Wednesday, January 21, 2015

THURSDAY 1/22/15; ECB Rate Decision and President Draghi Press Conference; ECB Announces 1.1 Trillion Euro ($1.3 Trillion) Open-Ended QE Program; Europe and US Stocks Rally; BBT: KEY; CY; JCI; LUV; TRV; UAL; UNP; VZ; COF; GHL; SBUX; SWKS; BOX IPO

Aussie indexes run higher boosted by oil and energy stocks. The SPASX200 is up +0.7% in early trading while US traders enjoy Wednesday evening. Aussie dollar 0.8090.  The dollar/yen moves above 118 to 118.05 while the euro is at 1.16. The Canadian dollar is 1.2328 near a six-year low after the surprise BOC rate cut yesterday. WTIC oil 47.29. Brent oil 48.75. Gold 1291. Silver 18.11. Copper 2.60.

US Treasury yields are on a roller coaster ride over the last day; 2-year 0.51%, 5-year 1.35%, 10-year 1.87%, 30-year 2.46%. The 2-10 spread steepens to 136 bips.

The NIKK begins trading bouncing +0.3% since the dollar/yen moves above 118 (weaker yen). 

























































[Text is Redacted: Purchase January 2015-01 to Read the Complete Chronology]



































The much-awaited storage company Box IPO prices at $14 above the $11 to $13 range. Traders are tripping over each other to buy the hot new offering. BOX debuts for trading tomorrow on the NYSE.

US Treasury yields are; 2-year 0.52%, 5-year 1.37%, 10-year 1.87%, 30-year 2.44%. 

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