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Showing posts with the label Bond Yields Report

Bonds I Bond Yields Report on Tuesday 18, June 2019 I Bond yields bounce off multiyear lows after Trump tweets he'll meet with China's Xi

Thomas Franck 4-5 minutes The yield on the benchmark 10-year Treasury note fell to its lowest level since September 2017 on Tuesday as the Federal Reserve began its two-day policy meeting and European Central Bank President Mario Draghi promised further stimulus if inflation doesn’t meet its target in the euro zone. Yields moved off their lows later Tuesday morning after President Donald Trump tweeted that he will be meeting with China’s Xi Jinping at the G-20 summit next week. By 3:10 p.m. ET, the yield on the benchmark 10-year Treasury note had fallen to 2.06%, off a 20-month low of 2.016% hit earlier in the session. The yield on the 2-year Treasury note rose to 1.866% while the rate on the 3-month bill hovered at 2.22%. While the Fed is expected to leave the key interest rates unchanged in its June meeting, many expect the Chair Jerome Powell to telegraph easier monetary policy ahead during Wednesday’s press conference. His comments at 2:30 p.m. ET

Bonds | Bond Yields Report on Tuesday 30, May 2019 | Treasury yields fall into the red as May decline continues

Thomas Franck 3 minutes Long-term U.S. government debt yields reversed an early climb Thursday and fell into the red in afternoon trading as investor angst over the state of the global economy rekindled demand for safer assets. At around 2:47 p.m. ET, the yield on the benchmark 10-year Treasury note , which moves inversely to price, was lower at around 2.225%, off a 20-month low of 2.21% hit on Wednesday. A portion of the yield curve remained inverted as the yield on the 3-month Treasury bill held rose to 2.372%. The 2-year rate slipped to 2.067%. Under normal market conditions, those that buy debt from the U.S. government for years are compensated with better interest rates than those who loan money for a matter of months. That usual upward yield curve can sometimes “invert” downward if traders think future output growth is likely to fall. The most recent angst about the economic outlook, for example, has sparked purchases of

Bonds | Bond Yields Report on Tuesday 29, 2019 | Bond flash economic warning as 3-month yield tops 10-year rate by most since financial crisis

Thomas Franck 4 minutes Long-term government debt yields fell further below rates on short-term notes and bills during Wednesday’s session, an unusual bond market phenomenon often heralded on Wall Street as a recession prognosticator. The yield curve inversion between the 3-month Treasury bill and the 10-year note widened to its deepest level since the financial crisis, with investors now expecting a 10 basis point premium for holding 3-month bills over 10-year notes. The 3-month bill yield rose to 2.362% while the 10-year note yield dropped to 2.26%, off its lowest since September 2017 notched earlier in the session. The yield curve is sending a warning about economic growth in the United States and the world, many investors and economists believe. Under normal market conditions, those that buy debt from the U.S. government for years are compensated with better interest rates than those who loan money for a matter of months. Th

Bonds | Bond Yields Report on Tuesday 28, May 2019 | 10-year Treasury yield drops to 19-month low as trade fights threaten US growth

Thomas Franck 4-5 minutes The yield on the benchmark 10-year Treasury note fell to a 19-month low Tuesday as Wall Street grew more certain that the U.S.-China trade war will last longer and afflict GDP growth more than first thought. At around 3:33 p.m. ET, the yield on the benchmark 10-year Treasury note , which moves inversely to price, was lower at around 2.264%, off a 19-month low hit earlier in the session. The yield on the 30-year Treasury bond yield traded at 2.705%, off its lowest level since 2017; the 2-year Treasury note yielded 2.127%. The 3-month Treasury bill yielded 2.356%, keeping a portion of the yield curve inverted. The German 10-year bund yield hit a low of -0.163%, its lowest level since Sept. 30, 2016. The U.S. bond market was closed Monday in observance of Memorial Day. President Donald Trump said from Japan on Monday the U.S. was “not ready” to make a deal with China, adding to recent investor angst that th

Bonds I Bond Yields Report I 10-year yield falls to lowest level since 2017 as traders prepare for long trade battle

Thomas Franck 4-5 minutes The yield on the 10-year Treasury note fell Thursday to its lowest level since 2017 as Wall Street became more nervous that the U.S.-China trade war could drag on longer than expected. At around 1 p.m. ET, the yield on the benchmark 10-year Treasury note  fell 9 basis points to 2.308%, its lowest level since Nov. 8, 2017. The yield on the 30-year Treasury bond dropped 8 basis points to 2.742%, its lowest level since December 2017. Both the 2-year Treasury note yield and the 5-year Treasury note yield fell 10 basis points Thursday. Yields extended their declines after financial data firm IHS Markit said the U.S. manufacturing Purchasing Managers Index fell to 50.6 in May, the lowest reading since September 2009. “Growth of business activity slowed sharply in May as trade war worries and increased uncertainty dealt a further blow to order book growth and business confidence,” said Chris Williamson, Markit’

