The Nemenoff Report Blog Posts

Financials: June Bonds are currently 2 higher at 141’22 and the 10 Yr. Note 1 higher at 130’16. Several reports this morning: 1st Quarter GDP was revised slightly downward from 2.5% tp 2.4%. Consumer spending rose 3.4%, slightly higher than the a...

Financials: June Bonds are currently 3 higher at 141’11 and the 10 Yr. Notes1 lower at 130’11.5. It’s been a wild few days since my last “Report” dated May 23rd. Bonds madec an overnight low of 139’29 as this market broke sharply since Fr...

Financials: June Bonds are currently 11 higher at 143’06 and the 10 Yr. Note 2 higher at 131’09. This mornings weekly Jobless Claims fell by 23,000 versus a average expectations of a drop of 18,000. In the last 24 hours the Bonds have had quite a...

Financials: June Bonds are currently 2 higher at 143’26 and the 10 Yr. Note 1 lower at 131’25.0. Treat as a trading affair between 143’00 and 146’0. We remain short the July Bond 141’00/147’00 strangle from the 68 point level. This strang...

Financials: June Bonds are currently 16 higher at 144’15 and the 10 Yr. Notes 6.5 higher at 132’02.0. For the moment we are looking at the Bonds as a trading affair between 143’00 and 146’00. On Friday we sold the July Bond 141’00/147’00...

Financials: June Bonds are currently 12 lower at 145’02 and the 10 Yr. Notes 3.5 lower at 132’11.5. Yesterday the Bonds rallied about 1’16 on disappointing ecominc reports: CPI was down 0.4% slightly lower than expectations of -0.3%. Jobless Cl...

Financials: June Bonds are currently 10 higher at 144’12 and the 10 Yr. Notes 4.5 higher at 131’27.5. PPI and Empire State manufacturing data came in weaker than expected ralying the Bonds about 10 points from just before the reports. Traders are...

Financials: June Bonds are currently 7 higher at 144’27 and the 10 Yr. Notes 2 higher at 132’01.0 Since last Thursday’s constructive Jobless Claims Report we were stopped out of any remaining long positions from the 146’16 area when the marke...

Financials: June Bonds are currently 8 higher at 146’31 and the 10 Yr. Note 4.5 higher at 132’29.5. This morning’s Weekly Jobless Claims Report showed a decline of 4,000 vs. average expectations of an increase of 8,000. If you went long over th...

Financials: June Bonds are currently 2 lower at 146’14 and the 10 Yr. Note 1 lower at 132’20.5. Since last Friday’s Employment Report the Bonds have continued their slide falling an additional 1’00 after the immediate 1’07 point decline wit...

Financials: June Bonds are currently 1’07 lower at 147’31 and the 10 Yr. Note 15 lower at 133’05.5. The monthly Jobs Report showed an increase in non-farm payrolls of 165,000 vs. average expectations of 140,000. What was surprising was the drop...

Financials: June Bonds are currently 15 higher at 148’27 and the 10 Yr. Notes 6.5 higher at 133’18.0. This mornings ADP private sector job survey showed a monthly increase of 119,000 jobs vs. expectations of an increase of 155,000, some what disa...

Financials: June Bonds are currently 4 higher at 149’00 and the 10 Yr. Notes 3 higher at 133’17.0. Positive results for an Italian 10 Yr. auction putting their rates at a recent low of 3.5% has added a bit of upward pressure on treasury prices. O...

Financials: June Bonds are currently 14 higher at 148’19 and the 10 Yr. Notes 6 higher at 133’09.0. A half hearted endorsement of “quantitative easing” by the G20 over the weekend concerning recent activity by the Japanese could lead to simil...

Financials: June Bonds are currently 5 lower at 148’09 and the 10 Yr. Note 1.5 lower at 133’03.0. As I mentioned in my last “Report” this market is looking for direction having been in a range of 147’00-148’00. The market has since broken...

Financials: June Bonds are currently 9 higher at 147’29 and the 10 Yr. Note 2 higher at 133’01. Yesterday the market experienced a promising Housing Starts Report which showed an increase in starts and permits of about 7.0% well above estimates o...

Financials: June Bonds are currently 9 higher at 147’26 and the 10 Yr. Notes 2.5 higher at 133’02.0. Since my last letter (Thursday) we were stopped out of any remaining short positions when the market traded through the 146’14 level on the ups...

Financials: June Bonds are currently 3 higher at 146’01 and the 10 Yr. Note 1.5 higher at 132’15. This morning Weekly Jobless Claims showed a decline of 42,000 vs. expectations of a decline of 28,000. If you remain short the Bonds either take pro...

Financials: June Bonds are currently 5 lower at 147’05 and the 10 Yr. Note 1 lower at 132’26.5. If you went short in the 148’00 area (see Report dated 4/5/2013) either take profits or use a protective buy stop in the 147’17 area. If the marke...

Financials: June Bonds are currently 1’13 higher at 147’24 and the 10 Yr. Notes 11.5 higher at 133’06.5. This morning the Monthly Unemployment Report showed an increase in non-farm payrolls of 88,000 vs. expectations of 200,000. Needless to say...