Showing posts with label Bonds. Show all posts
Showing posts with label Bonds. Show all posts

Mar 5, 2021

Bonds | Treasury Yields: 10-Year Treasury yield stills 1.5% ahead of February Jobs Report

 cnbc.com

10-year Treasury yield holds above 1.5% ahead of February jobs report

Vicky McKeever

The 10-year U.S. Treasury yield fell slightly on Friday but held above the 1.5% level, ahead of data out later in the morning showing the number of jobs added in February.

The yield on the benchmark 10-year Treasury note fell to 1.545% at 3:30 a.m. ET. The yield on the 30-year Treasury bond slipped to 2.294%. Yields move inversely to prices.

Treasurys

The U.S. Bureau of Labor Statistics is set to release the February employment report at 8:30 a.m. ET.

Economists expect to see 210,000 payrolls were added in February, compared to just 49,000 in January, according to Dow Jones. The unemployment rate is expected to have remained at 6.3%.

The 10-year yield hit 1.55% on Thursday following comments from Federal Reserve Chairman Jerome Powell about inflation. Powell said he expected inflation to rise as the economy recovers, but he thinks it will be temporary.

"We expect that as the economy reopens and hopefully picks up, we will see inflation move up through base effects," Powell said during a Wall Street Journal conference. "That could create some upward pressure on prices."

There are no auctions due to be held on Friday.

CNBC's Patti Domm and Jeff Cox contributed to this report.

Mar 3, 2021

Bonds | Treasury Yields: Treasury Yields climbed After Biden's Promises Vaccine to Adults.

 

Treasury yields rise following Biden's vaccine supply pledge

Vicky McKeever

U.S. Treasury yields climbed on Wednesday, after President Joe Biden promised that the U.S. would have enough supply of coronavirus vaccines to inoculate every adult in the country by the end of May.

The yield on the benchmark 10-year Treasury note rose to 1.433% at 4 a.m. ET. The yield on the 30-year Treasury bond was advanced to 2.237%. Yields move inversely to prices.

Treasurys

Late on Tuesday, Biden made the pledge to have enough vaccine doses so that it will be available to every adult in the U.S. by the end of May, which is two months earlier than previously expected.

Treasury yields were also higher ahead of data showing how many jobs private firms added in February, which is due out at 8:15 a.m. ET on Wednesday. Economists polled by Dow Jones expect 225,000 private jobs were added in February, higher than the 174,000 added in January.

Markit's final purchasing managers' index readings for February are due out at 9:45 a.m. ET.

An auction is due to be held on Wednesday for $30 billion of 119-day bills.

CNBC's Kevin Breuninger and Maggie Fitzgerald contributed to this report.  

Mar 2, 2021

Bonds | Treasury Yield: 10-Year Treasury Yield Flat and Below Last Week's Spike

 cnbc.com

10-year Treasury yield flat, still below last week's spike

Vicky McKeever

U.S. Treasury yields were little changed on Tuesday morning, with investors expected to be watching for comments on the economy in key speeches later in the day.

The yield on the benchmark 10-year Treasury note was flat at 7 a.m. ET. The yield on the 30-year Treasury bond climbed to 2.236%. Yields move inversely to prices.

Treasurys

Treasury yields ebbed lower on Monday, with the 10-year falling back from last week's highs, when it topped 1.6%.

Investors on Tuesday will be keeping a close watch on comments made by both Securities and Exchange Commission Chair nominee Gary Gensler and Federal Reserve Governor Lael Brainard.

Gensler will testify before the Senate Banking Committee at 10 a.m. ET.

Brainard will then deliver a speech entitled "U.S. Economic Outlook and Monetary Policy" via a virtual meeting hosted by the Council on Foreign Relations, at 1 p.m. ET.

March data from the IBD/TIPP Economic Optimism index is due out at 10 a.m. ET.

An auction will be held Tuesday for $30 billion of 42-day bills.

CNBC's Thomas Franck contributed to this report.

Mar 1, 2021

Bonds | Treasury Yield: 10-Year Treasury yield Started a Lower Week.

 cnbc.com

10-year Treasury yield softens after a surge in stock markets

Vicky McKeever

The 10-year U.S. Treasury yield started the week lower, after an overnight surge in U.S. stock futures.

