Treasury Bills and Bonds Rates Review
The notice shows G-MO 10 percent T-BILLS at .01 and 30-YR T-BONDS at 3.16 percent, indicating market yields for government securities. It reflects a snapshot of official interest rate levels for short and long-term government debt instruments.
Market summary snapshot with stocks and funds data
S&P 500 at 1517 93 with other indices and fund quotes listed. Fidelity Selects names ComEquip GibBdAdv and Intl r show modest moves while Frank Temp funds display small changes.
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Facebook shares slide on revenue per user forecast
Facebook Inc. fell 5.5 percent to 28.11 on Nasdaq after predicting lower average revenue per user as it expands in Asia where ad spend is weaker. Other items note Speed Connect doubling Iowa bandwidth, ICN bid process, S P fraud suit, and Mount Mercy University plans.
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Facebook Inc
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Iowa
Nolte Chosen President of ICAD in Iowa City
Mark Nolte was named president of the Iowa City Area Development Group ICAD where he has served since 2007. The appointment places him at the helm of the local economic development agency guiding growth in Iowa City and surrounding area.
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FAA allows Boeing 787 test flights for more data
FAA will permit test flights of Boeing 787s to gather additional data. NTSB probes last month’s battery fire on a Japan Airlines 787 Dreamliner in Boston as authorities review the incident. Economic leaders in Warren County discuss casino development with residents and industry leaders. Iowa superiors approve a 4400 head hog confinement in Black Hawk County despite neighbor opposition.
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Corn stockpiles rise 5 percent as USDA shows larger surplus
U S corn inventories May rise to 632 million bushels by August 31 up from January forecast 602 million and below last year 989 million. The higher stockpile amid slowing demand drags corn futures down 16 percent from a late August peak benefiting hog and poultry processors and ethanol firms such as Archer Daniels Midland and Poet with potentially lower costs.
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