| The KUIK Morning Market Report for Tuesday, June 11: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (108) | points | 15,131 | 7:02 AM | ||
| S&P500 | Down | -0.80% | percent | 1,630 | (13.18) | points | |
| Nasdaq Composite | Down | -0.84% | percent | 3,444 | (30.00) | points | |
| 30 Year Treasury | Up | 0 | Basis Points | 3.38 | Annual Yield | ||
| Small-business sentiment rose in May to the highest level in a year. The National Federation of Independent Business said its small-business optimism index rose 2.3 points to 94.4 in May, which also is the second-highest level since the recession. Of the 10 components, 8 rose, led by a 10-point jump in the “expect economy to improve” category, which still is a net negative 5%. When asked the top business problem, 24% cited taxes, 23% said regulations and red tape, 16% said weak sales and 2% said financing or access to credit. | |||||||
| Treasurys continue to sell off today, extending a two-day price drop that sent yields higher ahead of a series of auctions. The benchmark 10-year note yield traded 5.5 basis points higher at 2.269%. The Treasury Department will sell $32 billion in 3-year notes Tuesday, $21 billion in 10-year notes Wednesday and $13 billion in 30-year bonds Thursday. Treasury prices, which have been dropping after last Friday’spayrolls report, continue to fall today after the Bank of Japan said it would leave its bond-purchase policy unchanged. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/nfib-small-business-optimism-hits-one-year-peak-2013-06-11 | |||||||
| http://www.marketwatch.com/story/treasurys-extend-fall-ahead-of-new-supply-2013-06-11?dist=markets | |||||||
| For today’s Morning Market Report click to listen-> | |||||||