Five-Year Note Auction Attracts Below Average Demand

Generac Holdings Continues Uptrend

Shares of Generac Holdings Inc. (GNRC) are trading more than 3 percent higher on Tuesday morning, continuing a bullish trend. The company announced the introduction of its new Generac Portable Power Station products on Monday.

Currently, shares are at 187.73, up 3.39 percent from the previous close of $181.58 on a volume of 1,384,685.

U.S. Pledges $457.5 Mln In New Civilian Security Assistance For Ukraine

The United States has pledged an additional $457.5 million in civilian security assistance to Ukraine.

The aid is to enhance the efforts of Ukrainian law enforcement and criminal justice agencies to improve their operational capacity and save lives as they continue to help defend the Ukrainian people, their freedom, and their democracy from the Kremlin’s brutal war of aggression, the State Department said in a statement.

With this, the total amount of civilian security assistance that the U.S. government has provided to Ukraine since December 2021 has reached $645 million. It had a positive impact on Ukrainian law enforcement and criminal justice partners, including the National Police of Ukraine (NPU) and State Border Guard Service.

The provision of personal protective equipment, medical supplies, and armored vehicles has significantly reduced casualties for Ukrainian civilians and their defenders, according to the State Department.

Ukrainian law enforcement officers remain resilient, motivated, and determined to carry out their wide-ranging law enforcement missions and support for innocent civilians in towns and cities facing continuous Russian shelling, it added.

In addition to expanding U.S. direct assistance to Ukrainian law enforcement, a portion of this new assistance will also continue U.S. support for the Ukrainian government’s efforts to document, investigate, and prosecute atrocities perpetrated by Russia’s forces during the ongoing attacks.

Carvana Stock Gains 5%

Shares of used-car e-commerce company Carvana Co. (CVNA) are gaining over 5% on Tuesday morning, breaking its downward trend.

CVNA is currently trading at $25.73, up $1.29 or 5.28%, on the NYSE. The stock has dropped over 25% in the month-to-date period. In the year-to-date period Caravan stock has nearly lost 90% of its market value. It has traded between $19.45 and $316.91 in the past 52-week period.

Carvana operates an e-commerce platform for buying and selling used cars in the United States. The company’s platform allows customers to research and identify a vehicle; inspect it using company’s 360-degree vehicle imaging technology; obtain financing and warranty coverage; purchase the vehicle; and schedule delivery or pick-up from their desktop or mobile devices.

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Avenue Therapeutics Spikes 168%

Avenue Therapeutics, Inc. (ATXI) shares are surging more than 168 percent on Tuesday morning trade. The stock was down after the announcement of a reverse stock split on Thursday, however, it reversed the trend from Friday. There were no corporate announcements to influence the stock movement on the day.

Currently, shares are at $9.46, up 168.64 percent from the previous close of $3.52 on a volume of 26,841,409.

German Exporters’ Expectations Fall To 28-Month Low : Ifo

Confidence among German exporters deteriorated further in September to reach its lowest level in more than two years and the trend is likely to continued amid a slowdown in the global economy, survey results from the ifo Institute showed on Tuesday.

The ifo Export Expectations index slipped to -6.0 points from -2.8 points in August. This was the lowest score since May 2020. The index fell for the fourth month in a row.

“There is currently no sign of growth in exports and, as the global economy is slowing, there is also no reason to expect any major change in the medium term,” ifo Institute President Clemens Fuest said.

Export expectations fell across all manufacturing industries. The chemical and furniture manufacturers indicated the most negative expectations.

For the next three months, the metal industry has become considerably more pessimistic about exports.

Meanwhile, beverage and automotive manufacturers expect a rise in exports in the coming months.

PBF Energy Gains 6%

PBF Energy Inc. (PBF) shares are progressing more than 6 percent on Tuesday morning trade. There were no corporate announcements on the day to influence the stock movement.

Currently, shares are at $31.58, up 5.80 percent from the previous close of $29.85 on a volume of 1,560,762.

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Tiny Love Stories: ‘I Blamed My Anxiety’

Modern Love in miniature, featuring reader-submitted stories of no more than 100 words.

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Five-Year Note Auction Attracts Below Average Demand

Continuing this week’s series of announcements of the results of its long-term securities auctions, the Treasury Department revealed Tuesday that this month’s auction of $44 billion worth of five-year notes attracted below average demand.

The five-year note auction drew a high yield of 4.228 percent and a bid-to-cover ratio of 2.27.

The Treasury sold $45 billion worth of five-year notes last month, drawing a high yield of 3.230 percent and a bid-to-cover ratio of 2.30.

The bid-to-cover ratio is a measure of demand that indicates the amount of bids for each dollar worth of securities being sold.

The ten previous five-year note auctions had an average bid-to-cover ratio of 2.42.

On Monday, the Treasury revealed this month’s auction of $43 billion worth of two-year notes also attracted modestly below average demand.

The Treasury is due to finish off this week’s series of announcements of auction results on Wednesday, revealing the results of this month’s auction of $36 billion worth of seven-year notes.