The yield on the benchmark 10-year Treasury note fell to 1.429% at 3:50 a.m. ET. The yield on the 30-year Treasury bond climbed to 2.203%. Yields move inversely to prices.

Treasurys

The House of Representatives passed President Joe Biden's $1.9 trillion stimulus package, early on Saturday. The coronavirus relief spending package will now be considered in the Senate.

Federal Reserve Governor Lael Brainard is due to make a speech on financial stability at the Institute of International Bankers 2021 annual Washington conference, at 9:05 a.m. ET on Monday.

February's final read for Markit's U.S. manufacturing purchasing managers' index is due out on Monday at 9:45 a.m. ET. Economists polled by Dow Jones are expecting a read of 58.5, the same as December's read of 58.5.

U.S. construction spending data for January is due out later at 10 a.m. ET.

Auctions will be held Monday for $54 billion of 13-week bills and $51 billion of 26-week bills.

CNBC's Maggie Fitzgerald contributed to this report.

Feb 26, 2021

Bonds | Treasury Yields: 10-Year Treasury Yield Retreats Slightly From Last 12 Months.

 cnbc.com

10-year Treasury yield retreats slightly from one-year high

Maggie Fitzgerald

The 10-year U.S. Treasury yield retreated on Friday morning, but remained above the 1.45% mark, after surging above 1.6% in the previous session.

The yield on the benchmark 10-year Treasury note dipped to 1.47% at around 7:30 a.m. ET. The yield on the 30-year Treasury bond fell to 2.23%. Yields move inversely to prices.

Treasurys

On Thursday, the 10-year yield jumped more than 16 basis points to 1.614%, its highest level since February 2020 and more than half a percentage point up on the end of January.

The move unnerved investors and put pressure on stock markets, with the Nasdaq suffering its worst one-day loss since October.

The spike in the 10-year yield, which is used as a benchmark for mortgage rates and auto loans, has been driven by expectations of improving economic conditions as coronavirus vaccines are rolled out, as well as fears of higher inflation.

The U.S. House of Representatives is set to approve the $1.9 trillion Covid relief spending package by Friday, bolstering expectations of economic recovery.

However, Wells Fargo strategists said in a note Thursday that they believed "the odds have been increased the Fed will have to attempt to talk down the recent move higher in rates."

Meanwhile, Hans Mikkelsen, credit strategist at Bank of America, said that since the summer economists had "consistently underestimated economic growth to an extent never seen before."

"There appears a real risk the Fed is not going to be able to sound dovish much longer and that transition could see wider credit spreads," he said.

Looking ahead, data measuring growth in U.S. personal income and spending in January is due to be released at 8:30 a.m. ET on Friday.

January data for personal consumer expenditures, which tracks the changes in the cost of good and services purchased by consumers and is the Federal Reserve's preferred inflation measure, is also due out at 8:30 a.m. ET.

The University of Michigan's final readings on U.S. consumer sentiment for February are expected out at 10 a.m. ET.

There are no auctions due to be held on Friday.

CNBC's Patti Domm and Bob Pisani contributed to this report.

Feb 25, 2021

Bonds | Treasury Yields(Morning Edition): 0-Year Treasury Yield Moves Higher Ahead of 3Q Update.

 cnbc.com

10-year Treasury yield moves higher ahead of fourth-quarter GDP update

Vicky McKeever

The 10-year U.S. Treasury yield held above the 1.4% level on Thursday morning, ahead of the U.S. Department of Commerce releasing its second estimate for fourth-quarter gross domestic product.

The yield on the benchmark 10-year Treasury note climbed to 1.454% at 7:00 a.m. ET. The yield on the 30-year Treasury bond rose to 2.312%. Yields move inversely to prices.

Treasurys

An update to the fourth-quarter GDP estimate is expected at 8:30 a.m. ET. The Commerce Department first estimated that U.S. GDP grew 4% in the last three months of 2020, in its report released last month, which was slightly below the 4.3% expectation from economists surveyed by Dow Jones.

Weekly data for new unemployment insurance claims is also due out at 8:30 a.m. ET. Economists surveyed by Dow Jones are expecting 845,000 new claims.

Data for durable goods orders in January is due out at the same time.

Pending home sales data for January is expected later at 10 a.m. ET.

The Federal Reserve's Vice Chair for Supervision Randal Quarles is scheduled to talk at the Atlanta Fed's 2021 banking outlook conference at 11:10 a.m. ET.

