Consumer Credit & Market Observations 08/07/06
In our top story tonight, the leader of al-Qaida in Iraq, Abu Musab al-Zarqawi, is STILL dead and someone else has taken his place.
BP on Sunday began closing the spigot and tightening the screws on consumers after discovering a spill at the nation's largest field, Alaska's Prudhoe Bay; which pumps 400K bpd of crude, or 8% of domestic output.
The price of crude jumped 3% to over $77 a barrel, London Brent Crude hit an all time high $78.20. DJTA punked to the downside for the 7th out of 10 sessions.
June Consumer Credit +$10.3B vs prior +$5.9B; $21B 3 year bill auction: a strong bid to cover 2.14; indirect bid 25.8%; high yield 4.898%. WEN $13B in 10 year notes; THU $10B in 30 year bonds.
Tomorrows FOMC announcement awaits. Status quo pulls the market down, pause or indication of impending pause jags the market to the upside.
Keep it tween da ditches, we take it day by day and keep our eyes peeled to the sky, because it could be a name brand that pancakes us. Just my opinion, I could be wrong, this is The Nattering Naybob and your NOT!!!
BP on Sunday began closing the spigot and tightening the screws on consumers after discovering a spill at the nation's largest field, Alaska's Prudhoe Bay; which pumps 400K bpd of crude, or 8% of domestic output.
The price of crude jumped 3% to over $77 a barrel, London Brent Crude hit an all time high $78.20. DJTA punked to the downside for the 7th out of 10 sessions.
June Consumer Credit +$10.3B vs prior +$5.9B; $21B 3 year bill auction: a strong bid to cover 2.14; indirect bid 25.8%; high yield 4.898%. WEN $13B in 10 year notes; THU $10B in 30 year bonds.
Tomorrows FOMC announcement awaits. Status quo pulls the market down, pause or indication of impending pause jags the market to the upside.
Keep it tween da ditches, we take it day by day and keep our eyes peeled to the sky, because it could be a name brand that pancakes us. Just my opinion, I could be wrong, this is The Nattering Naybob and your NOT!!!
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