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Saturday, 20 July 2013

Interest rates

* Aso says China took step in right direction with relaxation of  bank lending rates

RBI NEWS

RBI says receives 87 bids for 46.14 bln Rupees at 2042 bond auction 

US OUTLOOK/OPINION: Jefferies says the data calendar is light next wk, "but will...


US OUTLOOK/OPINION: Jefferies says the data calendar is light next wk, "but will  feature housing, manufacturing, and consumer confidence reports.  There are no  Fed speakers scheduled due to the impending blackout period ahead of the July  30th-31st FOMC meeting.  The NY Fed Open Market Desk will be in with 5 purchases  for as much as $12.5 bln.  Treasury will come with a package $99 bln in 2-, 5-,  and 7-year note supply in addition to the bill calendar." Trading is likely to  be most heavily influenced by technical factors and supply could cause  consession in the belly while Fed buys support bonds. "We like curve  flatteners."

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Stock market updates

buy LT 3800-3810 stop loss 3780 target 3835/3900/3950