Auctions will be held Thursday for $30 billion of 4-week bills, $35 billion of 8-week bills and $62 billion of 7-year notes.

CNBC's Pippa Stevens contributed to this report.

Feb 24, 2021

Bonds: Treasury Yields Rise Slightly Before Powell's Second Congressional Testimony

 cnbc.com

Treasury yields rise slightly ahead of Fed Chair Powell's second congressional testimony

Vicky McKeever

U.S. Treasury yields rose on Wednesday morning, ahead of Federal Reserve Chairman Jerome Powell's second speech on the economy later that day.

The yield on the benchmark 10-year Treasury note rose to 1.37% at 7:00 a.m. ET, while the yield on the 30-year Treasury bond rose to 2.22%. Yields move inversely to prices.

Treasury yields edged higher early on Wednesday, as investors continued to digest comments from Powell's first speech in the Senate on Tuesday.

"The economy is a long way from our employment and inflation goals, and it is likely to take some time for substantial further progress to be achieved," he said on Tuesday.

Powell is due to speak to the House Committee on Financial Services at 10 a.m. ET on Wednesday.

Fed Vice Chairman Richard Clarida is also set to speak about the central bank's economic outlook for the U.S. and its monetary policy, at the U.S. Chamber of Commerce Chief Economist Committee meeting at 1 p.m. ET.

Clarida is then scheduled to speak again on the U.S. economy and its monetary policy, to the American Chamber of Commerce in Australia at 4 p.m. ET.

In addition, January data on new home sales made in the U.S. is expected out at 10 a.m. ET.

Auctions will be held Wednesday for $30 billion of 119-day bills, $61 billion of 5-year notes and $26 billion of 1-year 11-month floating-rate notes.

CNBC's Jeff Cox contributed to this report.

Feb 23, 2021

Bonds: Treasury Yields Rise Ahead Ahead of Powell's Testimony on the Economy,

 cnbc.com

Treasury yields rise ahead of Fed Chair Powell's testimony on the economy

Vicky McKeever

U.S. Treasury yields rose on Tuesday morning, ahead of Federal Reserve Chairman Jerome Powell's first of two speeches in Congress this week, as part of a mandated semiannual testimony on the economy.

The yield on the benchmark 10-year Treasury note advanced to 1.376% at 4 a.m. ET, while the yield on the 30-year Treasury bond climbed to 2.198%. Yields move inversely to prices.

Powell is expected to speak at 10 a.m. ET on Tuesday. While the semiannual testimonies are normally nonevents for the market, Powell's speeches this week will likely be closely watched for how he views the recent run-up in bond yields and for any comments on inflation.

Data for December from the S&P CoreLogic Case-Schiller home price index, which tracks residential property prices in 20 major U.S. cities, is due out at 9 a.m. ET.

Auctions will be held Tuesday for $34 billion of 52-week bills, $30 billion of 42-day bills and $60 billion of 2-year notes.

CNBC's Jeff Cox contributed to this report.

Feb 22, 2021

Bonds: Treasury Yields Climb ( Morning Edition).

cnbc.com

Treasury yields climb amid economic recovery hopes

Vicky McKeever

U.S. Treasury yields climbed on Monday morning, signaling growing market confidence that an economic recovery is close, following the coronavirus pandemic.

The yield on the benchmark 10-year Treasury note rose to 1.374% at 7:00 a.m. ET, while the yield on the 30-year Treasury bond advanced to 2.164%. Yields move inversely to prices.

The White House said it expects to finish sending out millions of doses of coronavirus vaccines this week, after a sweeping winter storm disrupted its distribution logistics.

Meanwhile, January data from the Chicago Fed National Activity index, which is considered as a broader indicator for national economic activity, is due out at 8:30 a.m. ET.

The Federal Reserve Bank of Dallas is expected to publish February data for its Texas manufacturing index at 10:30 a.m. ET.

Fed Governor Michelle Bowman is due to make a speech on economic inclusion in lower-income communities at the Dallas Fed's Advance Together Celebration, at 3:30 p.m. ET.

Auctions will be held Monday for $54 billion of 13-week bills and $51 billion of 26-week bills.

CNBC's Amanda Macias contributed to this report.

