Treasury Note

Daily Market Commentary for May 27, 2009

Bond yields shot higher this afternoon with the yield on the 10-year Treasury note rocketing to nearly 3.7% from 3.5% on Tuesday and 2.24% on December 31.(read more at Millennium-Traders.Com)

Economic data released today:

Redbook:
U.S. Retail Sales fell 0.5% for week end of May 23 versus a year ago; U.S. Retail Sales for first 3 Weeks in May fell 0.2% versus May a year ago; U.S. Retail Sales first 3 Weeks in May fell 0.4% versus April reading.

ICSC/Goldman Sachs Chain Store Sales:
U.S. ICSC/Goldman Sachs Chain Store Sales rose 0.5% on the year; U.S. ICSC/Goldman Sachs Chain Store Sales rose 0.8% in week of May 23.

MBA Mortgage Applications:
U.S. MBA Refinance Index fell 18.9% at 3890.4 compared to last week reading of 4794.4; U.S. MBA Purchase Index rose 1.0% at 256.6 compared to last week reading of 254; U.S. MBA Market Index fell 14.2% at 786 compared to last week reading of 915.9.

Existing Home Sales:
U.S. April Existing Home Sales rose 2.9% to 4.68M rate; U.S. April Existing Home Sales Consensus came in at 4.67M rate; U.S. Inventory of Unsold U.S. Homes at 10.2 months supply; U.S. April Median Existing Home Price fell 15.4% on the year to $170,200.

At the NYSE closing bell on the New York Stock Exchange, here is how the major world indices and major U.S. stock indices ended the trading session on the world markets as well as the emerging markets including the stock market closing bell price:
DOW (Dow Jones Industrial Average) triple digit loss 173.47 points, EOD 8,300.02
NYSE (New York Stock Exchange) triple digit loss 112.95 points, EOD 5,823.63
National Association of Securities Dealers Automated Quotations (NASDAQ) loss 19.35 points, EOD 1,731.08
S&P 500 (SPX) loss 17.27 points, EOD 893.06
BEL 20 (BEL20) gain 18.93 points, EOD 2,084.52
CAC 40 (CAC40) gain 24.77 points, EOD 3,294.86
FTSE100 (UKX100) gain 4.51 points, EOD 4,416.23
NIKKEI 225 (NIK/O) gain 54.35 points, EOD 9,344.64 Closed

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 946, declined stock prices 2,147, unchanged stock prices 80, stock prices hitting new highs 15 and stock prices hitting new lows 6. NYSE quotes for volatile stocks and market trends, as well as stock quotes, stock prices and stock symbols of Day Trading Stock Picks on the New York Stock Exchange stock market for Day Trading online and active Day Trading for those who are or would like to be Day Trading for a living: SKF gain 2.68 points, HOD $44.43, LOD $42.13, EOD $45.49; DCI shed 0.96 points, HOD $33.74, LOD $31.16, EOD $32.31; RTP shed 6.39 points, HOD $178.43, LOD $170.10, EOD $170.40; PNC shed 1.14 points, HOD $44.50, LOD $40.96, EOD $41.11; ICE gain 0.40 points, HOD $105.97, LOD $101.37, EOD $102.48; CME shed 6.03 points, HOD $309.88, LOD $300, EOD $298.50; POT shed 4.58 points, HOD $117.79, LOD $112.63, EOD $112.87.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 967, declined stock prices 1,792, unchanged stock prices 123, stock prices hitting new highs 38 and stock prices hitting new lows 10. NASDAQ quotes, volatile stocks and market trends, as well as stock quotes, stock prices and stock symbols of Day Trading Stock Picks on the NASDAQ stock market for Day Trading online and active Day Trading for those who are or would like to be Day Trading for a living: BIDU gain 2.84 points, HOD $254.98, LOD $245.64, EOD $250.20; FSLR gain 0.99 points, HOD $186.25, LOD $177.67, EOD $180.50; ISRG shed 2.62 points, HOD $148.24, LOD $141.97, EOD $142.68.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 243, declined stock prices 292, unchanged stock prices 55, stock prices hitting new highs 12 and stock prices hitting new lows 4.

Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) June 09: EOD 891.50; Change -17.25
E-mini NASDAQ-100 (NQ) June 09: EOD 1,400.25; Change -10.50
E-mini DOW $5 (YM) June 09: EOD 8,290; Change -171
E-mini S&P MidCap 400 (MF) June 09: EOD 561.40; Change -8.90
Nikkei 225 (Yen) June 09; EOD 9,335; Change -160

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7201 to U.S. Dollars 1.3886
Japanese Yen 95.20 to U.S. Dollars 0.0105
British Pound 0.6249 to U.S. Dollars 1.6003
Canadian Dollar 1.1194 to U.S. Dollars 0.8933
Swiss Franc 1.0882 to U.S. Dollars 0.9189

COMMODITY MARKETS:

Energy Sector - Nymex:
Light Crude (July 09) gain $1.00, EOD $63.45 per barrel ($US per barrel)
Heating Oil (July 09) gain $0.02, EOD $1.59 a gallon ($US per gallon)
Natural Gas (July 09) shed $0.01, EOD $3.64 per million BTU ($US per mmbtu.)
Unleaded Gas (June 09) gain $0.04, EOD $1.89 a gallon ($US per gallon)

Metals Markets - Comex:
Gold (August 09) gain $0.10, EOD $955.20 ($US per Troy ounce)
Silver (July 09) gain $0.27, EOD $14.87 ($US per Troy ounce)
Platinum (July 09) gain $1.30, EOD $1,141.10 ($US per Troy ounce)
Copper (July 09) shed $0.02, EOD $2.12 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (July 09) shed 0.55, EOD 66.63
Pork Bellies (July 09) gain 0.23 EOD 72.65
Live Cattle (August 09) shed 0.73, EOD 83.10
Feeder Cattle (August 09) shed 0.15, EOD 102.43

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (July 09) shed 1.50, EOD 426
Soybeans (July 09) gain 1.50, EOD 1,187

BOND MARKET:
2 year EOD 99 26/32, change -3/32, Yield 0.95, Yield change 0.03
5 year EOD 97 19/32, change -13/32, Yield 2.39, Yield change 0.09
10 year EOD 95 5/32, change -1 9/32, Yield 3.71, Yield change 0.16
30 year EOD 94 6/32, change -1 26/32, Yield 4.60, change 0.11

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