Be Watched For Russians

The June Treasury International Capital (TIC) flows data is due Wednesday at 4 pm ET. There will be scrutiny after Russian holdings “disappeared” from the May list of “Major Foreign Holder of Treasury Securities.” There has been much speculation that the Russians moved holdings into less identifiable accounts. In the June report Russia’s total security holdings plunged to $14.9 billion […]

US Treasury Prices Slightly Lower as Curve Flattening Resumes

US Treasury Prices Slightly Lower as Curve Flattening Resumes

US Treasury prices were slightly lower as curves resumed flattening after risk sentiment recovered somewhat as the Turkey panic subsided. This comes after US press secretary Sanders Monday said national security adviser Bolton met with Turkish ambassador Serdar Kilic at the White House. – Turkish Lira up about 4.4% with other EM currencies up as well (RUB, ZAR, MXN). – […]

Advance Auto Parts Beats Sales, Earnings Expectations as Outlook Bolstered for 2018

Advance Auto Parts Beats Sales, Earnings Expectations as Outlook Bolstered for 2018

Advance Auto Parts (AAP) reported better-than-expected results for its second quarter, with a turnaround in comparable store sales bringing a higher view for the aftermarket parts retailer’s full-year outcome. The Roanoke, Virginia-based company said net sales rose 2.8% in the second quarter to $2.33 billion, beating the consensus on Capital IQ for $2.26 billion. Adjusted earnings increased to $1.97 a […]