Feb 10, 2021

Bonds | Treasury Yields. (Morning Edition): Treasury Yields Slip Slightly.

 cnbc.com

Treasury yields slip slightly after tame inflation reading

Vicky McKeever

This Cookie Notice (“Notice”) explains how NBCUniversal and its affiliates (“NBCUniversal” or “we”), along with our partners, including advertisers and vendors, use cookies and similar tracking technologies when you use our websites, applications, such as games, interactive TV, voice-activated assistants, and other services that link to this policy, as well as connected devices, including those used in our theme parks (“Services”). This Notice provides more information about these technologies, your choices, and is part of the NBCUniversal Privacy Policy available here . You should read the Privacy Policy and this Notice for a full picture of NBCUniversal’s use of your information.

WHAT ARE COOKIES AND HOW ARE THEY USED?

Like many companies, we use cookies (small text files placed on your computer or device) and other tracking technologies on the Services (referred to together from this point forward as “Cookies”, unless otherwise stated), including HTTP cookies, HTML5 and Flash local storage/flash cookies, web beacons/GIFs, embedded scripts, ETags/cache browsers, and software development kits.

First-party Cookies

First-party Cookies are placed by us (including through the use of third-party service providers) and are used to allow you to use the Services and their features and to assist in analytics activities.

Third-party Cookies

Certain third parties may place their Cookies on your device and use them to recognize your device when you visit the Services and when you visit other websites or online services. These third parties collect and use this information pursuant to their own privacy policies. Third-party Cookies enable certain features or functionalities, and advertising, to be provided on the Services.

Types of Cookies

The Services use the following types of first and third-party Cookies for these purposes:

Strictly Necessary Cookies: These Cookies are required for Service functionality, including for system administration, security and fraud prevention, and to enable any purchasing capabilities. You can set your browser to block these Cookies, but some parts of the site may not function properly.

Information Storage and Access: These Cookies allow us and our partners to store and access information on the device, such as device identifiers.

Measurement and Analytics: These Cookies collect data regarding your usage of and performance of the Services, apply market research to generate audiences, and measure the delivery and effectiveness of content and advertising. We and our third-party vendors use these Cookies to perform analytics, so we can improve the content and user experience, develop new products and services, and for statistical purposes. They are also used to recognize you and provide further insights across platforms and devices for the above purposes.

Personalization Cookies: These Cookies enable us to provide certain features, such as determining if you are a first-time visitor, capping message frequency, remembering choices you have made (e.g., your language preferences, time zone), and assist you with logging in after registration (including across platforms and devices). These Cookies also allow your device to receive and send information, so you can see and interact with ads and content.

  • Content Selection and Delivery Cookies: Data collected under this category can also be used to select and deliver personalized content, such as news articles and videos.
  • Ad Selection and Delivery Cookies: These Cookies are used to collect data about your browsing habits, your use of the Services, your preferences, and your interaction with advertisements across platforms and devices for the purpose of delivering interest-based advertising content on the Services and on third-party sites. Third-party sites and services also use interest-based Advertising Cookies to deliver content, including advertisements relevant to your interests on the Services and third-party services. If you reject these Cookies, you may see contextual advertising that may be less relevant to you.
  • Social Media Cookies: These Cookies are set by social media platforms on the Services to enable you to share content with your friends and networks. Social media platforms have the ability to track your online activity outside of the Services. This may impact the content and messages you see on other services you visit.

    We and third parties may associate Measurement And Analytics Cookies, Personalization Cookies, Content Selection, Delivery Cookies, and Reporting, Ad Selection, Delivery and Reporting Cookies, and Social Media Cookies with other information we have about you.

    COOKIE MANAGEMENT

    Depending on where you live, you may be able to adjust your Cookie preferences at any time via the “Cookie Settings” link in the footer of relevant websites. You can also use the methods described below to manage Cookies. You must take such steps on each browser or device that you use. If you replace, change or upgrade your browser or device, or delete your cookies, you may need to use these opt-out tools again. As some Cookie-management solutions also rely on Cookies, please adjust your browser Cookie settings carefully, following the relevant instructions below.

    Browser Controls: You may be able to disable and manage some Cookies through your browser settings. If you use multiple browsers on the same device, you will need to manage your settings for each browser. Please click on any of the below browser links for instructions:

    Google Chrome
    Apple Safari
    Mozila Firefox
    Microsoft Internet Explorer

    If the browser you use is not listed above, please refer to your browser’s help menu for information on how to manage Cookies. Please be aware that disabling cookies will not disable other analytics tools we may use to collect information about you or your use of our Services.