Bonds | Bond Yields Report | US Treasury yields decline amid trade war risk to economy, Fed minutes

Thomas Franck 3 minutes U.S. government debt yields held  lower Wednesday amid trade war angst and after the  Federal Reserve ’s meeting minutes showed members willing to postpone rate decisions “for some time.” At around 2:11 p.m. ET, the yield on the benchmark 10-year Treasury note , which moves inversely to price, was lower at around 2.391%, while the yield on the 30-year Treasury bond was also lower at around 2.815%. Rates held steady after the Federal Reserve’s latest meeting minutes revealed officials committed to “patient” monetary policy in the near term. Minutes from the May 1-2 Federal Open Market Committee meeting also showed that Fed members raised their expectations for full-year economic growth and said earlier concerns about a slowdown had faded. “Members observed that a patient approach to determining future adjustments to the target range for the federal funds rate would likely remain appropriate for some time, especially in an environment o

Bonds | Bond Yields Report | US Treasury yields tick higher ahead of Fed minutes

Thomas Franck 2-3 minutes U.S. government debt yields rose Tuesday as investors monitor the latest batch of economic data reports and Treasury auctions. U.S. Markets Overview: Treasurys chart TICKER COMPANY YIELD CHANGE %CHANGE US 3-MO U.S. 3 Month Treasury 2.393 0.002 0.00 US 1-YR U.S. 1 Year Treasury 2.372 0.027 0.00 US 2-YR U.S. 2 Year Treasury 2.262 0.039 0.00 US 5-YR U.S. 5 Year Treasury 2.231 0.028 0.00 US 10-YR U.S. 10 Year Treasury 2.432 0.018 0.00 US 30-YR U.S. 30 Year Treasury 2.848 0.013 0.00 At around 3:29 p.m. ET, the yield on the benchmark 10-year Treasury note , which moves inversely to price, was higher at around 2.43%, while the yield on the 30-year Treasury bond was also up at around 2.845%. Market participants are likely to closely monitor speeches from policymakers at the U.S. central bank . Chicago Fed President Charles Evans and Boston Fed President Eric Rosengren are both set to comment on the world’s

Bonds | Bond Yields Report | US Treasury yields stable ahead of big week for Fed comments

Thomas Franck 2-3 minutes U.S. government debt yields rose  Monday as U.S.-China relations remained chilled after Washington cracked down on Chinese telecommunications giant Huawei and investors awaited minutes from the Federal Reserve’s latest meeting. U.S. Markets Overview: Treasurys chart TICKER COMPANY YIELD CHANGE %CHANGE US 3-MO U.S. 3 Month Treasury 2.382 -0.011 0.00 US 1-YR U.S. 1 Year Treasury 2.345 0.007 0.00 US 2-YR U.S. 2 Year Treasury 2.221 0.019 0.00 US 5-YR U.S. 5 Year Treasury 2.205 0.027 0.00 US 10-YR U.S. 10 Year Treasury 2.417 0.024 0.00 US 30-YR U.S. 30 Year Treasury 2.838 0.014 0.00 At around 3:19 p.m. ET, the yield on the benchmark 10-year Treasury note , which moves inversely to price, was higher at around 2.414%, while the yield on the 30-year Treasury bond was also higher at around 2.834%. Market participants are likely to closely monitor a flurry of speeches from policymakers at the U.S. central

Bonds I Bond Yields Report on May 16, 2019 I Treasury yields rise after US economic data tops estimates

Thomas Franck, Spriha Srivastava 2 minutes U.S. Markets Overview: Treasurys chart Rates rose after the Commerce Department said housing starts rose by 5.7% in April to a seasonally adjusted annual rate of 1.235 million. Economists polled by Refinitiv expected housing starts to rise by 1.205 million. Weekly jobless claims, meanwhile, fell to 212,000 last week. Economists expected claims to fall to 220,000 from 228,000. The strong economic data helped quell some of the fears surrounding the ongoing U.S.-China trade war. Also easing trade angst are the Trump administration’s plans to delay auto tariffs by up to six months. The planned delay appeared to help calm markets that had feared Trump would anger the European Union and Japan. The European Union, for example, has already prepared a list of retaliatory duties to implement if Trump targets autos. “The safe haven trade is being reversed a bit after the President announced that

Bonds I Bond Yields Report on May 15, 2019 I Treasury yields move lower after weak US and China economic data

