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Showing posts with the label Bond Yields Closing Report.

Bond Yields Closing Report: US Treasury yields fall ahead of Trump's State of the Union speech

Silvia Amaro 4-5 minutes Economic activity in the non-manufacturing sector grew in January for the 108th consecutive month, the nation's purchasing and supply executives said Tuesday. The Institute for Supply Management Non-Manufacturing index registered 56.7 percent, 1.3 percentage points lower than the December reading of 58 percent. The New Orders Index registered 57.7 percent, 5 percentage points lower than the reading of 62.7 percent in December. President Donald Trump is due to address the Congress with his 2019 State of the Union Speech on Tuesday. Money managers will be looking for comments on trade and the broader U.S. economy. On Monday, the President had an "informal meeting" with Fed Chairman Jerome Powell , where both discussed "recent economic developments and the outlook for growth, employment and inflation." Trump, who nominated Powell to be Fed chairman, has been one of Powell's most vocal critics, blaming c

Bond Yields Closing Report: Treasury yields fall further after Fed vows 'patience' in monetary policy

Thomas Franck 2-3 minutes U.S. government debt yields fell further Thursday, a day after the Federal Reserve promised “patience” in making future monetary policy decisions. The yield on the benchmark 10-year Treasury note , which moves inversely to price, was lower at around 2.658 percent, while the yield on the 30-year Treasury bond was also lower at 3.017 percent. The 2-year note yield fell 5 basis points to 2.492 percent, still above the yield on the 5-year note at 2.468 percent. The moves in trade come after the Federal Reserve adopted a more cautious tone in the previous session. The U.S. central bank said it would be “ patient ” with further interest rate hikes, signalling a potential end to its tightening cycle amid signs of a possible economic downturn. The Fed also removed reference to “further gradual increases” to the federal funds rate in its statement and held its benchmark rate steady, a signal some market participants took

Bond Yields Closing Report: Treasury yields drop after Fed promises to be 'patient' with monetary policy

Thomas Franck 3-4 minutes U.S. government debt yields dropped on Wednesday after the Federal Reserve said it will be “patient” when making decisions about future monetary policy. The Fed also removed reference to “further gradual increases” to the federal funds rate in its statement, a signal some market participants took to mean that it may slow the pace of interest rate increases in 2019. In a separate release, FOMC members also mentioned the reduction to the central bank’s balance sheet. The committee issued a separate three-paragraph statement noting that “it is appropriate at this time to provide additional information regarding its plans to implement monetary policy over the long run.” Fed Chair Jerome Powell is hosting a press conference from Washington, D.C. At 2:34 p.m. ET, the yield on the benchmark 2-year Treasury note was up at 2.538 percent while the 10-year Treasury note yield was higher at around 2.706 percent. The yield on t

Bond Yields Closing Report: US Treasury yields slip ahead of Fed meeting

Silvia Amaro 1 minute U.S. Markets Overview: Treasurys chart TICKER COMPANY YIELD CHANGE %CHANGE US 3-MO U.S. 3 Month Treasury 2.423 0.00 0.00 US 1-YR U.S. 1 Year Treasury 2.591 -0.008 0.00 US 2-YR U.S. 2 Year Treasury 2.571 -0.02 0.00 US 5-YR U.S. 5 Year Treasury 2.542 -0.038 0.00 US 10-YR U.S. 10 Year Treasury 2.71 -0.034 0.00 US 30-YR U.S. 30 Year Treasury 3.041 -0.019 0.00 Market focus is largely attuned to global trade developments, after prospects for a long-awaited U.S.-China trade deal were dealt another setback. It comes after Washington leveled sweeping charges against Beijing’s telecom giant Huawei. Investors are also looking ahead to a speech by Federal Reserve Chairman Jerome Powell due Wednesday. The central bank is starting its two-day policy meeting on Tuesday. Market players are keen to understand if the Fed will slow down its hiking cycle this year. Source: CNBC

Bond Yields Closing Report: Treasury yields slip after Commerce Secretary offers bleak US-China trade outlook

Thomas Franck, Alexandra Gibbs 3 minutes U.S. government debt yields  slipped on Thursday after the U.S. Commerce Secretary said that Washington and Beijing are “miles and miles” away from a permanent trade agreement. The bleak outlook on the U.S.-China deliberations from Secretary Wilbur Ross added to growing concerns about a slowdown in global economic growth and spurred modest buying in the Treasury market. The yield on the benchmark 10-year Treasury note fell to 2.709 percent at 9:44 a.m. ET, while the yield on the 30-year Treasury bond  dropped to 3.032 percent. Bond yields move inversely to prices. U.S. Markets Overview: Treasurys chart TICKER COMPANY YIELD CHANGE %CHANGE US 3-MO U.S. 3 Month Treasury 2.374 -0.036 0.00 US 1-YR U.S. 1 Year Treasury 2.578 -0.013 0.00 US 2-YR U.S. 2 Year Treasury 2.564 -0.027 0.00 US 5-YR U.S. 5 Year Treasury 2.547 -0.044 0.00 US 10-YR U.S. 10 Year Treasury 2.714 -0.041 0.00 US 30-YR U.S. 30 Ye

Bond Yields Closing Report: Treasury yields drop as economic fears resurface amid political concerns

Thomas Franck, Alexandra Gibbs 4-5 minutes U.S. government debt yields fell on Tuesday as the U.S. government shutdown and trade fears between Washington and Beijing stoked fears of slower economic growth. The yield on the benchmark 10-year Treasury note fell about 4 basis points to 2.755 percent at 10:57 a.m. ET, while the yield on the 30-year Treasury bond dropped to 3.074 percent. Bond yields move inversely to prices. Appetite for government debt rose over the long Martin Luther King Jr. holiday weekend after David MacNaughton, Canada’s ambassador to the U.S., said that the U.S. has told Canada that it will request Huawei executive Meng Wanzhou be extradited.  Meng, the daughter of Huawei Technologies founder Ren Zhengfei, was arrested in Canada at the request of the United States over alleged violations of U.S. sanctions on Iran. Following the arrest, relations between China and the United States turned icy, a potential headwind to a per

Bond Yields Closing Report: Treasury yields rise as US-China trade talks continue

Sam Meredith 2-3 minutes Treasury yields rose on Tuesday as optimism that a U.S.-China trade deal could be in the works boosted risk sentiment. The yield on the benchmark 10-year Treasury note , which moves inversely to price, was higher at around 2.71 percent, while the yield on the 30-year Treasury bond was also higher at 2.9949 percent. U.S. Markets Overview: Treasurys chart Several officials from the world's two largest economies resume talks in a bid to end their ongoing trade dispute. U.S. Commerce Secretary Wilbur Ross told CNBC on Monday that both global powers could reach a settlement "they can live with, and that addresses all the key issues." China's Foreign Ministry previously said Beijing had "good faith" to work with Washington to reach an agreement before a March deadline. However, many analysts remain deeply skeptical about the likelihood of both sides brokering a comprehensive trade