    Analytics Provider Opt-Outs: To disable analytics Cookies you can use the browser controls discussed above or, for some of our providers, you can use their individual opt-out mechanisms:

    Google’s Privacy Policy and Google Analytics Opt-Out
    Omniture’s Privacy Policy and Omniture’s Opt-Out
    Mixpanel’s Privacy Policy and Mixpanel’s Opt-Out

    The above are examples of our analytics providers and this is not an exhaustive list. We are not responsible for the effectiveness of any other providers’ opt-out mechanisms.

    Flash Local Storage: These cookies are also known as local shared objects and may be used to store your preferences or display content by us, advertisers and other third-parties. Flash cookies need to be deleted in the storage section of your Flash Player Settings Manager.

    Interest-Based Advertising: Most third-party advertisers offer a way to opt out of their interest-based advertising. For more information or to opt out of receiving interest-based advertising from participating third-party advertisers, depending on your country of residence, please visit:

    Digital Advertising Alliance in the US
    Digital Advertising Alliance of Canada
    European Interactive Digital Advertising Alliance
    Australian Digital Advertising Alliance

    You can also opt out of some of the advertising providers we use by visiting their opt-out pages:

    Google’s Privacy Policy and Google Analytics Opt-Out Page
    Facebook Privacy Policy and Facebook’s Opt-Out Page
    Twitter Privacy Policy and Twitter’s Opt-Out Page​
    Liveramp’s Privacy Policy and Liveramp Opt-Out Page

    These are examples of our advertising providers and this is not an exhaustive list. In addition, we are not responsible for the effectiveness of any of these providers’ opt-out mechanisms.

    After you opt out, you will still see advertisements, but they may not be as relevant to you.

    Mobile Settings: You may manage the collection of information for interest-based advertising purposes in mobile apps via the device’s settings, including managing the collection of location data. To opt out of mobile ad tracking from Nielsen or other third parties, you can do so by selecting the “Limit Ad Tracking” (for iOS devices) or “Opt out of Ads Personalization” (for Android devices) options in your device settings.

    Connected Devices: For connected devices, such as smart TVs or streaming devices, you should review the device’s settings and select the option that allows you to disable automatic content recognition or ad tracking. Typically, to opt out, such devices require you to select options like “limit ad tracking” or to disable options such as “interest-based advertising,” “interactive TV,” or “smart interactivity”. These settings vary by device type.

    Cross-Device Tracking: If you would like to opt out of our browser-based cross-device tracking for advertising purposes, you may do so by using the various methods described above. You must opt out separately on each device and each browser that you use. For more information about cross-device matching, please visit the Network Advertising Initiative or the Digital Advertising Alliance. If you opt out of cross-device tracking for advertising purposes, we may still conduct cross-device tracking for other purposes, such as analytics.

    Consequences of Deactivation of Cookies: If you disable or remove Cookies, some parts of the Services may not function properly. Information may still be collected and used for other purposes, such as research, online services analytics or internal operations, and to remember your opt-out preferences.

    CONTACT US

    For inquiries about this Cookies Notice, please contact us at Privacy@nbcuni.com or Chief Privacy Officer, NBCUniversal Legal Department, 30 Rockefeller Plaza, New York, NY 10112, US.

    For inquiries from users who reside in the European Economic Area, the United Kingdom or Switzerland, please contact us at Privacy@nbcuni.com or Privacy, Legal Department, Central Saint Giles, St Giles High Street, London, WC2H 8NU, UK

    CHANGES TO THIS NOTICE

    This Notice may be revised occasionally and in accordance with legal requirements. Please revisit this Cookie Notice regularly to stay informed about our and our analytic and advertising partners’ use of Cookies.

    Feb 3, 2021

    Bonds: Treasury Yieds rise on Democratic Stimulus (Morning Update)

     cnbc.com

    Treasury yields rise as Democrats push forward with stimulus

    Vicky McKeever

    The 10-year U.S. Treasury yield held above the 1.1% mark early on Wednesday, as Democrats pushed forward with trying to pass President Joe Biden's $1.9 trillion stimulus plan.

    The yield on the benchmark 10-year Treasury note climbed to 1.115% at 7:15 a.m. ET, while the yield on the 30-year Treasury bond rose to 1.891%. Yields move inversely to prices.

