2024-04-16 16:50:02 $ECON Economic Data
04/16/24 04/1616:50 04/16/2416:50 | Treasury Market Summary:Treasury Market Summary: Treasury yields and the dollar extended higher again today amid ongoing repricing of the FOMC policy trajectory. Comments from Fed Chair Powell added to the recent sell off. His slightly more hawkish tone further priced out chances for any imminent action and the timing of a cut was pushed out further. There remains no real chance for a move on May 1 and at their intraday highs the June implied funds rate future showed only 5 bps, while July reflected only 10 bps. And a fully 25 bps was not priced in until November, with 38 bps in cuts seen for 2024. Treasury yields all climbed to new highs for the year until fading in the afternoon. The 2-year rate cheapened 9 bps to test 5.0%. That enticed dip buyers and left the note at 4.98% at the close. The 10-year finished 6.4 bps higher at 4.663% after challenging 4.694%. The DXY was firmer on Powell and rate differentials amid expectations the ECB, the BoC, and possibly the BoE could cut before the Fed. USD-JPY also inched up to 154.67 on expectations the BoJ will remain accommodative and as the market challenges a perceived 155 red line for MoF intervention. Wall Street waffled either side of unchanged on the day amid dimming rate cut potential, rising yields, and earnings. The major indexes closed mixed with the Dow up 0.17%, while the S&P 500 and NASDAQ lost -0.21% and -0.12%, respectively. Oil prices slipped -0.15% to $85.28 per barrel. Gold rose 0.24% to $2389.11 per ounce, a new record closing high as geopolitical risks overshadowed the impacts of rising rates and the stronger dollar. |
---|
Conference/Events
|
Arhaus participates in a conference call with Craig-Hallum »
13:39
04/29/24
04/29
13:39
04/29/2413:39
ARHS
Arhaus
Analyst Hamblin holds a… Available to The Fly Members Only Breaking content available to members only. Sign up or login for access. Create FREE Account |
Recommendations
|
Kingspan Group price target raised by EUR 1 at Morgan Stanley »
13:38
04/29/24
04/29
13:38
04/29/2413:38
KGSPY
Kingspan Group
Morgan Stanley analyst… Available to The Fly Members Only Breaking content available to members only. Sign up or login for access. Create FREE Account |
Recommendations
|
Hexagon AB price target raised by SEK 4 at Morgan Stanley »
13:37
04/29/24
04/29
13:37
04/29/2413:37
HXGBY
Hexagon AB
Morgan Stanley raised the… Available to The Fly Members Only Breaking content available to members only. Sign up or login for access. Create FREE Account |
Recommendations
|
flatexDEGIRO price target raised by EUR 0.70 at Morgan Stanley »
13:37
04/29/24
04/29
13:37
04/29/2413:37
FNNTF
flatexDEGIRO
Morgan Stanley raised the… Available to The Fly Members Only Breaking content available to members only. Sign up or login for access. Create FREE Account |
Recommendations
|
Deutsche Bank price target raised by EUR 2 at Morgan Stanley »
13:36
04/29/24
04/29
13:36
04/29/2413:36
DB
Deutsche Bank
Morgan Stanley analyst… Available to The Fly Members Only Breaking content available to members only. Sign up or login for access. Create FREE Account |
On The Fly
|
Here's what Wall St. experts are saying about PayPal ahead of earnings »
13:35
04/29/24
04/29
13:35
04/29/2413:35
PYPL
PayPal
Apple
Block
PayPal (PYPL) is… |
General news
|
Market Update: Treasury yields remain richer »
13:35
04/29/24
04/29
13:35
04/29/2413:35
$ECON
Economic Data
Market Update: Treasury… Available to The Fly Members Only Breaking content available to members only. Sign up or login for access. Create FREE Account |
Options
|
Transocean options imply 7.6% move in share price post-earnings »
13:34
04/29/24
04/29
13:34
04/29/2413:34
RIG
Transocean
Pre-earnings options… Available to The Fly Members Only Breaking content available to members only. Sign up or login for access. Create FREE Account |
Options
|
Samsara call volume above normal and directionally bullish »
13:25
04/29/24
04/29
13:25
04/29/2413:25
IOT
Samsara
Bullish option flow… Available to The Fly Members Only Breaking content available to members only. Sign up or login for access. Create FREE Account |
Conference/Events
|
BTIG consumer retail analyst to hold an analyst/industry conference call »
13:25
04/29/24
04/29
13:25
04/29/2413:25
Consumer Retail &… Available to The Fly Members Only Breaking content available to members only. Sign up or login for access. Create FREE Account |
