Treasuries are trading in a mixed fashion. The 10-year treasury is now trading at its highest level since November 17, up 0.42% yields at 3.85. The 30-year treasury yields at 4.61, highest since August 13, 2008.
The 3-month T-bill is yielding 0.145, down 9.37%.
The 5 year note index (FVX) is at 29.04, up 1.79% where the 10 year note index (TNX) is trading lower at 38.54, down 0.21%.
Monday, June 8, 2009
Intraday
At this hour of trading S&P is trying fresh day-lows. It is at 927.95. All the sectors are still trading with moderate losses. Material Sector is still the worst performer, down 2.43%. Consumer Discretionary -1%, Consumer Staples -0.68%, Energy -1.96%, Financial 0.2%, Health Care -2.02%, Industrial -1.61%, Technology -2.24% and Utilities -1.4%.
Opening Bell
The Markets started the day with a heavy selling pressure. S&P 500 shed 10 points, over 1%, in the first 15 minutes of trading. Although all the sectors of S&P is trading in red, the main selling pressure is coming from materials and technology, down 1.85% and 1.69% respectively.
Crude oil is also trading lower at the New York stock exchange. It is last quoted at $68.01 a barrel. Gold and Silver could not escape from the broad selling pressure, down 1% and 2.56% last quoted at $946.25 and $14.83 an ounce respectively.
All the European bourses had a choppy day as well. Britain's FTSE shed 1.24%, Germany's DAX slid 1.54% and France's CAC 40 lost 1.68%.
At this hour S&P 500 found support at 928.76. Dow Jones is also showing support 8646.14.
CBOE V0volatility index (VIX) is once again over 30 range, last changed hands at 31.01.
This is a very interesting month in terms of options trading. Triple witching, which is a term used because of the simultaneous expirations for those of three different securities: Stock index futures, stock market index options and stock options, will be on the watch. Mainly, at the final hour of the trading day, on Friday the 19th between 2-4.30pm, the markets get quite volatile. The direction of the market is never clear. It is quite interesting phenomena to witness.
Generally, markets correct themselves on the following Monday.
Crude oil is also trading lower at the New York stock exchange. It is last quoted at $68.01 a barrel. Gold and Silver could not escape from the broad selling pressure, down 1% and 2.56% last quoted at $946.25 and $14.83 an ounce respectively.
All the European bourses had a choppy day as well. Britain's FTSE shed 1.24%, Germany's DAX slid 1.54% and France's CAC 40 lost 1.68%.
At this hour S&P 500 found support at 928.76. Dow Jones is also showing support 8646.14.
CBOE V0volatility index (VIX) is once again over 30 range, last changed hands at 31.01.
This is a very interesting month in terms of options trading. Triple witching, which is a term used because of the simultaneous expirations for those of three different securities: Stock index futures, stock market index options and stock options, will be on the watch. Mainly, at the final hour of the trading day, on Friday the 19th between 2-4.30pm, the markets get quite volatile. The direction of the market is never clear. It is quite interesting phenomena to witness.
Generally, markets correct themselves on the following Monday.
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