    U.S. government bond yields advanced on Wednesday, after Democrats took their first votes in Congress on Tuesday night, to pass the proposed stimulus package without Republican support.

    The Senate voted in a 50-49 party line vote to advance a budget resolution, with Democrats holding a narrow majority in the upper house. The House also voted in favor of going forward with the budget measure in a 216-210 vote.

    Traders will be keeping an eye out for the ADP employment change January report, due out at 8:15 a.m. ET, which shows the monthly changes in private employment in the U.S.

    The final Markit purchasing managers' index (PMI) data for January is expected at 9:45 a.m. ET.

    ISM non-manufacturing data including business activity, prices, employment, PMI and new orders in January is expected at 10 a.m. ET.

    A weekly EIA update on stock changes for crude oil, Cushing crude oil, distillate and gasoline is set to be released at 10:30 a.m. ET.

    James Bullard, president of the Federal Reserve Bank of St. Louis, is due to make a speech at 1 p.m. ET. Philadelphia Fed President Patrick Harker will speak at 2 p.m. ET, followed by Cleveland Fed President Loretta Mester, as well as Chicago Fed President Charles Evans at 5 p.m. ET, and Dallas Fed President Robert Kaplan at 6 p.m. ET.

    Data for total vehicle sales in the U.S. in January is expected to be released at 7 p.m. ET.

    Auctions will be held Wednesday for $25 billion of 105-day bills and $30 billion of 154-day bills.

    CNBC's Jacob Pramuk contributed to this report.

    Apr 21, 2020

    Bonds | Treasury Yields: Treasury yields move lower after historic oil price plunge

    Sam Meredith



    U.S. government debt prices were higher Tuesday morning, after a historic oil price plunge stunned market participants in the previous session.

    Treasurys

    TICKER COMPANY YIELD CHANGE %CHANGE
    US 3-MOU.S. 3 Month Treasury0.122-0.0050.00
    US 1-YRU.S. 1 Year Treasury0.1830.0260.00
    US 2-YRU.S. 2 Year Treasury0.2030.0010.00
    US 5-YRU.S. 5 Year Treasury0.34-0.0120.00
    US 10-YRU.S. 10 Year Treasury0.604-0.0220.00
    US 30-YRU.S. 30 Year Treasury1.206-0.0290.00
    At 2:45 a.m. ET, the benchmark 10-year Treasury note, which moves inversely to price, was lower at around 0.6130%, while the yield on the 30-year Treasury bond was also lower at around 1.2152%.
    It comes after U.S. oil prices tumbled below zero for the first time on record, with crude storage facilities filling rapidly and as the coronavirus crisis ravages demand.
    West Texas Intermediate crude futures for May settled at negative $37.63 a barrel on Monday, closing in negative territory for the first time in history. The contract, which is set to expire on Tuesday, last traded at $1.36 a barrel.
    The June contract for WTI, which is more actively traded, stood at $21.39 a barrel, up almost 5%. Meanwhile, international benchmark Brent crude traded at $24.86 a barrel, down 2.74% on Tuesday.
    On the data front, Philadelphia Fed non-manufacturing figures for April will be released at 8:30 a.m. ET, with existing home sales for March set to follow at 10 a.m. ET.
    The U.S. Treasury is set to auction $28 billion in 52-week bills and $25 billion in 119-day bills on Tuesday.

    Nov 27, 2019

    Bonds | Treasury Yields Report: Treasury yields rise after a slew of better-than-expected economic data

    Yun Li, Silvia Amaro



    U.S. government debt prices fell on Wednesday as traders monitored fresh economic data and developments in the U.S.-China trade war.
    The yield on the benchmark 10-year Treasury note, which moves inversely to price, was higher at around 1.7127%, while the yield on the 30-year Treasury bond was also higher at around 2.1837%.
    Market players have been monitoring trade developments between the U.S. and China with mixed messages about the prospect of the two countries reaching a phase one deal before the end of the year. President Donald Trump said Tuesday that a deal with Beijing is in the “final throes.”

