Week of June 24, 2012 thru June 30, 2012

Repeat: US 2012 TV Sales Down, Big-Screens Outperform


NEW YORK, June 22 (MNI) - Fewer U.S. consumers are buying televisions this year than last amid high flat-screen market penetration, but large-screen commerce is outperforming, TV retailers, manufacturers and industry experts said.

Super Speedy Traders Wonder If They'll Outrun Regulatory Noose


--Retransmitting Story Published 13:15 ET Friday

WASHINGTON (MNI) - Within 13 exchanges and a few dozen dark pools, the constant blizzard of high-frequency trades ricochet around the stock markets, and increasingly other markets as well, in an unfettered free-for-all that scares a lot of people in Washington -- and now Washington is returning the favor.

As the defenders of high frequency trading traipsed to Capitol Hill this week to make their case, on the other side of town regulators listened industry representatives report on progress in fashioning a working definition of automated high-speed trading.

US News Events Calendar


--Meetings & Events of Interest to Subscribers

DATE GMT / ET EVENT

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27-Jun 1530/1130 Chicago Federal Reserve Bank Pres. Charles Evans begins interview by wire service reporters.

28-Jun 1530/1130 Cleveland Federal Reserve Bank Pres. Sandra Pianalto speech to the bank's 2012 Policy Summit on Housing, Human Capital and Inequality, in Cleveland. http://www.clevelandfed.org/Community_Development/events/PS2012/index.cfm

28-Jun 1600/1200 Dallas Federal Reserve Pres.

US Debt Offering, Auction Calendar for Tsy and Agency Issues


June 22

Source: U.S. Treasury, Fannie Mae, Freddie Mac Amounts in billions of U.S.

US Debt Offering, Auction Calendar for Tsy and Agency Issues


June 22

Source: U.S. Treasury, Fannie Mae, Freddie Mac Amounts in billions of U.S.

Portfolios:DoubleLine Favrs Indus US IG;Sees More Bnk Dngrades


WASHINGTON (MNI) - With so many unknowns on the regulatory front, the growth front and the European crisis front, DoubleLine Capital remains worried about the financial sector, where it keeps an underweight and sees more troubles ahead.

FXWRAP: Dollar Mixed As Positions Lightened Ahead Of Weekend


NEW YORK, June 22 (MNI) - The dollar was holding slight losses against the euro and modest gains against the yen in quiet dealings Friday, the greenback lift driven by risk adjustment ahead of key events next week.

Euro-dollar was changing hands at $1.2562 in afternoon trading Friday, the euro just slightly above the early $1.2550 level of the day after traversing $1.2525-83 during sluggish U.S. dealings.

Dollar-yen meantime was changing hands at Y80.43, the dollar slightly advanced from its early Y80.30 starting level of the session and close to the upper reaches of the day's Y80.25-56 range.

Credit Default Swaps:Minor Narrowing,Bank Dngrades Not So Bad


CHICAGO, June 22 (MNI) - Credit Default Swaps were generally tighter Friday amid narrowing in peripheral markets and lower LIBOR sets as Moody's bank downgrades were not as bad as expected.

Late Thursday, Moody's downgraded 15 global banks, an event that was well advertised since February.

However, in the aftermath of the report, some said the downgrade was not as bad as some expected. Only one bank was downgraded more than expected and most were in line with expectations.

Morgan Stanley's rating come in a notch higher than expected, sources said. However, the bigger surprise was in the short term ratings outcome.

Credit Default Swaps:Minor Narrowing,Bank Dngrades Not So Bad


CHICAGO, June 22 (MNI) - Credit Default Swaps were generally tighter Friday amid narrowing in peripheral markets and lower LIBOR sets as Moody's bank downgrades were not as bad as expected.

Talk From The Trenches: Tired of Europe, Focus Back To USA


NEW YORK, June 22 (MNI) - The U.S. bond markets seemed to tune out the world Friday after a very exhausting week.