Options
|
MicroStrategy options imply 5.3% move in share price post-earnings »
13:19
04/29/24
04/29
13:19
04/29/2413:19
MSTR
MicroStrategy
Pre-earnings options… Available to The Fly Members Only Breaking content available to members only. Sign up or login for access. Create FREE Account |
Recommendations
|
Experian price target raised by 582 GBp at Deutsche Bank »
13:15
04/29/24
04/29
13:15
04/29/2413:15
EXPGY
Experian
Deutsche Bank raised the… Available to The Fly Members Only Breaking content available to members only. Sign up or login for access. Create FREE Account |
Recommendations
|
Wacker Chemie price target lowered by EUR 5 at Berenberg »
13:13
04/29/24
04/29
13:13
04/29/2413:13
WKCMF
Wacker Chemie
Berenberg lowered the… Available to The Fly Members Only Breaking content available to members only. Sign up or login for access. Create FREE Account |
Recommendations
|
Verallia price target raised by EUR 1 at Berenberg »
13:13
04/29/24
04/29
13:13
04/29/2413:13
VRLAF
Verallia
Berenberg analyst Fraser… Available to The Fly Members Only Breaking content available to members only. Sign up or login for access. Create FREE Account |
Recommendations
|
Unibail-Rodamco-Westfield price target raised to EUR 80 at Berenberg »
13:13
04/29/24
04/29
13:13
04/29/2413:13
UNBLF
Unibail-Rodamco-Westfield
Berenberg raised the… Available to The Fly Members Only Breaking content available to members only. Sign up or login for access. Create FREE Account |
Recommendations
|
Swedbank price target raised by SEK 6 at Berenberg »
13:12
04/29/24
04/29
13:12
04/29/2413:12
SWDBY
Swedbank
Berenberg raised the… Available to The Fly Members Only Breaking content available to members only. Sign up or login for access. Create FREE Account |
Recommendations
|
Schneider Electric price target raised by EUR 2 at Berenberg »
13:12
04/29/24
04/29
13:12
04/29/2413:12
SBGSY
Schneider Electric
Berenberg analyst Philip… Available to The Fly Members Only Breaking content available to members only. Sign up or login for access. Create FREE Account |
Recommendations
|
Renault price target raised by EUR 3 at Berenberg »
13:11
04/29/24
04/29
13:11
04/29/2413:11
RNLSY
Renault
Berenberg raised the… Available to The Fly Members Only Breaking content available to members only. Sign up or login for access. Create FREE Account |
Recommendations
|
Hasbro price target raised by $7 at DA Davidson, here's why »
13:11
04/29/24
04/29
13:11
04/29/2413:11
HAS
Hasbro
DA Davidson raised the… Available to The Fly Members Only Breaking content available to members only. Sign up or login for access. Create FREE Account |
Recommendations
|
NatWest Group price target raised by 25 GBp at Berenberg »
13:11
04/29/24
04/29
13:11
04/29/2413:11
NWG
NatWest Group
Berenberg analyst Peter… Available to The Fly Members Only Breaking content available to members only. Sign up or login for access. Create FREE Account |
Recommendations
|
Greggs price target lowered by 160 GBp at Berenberg »
13:11
04/29/24
04/29
13:11
04/29/2413:11
GGGSF
Greggs
Berenberg lowered the… Available to The Fly Members Only Breaking content available to members only. Sign up or login for access. Create FREE Account |
Recommendations
|
Gjensidige price target lowered by NOK 10 at Berenberg »
13:10
04/29/24
04/29
13:10
04/29/2413:10
GJNSY
Gjensidige
Berenberg lowered the… Available to The Fly Members Only Breaking content available to members only. Sign up or login for access. Create FREE Account |
Recommendations
|
Fresnillo price target raised by 90 GBp at Berenberg »
13:10
04/29/24
04/29
13:10
04/29/2413:10
FNLPF
Fresnillo
Berenberg analyst Richard… Available to The Fly Members Only Breaking content available to members only. Sign up or login for access. Create FREE Account |
Recommendations
|
Borregaard price target raised by NOK 5 at Berenberg »
13:09
04/29/24
04/29
13:09
04/29/2413:09
BRRDF
Borregaard
Berenberg raised the… Available to The Fly Members Only Breaking content available to members only. Sign up or login for access. Create FREE Account |
Recommendations
|
BE Semiconductor price target lowered by EUR 20 at Berenberg »
13:09
04/29/24
04/29
13:09
04/29/2413:09
BESIY
BE Semiconductor
Berenberg lowered the… Available to The Fly Members Only Breaking content available to members only. Sign up or login for access. Create FREE Account |