    Treasurys

    TICKER COMPANY YIELD CHANGE %CHANGE
    US 3-MOU.S. 3 Month Treasury1.6130.0080.00
    US 1-YRU.S. 1 Year Treasury1.6010.0180.00
    US 2-YRU.S. 2 Year Treasury1.6280.0420.00
    US 5-YRU.S. 5 Year Treasury1.6290.0410.00
    US 10-YRU.S. 10 Year Treasury1.7710.0310.00
    US 30-YRU.S. 30 Year Treasury2.1920.0140.00
    Earlier this week, officials from both countries spoke over the phone in an attempt to “resolve core issues.” The U.S. is due to impose fresh duties on Chinese goods by December 15, if there is no agreement by then.


    Nov 26, 2019

    Bonds | Treasury Yields Report: Treasury yields fall after consumer sentiment data disappoints

    Yun Li, Sam Meredith



    U.S. government debt prices rose on Tuesday as investors digested weaker-than-expected economic data and the latest development on U.S.-China trade.

    Treasurys

    TICKER COMPANY YIELD CHANGE %CHANGE
    US 3-MOU.S. 3 Month Treasury1.6050.0080.00
    US 1-YRU.S. 1 Year Treasury1.5860.0080.00
    US 2-YRU.S. 2 Year Treasury1.588-0.0170.00
    US 5-YRU.S. 5 Year Treasury1.596-0.020.00
    US 10-YRU.S. 10 Year Treasury1.738-0.0260.00
    US 30-YRU.S. 30 Year Treasury2.175-0.0320.00
    The yield on the benchmark 10-year Treasury note, which moves inversely to price, was lower at around 1.7345%, while the yield on the 30-year Treasury bond was also lower at around 2.1731%.
    Consumer confidence dipped for a fourth straight month in November as economic conditions weaken towards the end of 2019. The index for consumer confidence came in at 125.5 this month, compared to a Dow Jones’ estimate of 126.6.
    Market focus is largely attuned to global trade developments after China’s Ministry of Commerce said the leaders of U.S.-China trade talks held another phone call on Tuesday morning.
    The online statement reported that both sides had reached a consensus on how to move forward in their long-running dispute, raising hopes of a so-called “phase one” deal.
    Washington and Beijing have imposed tariffs on billions of dollars’ worth of one another’s goods since the start of 2018, battering financial markets and souring business and consumer sentiment.
    The S&P Case-Shiller index showed home price gains accelerated in September, gaining 3.2% annually.
    The U.S. Treasury auctioned $41 billion in 5-year notes and $18 billion in 1-year and 11-month floating rate notes (FRNs) on Tuesday.

    Nov 18, 2019

    Bonds | Treasury Yields Report: Treasury yields fall as investors remain on edge about US-China trade

    Yun Li, Spriha Srivastava



    Chinese officials were troubled by Trump’s comment that there was no agreement on phasing out tariffs, a government source told CNBC. China has pushed for a removal of the additional duties imposed on each other’s products in different phases, as part of the deal.
    However, Trump said a week ago he has not agreed to scrap tariffs on Chinese goods, conflicting the signal from China and dampening hopes about a coming resolution to a jarring trade conflict.
    Chinese state media said the two sides had “constructive” trade talks on Saturday, noting U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin talked with Chinese Vice Premier Liu He about the core issues for a phase one trade agreement.
    Meanwhile, Chinese officials have surprised markets with the announcement of a cut to a key interest rate for the first time since 2015. The move has sparked speculation of further stimulus measures in China.
    Trump and Federal Reserve Chairman Jerome Powell, who have been at odds over the direction of monetary policy, met Monday to discuss a variety of economic issues, according to a statement from the central bank.
    On the auction front, the Treasury is set to auction a three-month and a six-month bill on Monday.

    CNBC’s Silvia Amaro contributed to this report.

    Nov 15, 2019

    Bonds | Treasury Yields Report on Friday 15, November 2019: Treasury yields rise for the first time in 4 days on US-China trade optimism

    Silvia Amaro,Yun Li



    U.S. government debt prices retreated on Friday as investors grew more optimistic about a U.S.-China trade agreement.
    The yield on the benchmark 10-year Treasury note, which moves inversely to price, rose to around 1.8333%, the first day of gains since Monday. The yield on the 30-year Treasury bond was also higher at around 2.3097%.
    Larry Kudlow, the White House economic adviser, said Thursday that Washington is getting close to a trade deal with Beijing. His comments have followed recent reports that both countries had hit an impasse over agricultural products and intellectual property rights.
    Retail sales increased 0.3% last month, lifted by motor vehicle purchases and higher gasoline prices, the Commerce Department said on Friday. However, the data also showed big-ticket purchases dropped last month.
    Federal Reserve Chairman Jerome Powell said Thursday that he does not see signs of bubbles brewing amid concerns over higher corporate and government debt.

