Econoday RSS Generator premium.econoday.com/getrss.asp?cust=mam Econoday Economic News en webmaster@econoday.com ©2012 Econoday Thu, 17 May 2012 05:02:00 GMT http://www.econoday.com/graphics/nav/home_big3.jpg http://www.econoday.com/ Econoday Highlights
A convincing move lower for initial claims would seal early expectations for a strong May employment report. ]]> info@econoday.com Thu, 17 May 2012 GMT Econoday Definition
Settlement is also called issuance. In general for securities, the settlement date is the date by which an executed securities transaction must be settled, with the buyer paying for the purchase and the seller delivering the asset that was sold. For Treasury securities, on settlement day, the Treasury delivers securities to bidders who were successfully awarded securities in a particular auction. In exchange, Treasury charges the accounts of those bidders for payment of the securities. Please check auctions of individual securities for more details. ]]> info@econoday.com Thu, 17 May 2012 GMT Econoday ]]> info@econoday.com Thu, 17 May 2012 GMT Econoday PreviousConsensusConsensus RangeNew Claims - Level367 K365 K360 K to 375 K
Consensus Notes
Initial jobless claims in the May 5 week edged lower to 367,000 following the prior week's slightly revised 368,000. These mark a return to the 360,000 levels in March. The four-week average illustrates the improvement, down for the first time in five weeks to show a sizable 5,250 decrease to 379,000. Continuing claims are extending their long contraction, down 61,000 in the data for the April 28 week to 3.229 million. The four-week average is down 11,000 to 3.290 million. ]]> info@econoday.com Thu, 17 May 2012 12:30:00 GMT Econoday Definition
The Bloomberg Consumer Comfort Index is a weekly, random-sample survey tracking Americans' views on the condition of the U.S. economy, their personal finances and the buying climate. The survey was formerly sponsored by ABC News since 1985. ]]> info@econoday.com Thu, 17 May 2012 13:45:00 GMT Econoday PreviousConsensusConsensus RangeGeneral Business Conditions Index - Level8.5 10.0 5.0  to 13.0 
Consensus Notes
The general business conditions index of the Philadelphia Fed's Business Outlook Survey continued relatively steady at 8.5 in April, over zero to indicate monthly growth but a bit under March's 12.5 level to indicate a slowing rate of growth. Growth was quite slow for new orders as the index came in at 2.7 versus 3.3 in March. Six-month outlook readings were steady and strong and were led by increasing expectations for future employment gains. The six-month outlook index for general business activity rose to 33.8 from 32.9. ]]> info@econoday.com Thu, 17 May 2012 14:00:00 GMT Econoday Definition
E-commerce sales are sales of goods and services where an order is placed by the buyer or price and terms of sale are negotiated over the Internet, an extranet, Electronic Data Interchange (EDI) network, or other online system. Payment may or may not be made online. Retail e-commerce sales are estimated from the same sample used for the Monthly Retail Trade Survey (MRTS) to estimate preliminary and final U.S. retail sales. Advance U.S. retail sales are estimated from a subsample of the MRTS sample that is not of adequate size to measure changes in retail e-commerce sales. ]]> info@econoday.com Thu, 17 May 2012 14:00:00 GMT Econoday PreviousConsensusConsensus RangeLeading Indicators - M/M change0.3 %0.1 %0.0 % to 0.3 %
Consensus Notes
The Conference Board's index of leading indicators gained 0.3 percent in March, following a 0.7 percent boost the prior month. The March index was led, as it often has during the Fed's zero-rate policy, by the spread between short and long rates. But signals outside this factor were also positive especially growth underway in building permits -- which is an important and hopeful signal of badly needed recovery for the housing sector. Current economic growth has been steady, according to the coincident index with gains of 0.2 percent in each of the two latest months. ]]> info@econoday.com Thu, 17 May 2012 14:00:00 GMT Econoday Definition
The Energy Information Administration (EIA) provides weekly information on natural gas stocks in underground storage for the U.S., and three regions of the country. The level of inventories helps determine prices for natural gas products. ]]> info@econoday.com Thu, 17 May 2012 14:30:00 GMT Econoday Definition
Treasury bills are sold at public auctions every week. The 3-month bill is also known as the 13-week bill. Competitive bids at these auctions determine the interest rate paid on each issue. A group of securities dealers, known as primary dealers, are authorized and obligated to submit competitive tenders at Treasury auctions. Dealers can hold the bills, resell the bills to their clients or trade them with other securities firms. Typically, the New York Fed approves about 20 securities firms to be primary dealers but that number dropped sharply during the recent financial crisis as some were merged into other firms or went bankrupt. The Fed has been rebuilding that number regularly and the latest list can be found here: http://www.newyorkfed.org/markets/pridealers_current.html Since these are public auctions, the Treasury must announce the size, date and time of the auction every week. Three-month bills are announced on Thursday for auction the following Monday and are issued (settled) on Thursday. If a Monday is a banking holiday, the bills are auctioned on Tuesday. (Department of the Treasury) ]]> info@econoday.com Thu, 17 May 2012 15:00:00 GMT Econoday Definition