Silvia Amaro 2 minutes U.S. government debt prices rose on Wednesday as investors looked for safety after the release of disappointing data from the U.S. and China. The yield on the benchmark 10-year Treasury note  was lower at around 2.382%, while the yield on the 30-year Treasury bond was also lower at around 2.828%. Yields move inversely to prices. The 10-year yield was also about five basis points from hitting its 2019 low. U.S. Markets Overview: Treasurys chart Retails sales in the U.S. fell 0.2% last month, while economists polled by Dow Jones expected an increase of 0.2%. Meanwhile, industrial production in the U.S. fell 0.5% in April after rising 0.2% in March. Chinese industrial production rose 5.4% in April, well below a Refinitiv estimate of 6.5%. The print was also the weakest since May 2003. “I think the weak Chinese data is kind of confirmation the trade war matters, which is more fuel on the fire of the worri

Bonds I Bond Yields Report I Investors clamor for Treasurys on trade war, sending yields lower

Thomas Franck, Fred Imbert, Maggie Fitzgerald 3 minutes U.S. President Donald Trump chats with Chinese President Xi Jinping in November 2017. Andy Wong | AP Treasury yields fell on Monday as investors fled the equity markets for the relative safety of government debt, spooked by a soured trade relationship between the U.S. and China. The flight to Treasurys sent long-term debt yields tumbling and inverted a portion of the yield curve, the set of interest rates of bonds having equal credit quality but differing maturity dates. At 12:45 p.m. ET, the yield on the benchmark 10-year Treasury note dipped to 2.394%, under that of the 3-month Treasury bill at 2.418%. The 2-year yield also dipped to 2.182%. Yields move inversely to prices. Inversions have preceded economic downturns in the past, though there is debate over which portion of the curve is the most important to monitor. The Federal Reserve — as well as President Donal

Bonds | Bond Yield Report on Tuesday 30, April 2019 | US Treasury yields tick lower as Fed meeting kicks off

Fred Imbert,Sam Meredith 2-3 minutes Treasury yields traded slightly lower on Tuesday as the Federal Reserve kicked off a two-day monetary policy meeting. The yield on the benchmark 10-year Treasury note traded at 2.504% while the 30-year bond dipped to 2.931%. Yields move inversely to prices. U.S. Markets Overview: Treasurys chart The Fed is largely expected to keep rates unchanged, but investors will look for clues about where the central bank thinks the economy is headed. The central bank’s meeting comes after its preferred measure of inflation, the core personal consumption expenditures index, remained unchanged for March. Labor conditions, however, remain, tight in the U.S. “Many at the Fed seem to be perplexed (and a bit concerned) by the perceived disappearance of the trade-off between unemployment and inflation,” wrote William DelWiche, investment strategist at Baird. “The recent drop in core inflation rates (as meas

Bonds Yields Report on Friday 26, April 2019 | US Treasury yields fall despite stronger GDP print

Thomas Franck 2-3 minutes U.S. government debt yields fell Friday even though the U.S. government said economic activity rose more than expected during the first few months of 2019. The Bureau of Economic Analysis said Friday that first-quarter GDP expanded by 3.2%, the best start to a year since 2015 and well ahead of economist expectations for 2.5% growth. While the stronger-than-anticipated headline number initially spent stock futures and yields higher, both reversed course as investors analyzed dug into the report. At around 9:53 a.m. ET, the yield on the benchmark 10-year Treasury note , which moves inversely to price, was lower at around 2.502%, while the yield on the 30-year Treasury bond was also lower at 2.922%. The 2-year note yield traded at 2.28%. The initial rosy sentiment about an uptick in net exports, for example, retreated after traders realized that the rise was due in large part thanks to a contraction in impor

Bond Yields Report on Monday 22, 2019 | Treasury yields move higher ahead of home sales data

Holly Ellyatt 1 minute U.S. government debt yields  were little changed Monday as investors continued to monitor economic data. The yield on the benchmark 10-year Treasury note rose to 2.57% while the yield on the 30-year Treasury bond rose to 2.977%. Bond yields move inversely to prices. Bond traders could see a quieter day Monday as markets re-open following the Easter break. Existing home sales data for March, due 10.00 a.m. ET, will be in focus for traders. The Chicago Fed’s monthly update on economic activity suggested a pickup in March led by employment-related indicators. The Chicago Fed National Activity Index (CFNAI) rose to –0.15 in March from –0.31 in February. Three of the four broad categories of indicators that make up the index increased from February. However, the Chicago Fed said that three of the four categories made negative contributions to the index in March. Source: CNBC

Bond Yields Report on Tuesday, April 12, 2019 | Treasury yields follow overseas rates higher as investor pivot toward stocks

