Closing Market Report 5/1/2017

May 1, 2017
The KUIK Closing Market Report for Monday, May 1:
 
Markets ended mixed.
 
Index Direction Change Units Index Time Change  
Dow Down                    (27) points         20,913 1:21 PM    
S&P500 Up 0.2% percent           2,388          4.13  
Nasdaq Composite Up 0.7% percent           6,092        44.00  
30 Year Treasury Up                       6 basis points            3.01 Annual Yield    
 
The Treasury Department said federal government expects to borrow $26 billion April through June. That’s $24 billion more than January’s projection. That assumes the government will end the quarter with $200 billion cash on hand.  During the January-March quarter, the Treasury borrowed $40 billion in net marketable debt and ended with a cash balance of $92 billion.
 
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
 
http://www.marketwatch.com/story/treasury-increases-quarterly-borrowing-estimate-shoots-higher-2017-05-01
 
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