Treasury bills are sold at public auctions every week. The 6-month bill is also known as the 26- week bill. Competitive bids at these auctions determine the interest rate paid on each issue. A group of securities dealers, known as primary dealers, are authorized and obligated to submit competitive tenders at Treasury auctions. Dealers can hold the bills, resell the bills to their clients or trade them with other securities firms. Typically, the New York Fed approves about 20 securities firms to be primary dealers but that number dropped sharply during the recent financial crisis as some were merged into other firms or went bankrupt. The Fed has been rebuilding that number regularly and the latest list can be found here: http://www.newyorkfed.org/markets/pridealers_current.html Since these are public auctions, the Treasury must announce the size, date and time of the auction every week. Six-month bills are announced on Thursday for auction the following Monday and issued (settled) on Thursday. If a Monday is a banking holiday, the bills are auctioned on Tuesday. (Department of the Treasury) ]]> info@econoday.com Thu, 17 May 2012 15:00:00 GMT Econoday Definition
Treasury notes are sold at regularly scheduled public auctions. The competitive bids at these auctions determine the interest rate paid on each Treasury note issue. A group of securities dealers, known as primary dealers, are authorized and obligated to submit competitive tenders at Treasury auctions. Dealers can hold the bills, resell the bills to their clients or trade them with other securities firms. Typically, the New York Fed approves about 20 securities firms to be primary dealers but that number dropped sharply during the recent financial crisis as some were merged into other firms or went bankrupt. The Fed has been rebuilding that number regularly and the latest list can be found here: http://www.newyorkfed.org/markets/pridealers_current.html (Department of the Treasury) ]]> info@econoday.com Thu, 17 May 2012 15:00:00 GMT Econoday Definition
Treasury notes are sold at regularly scheduled public auctions. The competitive bids at these auctions determine the interest rate paid on each Treasury note issue. A group of securities dealers, known as primary dealers, are authorized and obligated to submit competitive tenders at Treasury auctions. Dealers can hold the bills, resell the bills to their clients or trade them with other securities firms. Typically, the New York Fed approves about 20 securities firms to be primary dealers but that number dropped sharply during the recent financial crisis as some were merged into other firms or went bankrupt. The Fed has been rebuilding that number regularly and the latest list can be found here: http://www.newyorkfed.org/markets/pridealers_current.html The Treasury announces the amount, date and time of the 5-year note auction monthly. The 5-year notes are announced around the third week of the month (usually on Thursday) and then auctioned the following week. In all cases, the 5-year notes are issued (settled) on the last day of the month, unless it falls on a weekend or holiday, and then they are issued on the next business day. (Department of the Treasury) ]]> info@econoday.com Thu, 17 May 2012 15:00:00 GMT Econoday Definition
Treasury notes are sold at regularly scheduled public auctions. The competitive bids at these auctions determine the interest rate paid on each Treasury note issue. A group of securities dealers, known as primary dealers, are authorized and obligated to submit competitive tenders at Treasury auctions. Dealers can hold the bills, resell the bills to their clients or trade them with other securities firms. Typically, the New York Fed approves about 20 securities firms to be primary dealers but that number dropped sharply during the recent financial crisis as some were merged into other firms or went bankrupt. The Fed has been rebuilding that number regularly and the latest list can be found here: http://www.newyorkfed.org/markets/pridealers_current.html The Treasury announces the amount, date and time of the 7-year note auction monthly. The 7-year notes are announced around the third week of the month (usually on Thursday) and then auctioned the following week. In all cases, the 7-year notes are issued (settled) on the last day of the month, unless it falls on a weekend or holiday, and then they are issued on the next business day. (Department of the Treasury) ]]> info@econoday.com Thu, 17 May 2012 15:00:00 GMT Econoday ]]> info@econoday.com Thu, 17 May 2012 16:35:00 GMT Econoday Definition
The Treasury sells inflation-indexed securities, also known as TIPS, at regularly scheduled auctions. Competitive bids at these single-price auctions determine the interest rate paid on each issue, which remains fixed. A group of securities dealers, known as primary dealers, are authorized and obligated to submit competitive tenders at Treasury auctions. Dealers can hold the bills, resell the bills to their clients or trade them with other securities firms. Typically, the New York Fed approves about 20 securities firms to be primary dealers but that number dropped sharply during the recent financial crisis as some were merged into other firms or went bankrupt. The Fed has been rebuilding that number regularly and the latest list can be found here: http://www.newyorkfed.org/markets/pridealers_current.html The Treasury announces the amount, date and time of the 10-year TIPS auction four times a year: January, April, July and October. The 10-year TIPS are usually announced at the beginning of January and July. The April and October announcement calls for a reopening of the previously issued security. In each of the aforementioned months, 10-year TIPS are auctioned in the second week of the month. These TIPS are issued on the 15th of the month; if it falls on a weekend or holiday, then they are issued (settled) on the next business day. ]]> info@econoday.com Thu, 17 May 2012 17:00:00 GMT Econoday Definition
The Fed's balance sheet is a report showing factors supplying reserves into the banking system and factors absorbing (using) reserve funds. Essentially, the balance sheet shows the various Fed programs for injecting liquidity into the economy and how much the Fed has used each for adding or withdrawing reserves. This report is called Factors Affecting Reserve Balances - or the "H.4.1" report using Fed jargon. ]]> info@econoday.com Thu, 17 May 2012 20:30:00 GMT Econoday Definition
The monetary aggregates are alternative measures of the money supply by degree of liquidity. Changes in the monetary aggregates indicate the thrust of monetary policy as well as the outlook for economic activity and inflationary pressures. ]]> info@econoday.com Thu, 17 May 2012 20:30:00 GMT