Thomas Franck 2-3 minutes   U.S. government debt yields  followed international rates higher Friday as investors in the United States pivoted toward riskier assets on the week’s final day of trade. The yield on the benchmark 10-year Treasury note rose to about 2.558%, while the yield on the 30-year Treasury bond also climbed to 2.971%. Bond yields move inversely to prices. Much of the weekend optimism stemmed from new economic data that showed Chinese bank lending was on the rise in March and that the country’s trade surplus soared beyond analyst expectations. Dollar-denominated exports during the month of March rose 14.2%  from a year ago, surpassing forecasts of a 7.3% rise from a year ago, according to a Reuters poll. The better-than-expected economic data helped quell some traders’ angst over the ongoing financial slump in China and helped buoy stock indexes around the world given Beijing’s influence in international markets. In the U.S., pr

Bond Yields Report on Thursday 11, 2019 | Treasury yields edge lower as investors digest Fed minutes

Matt Clinch 2-3 minutes U.S. government debt yields were slightly lower on Thursday morning, continuing a downward move after the European Central Bank (ECB) held interest rates steady and the Federal Reserve released the minutes of its latest meeting. U.S. Markets Overview: Treasurys chart TICKER COMPANY YIELD CHANGE %CHANGE US 3-MO U.S. 3 Month Treasury 2.432 0.005 0.00 US 1-YR U.S. 1 Year Treasury 2.418 0.005 0.00 US 2-YR U.S. 2 Year Treasury 2.356 0.029 0.00 US 5-YR U.S. 5 Year Treasury 2.312 0.033 0.00 US 10-YR U.S. 10 Year Treasury 2.501 0.024 0.00 US 30-YR U.S. 30 Year Treasury 2.931 0.027 0.00 At around 4:30 a.m. ET, the yield on the benchmark 10-year Treasury note , which moves inversely to price, was lower at around 2.4773 percent, while the yield on the 30-year Treasury bond was also lower at 2.8985 percent. The Fed released the minutes of its March monetary policy meeting on Wednesday, revealing that Fed offi

Bond Yields Report on March 25, 2015 | 10-year Treasury yield falls to the lowest since Dec. 2017 on global growth concerns

Thomas Franck 2-3 minutes The yield on the benchmark 10-year Treasury note  fell on Monday to its lowest level since December 2017 as fixed-income investors continued to worry about global growth and a potential deceleration in the U.S. economy. Those fears kept the Treasury yield curve inverted during the session, with the yield on the 3-month bill above that of the 10-year note.The short-term rate first exceed that of several longer-term securities last week in a phenomenon known as inversion and viewed by many as a recession predictor. The yield on the benchmark 10-year Treasury note , which moves inversely to price, was lower at 2.388 percent, its lowest since December 2019. The yield on the 2-year Treasury note was also lower at 2.233 percent while the 3-month yield was at 2.454 percent. International fixed-income markets have also been affected since the Fed’s commentary last week. Yields on both the German 10-year bund as well as the Japanese 10-y

Bond Yields Report | 10-year Treasury yield falls to 14-month low, signaling possible trouble with economy

Thomas Franck 4-5 minutes The yield on the benchmark 10-year Treasury note fell to its lowest level since January 2018 on Thursday, a day after the Federal Reserve held interest rates steady and suggested it will keep rates the same for the rest of the year. The Fed also downgraded its economic forecast for the U.S. economy and said it plans to end its program of reducing the bonds and mortgage-backed securities it holds on its balance sheet. Investors viewed the move — and subsequent comments from Chair Jerome Powell — as more restrained than expected. The 10-year yield held lower at 2.519 percent after sinking 8 basis points in the prior session, while the yield on the 30-year Treasury bond was also lower at 2.957 percent. The yield on the 3-month Treasury bill, more sensitive to changes in Fed policy, was up at 2.478 percent, higher than the rate of return on both the 2-year Treasury note and the 5-year Treasury note. “I think

Bond Yields Report | Treasury yields move higher despite weak US, China data

Thomas Franck 2-3 minutes Government debt yields were higher on Thursday despite data showing anemic wholesale inflation in the U.S. and mixed economic figures from China. At around 3:30 p.m. ET, the yield on the benchmark 10-year Treasury note which moves inversely to price, was higher at around 2.628 percent, while the yield on the 30-year Treasury bond was also higher at 3.045 percent. U.S. Markets Overview: Treasurys chart TICKER COMPANY YIELD CHANGE %CHANGE US 3-MO U.S. 3 Month Treasury 2.452 0.00 0.00 US 1-YR U.S. 1 Year Treasury 2.524 0.005 0.00 US 2-YR U.S. 2 Year Treasury 2.463 0.01 0.00 US 5-YR U.S. 5 Year Treasury 2.43 0.016 0.00 US 10-YR U.S. 10 Year Treasury 2.63 0.02 0.00 US 30-YR U.S. 30 Year Treasury 3.044 0.034 0.00 On Wednesday, yields rose despite the Labor Department indicating that wholesale prices barely increased in February after falling for three straight months. Overnight, data showed China’s industr