    Nov 14, 2019

    Bonds | Treasury Yields Report: Treasury yields fall amid uncertainty over US-China trade deal

    Yun Li, Silvia Amaro



    Treasurys

    TICKER COMPANY YIELD CHANGE %CHANGE
    US 3-MOU.S. 3 Month Treasury1.5740.0020.00
    US 1-YRU.S. 1 Year Treasury1.555-0.0110.00
    US 2-YRU.S. 2 Year Treasury1.591-0.0370.00
    US 5-YRU.S. 5 Year Treasury1.625-0.0510.00
    US 10-YRU.S. 10 Year Treasury1.817-0.0520.00
    US 30-YRU.S. 30 Year Treasury2.299-0.050.00
    Market players are largely focused on U.S.-China trade talks, after reports suggested that there is an impasse over issues such as agricultural products and intellectual property. President Trump had announced last month that the U.S. had reached an agreement in principle with China and that they were close to signing a phase one trade deal.
    Chinese Ministry of Commerce spokesman Gao Feng said overnight that China and the U.S. are holding “in-depth” discussions about a phase one deal, but added the rolling back of some tariffs is key to striking a deal.
    China and the U.S. have imposed tariffs on billions of dollars’ worth of one another’s goods since the start of 2018, battering financial markets and souring business and consumer sentiment.
    On the data front, weekly jobless claims reached 225,000 last week, the highest number since June. Meanwhile, U.S. producer prices had their biggest gain in six months in October.
    “Underlying the drift lower in rates has been the recognition that not much has actually changed on the global macro front in the past week and a half,” said Ian Lyngen, head of U.S. rates at BMO Capital Markets. “The Fed’s not cutting in December, global growth is slowing (though perhaps not as sharply as feared), and a trade deal between the US and China is still in the works, and will be for some time.”
    Federal Reserve Chairman Jerome Powell said in his testimony on Wednesday interest rates are unlikely to change as long as the economy keeps growing.
    New York Fed President John Williams said in a speech Thursday that interest rates and the economy are in “a good place.”
    The Treasury is due to auction $55 billion in 4-week bills and $40 billion in 8-week bills.

    Nov 13, 2019

    Bonds | Treasury Yields Report: Treasury yields fall after report says US and China trade talks have hit a 'snag'

    Yun Li, Sam Meredith



    Treasury yields fell on Wednesday after rekindled trade uncertainty fueled investor demand for safer assets like U.S. debt.
    The yield on the benchmark 10-year Treasury note fell to 1.8843%, while the yield on the 30-year Treasury bond was also lower at around 2.36%.
    U.S.-China talks have reportedly hit a snag over agriculture purchases and other issues, casting more doubt on what Wall Street had been hoping would be an already-curtailed trade agreement.
    The Wall Street Journal’s report added that Beijing hopes to cut a deal that doesn’t look favorable to Washington and wants a way out of any agreement should tensions mount again in the future.
    “We can always stop the purchases if things get worse again,” one Chinese official told the Journal.
    Speaking at the Economic Club of New York on Tuesday, President Donald Trump said both sides were “close” to reaching a “phase one” trade deal but did not offer any details on where or when it might be signed.
    He previously touted the progress between Beijing and Washington, saying last month that China had agreed to purchase U.S. farm goods worth somewhere between $40 billion and $50 billion.

    Treasurys

    TICKER COMPANY YIELD CHANGE %CHANGE
    US 3-MOU.S. 3 Month Treasury1.577-0.0130.00
    US 1-YRU.S. 1 Year Treasury1.571-0.0130.00
    US 2-YRU.S. 2 Year Treasury1.636-0.0140.00
    US 5-YRU.S. 5 Year Treasury1.689-0.0290.00
    US 10-YRU.S. 10 Year Treasury1.886-0.0230.00
    US 30-YRU.S. 30 Year Treasury2.362-0.0230.00
    Trump also repeated on Tuesday an accusation of China “cheating” on trade, though he blamed the situation on past leaders of the world’s largest economy.
    Washington and Beijing have imposed tariffs on billions of dollars’ worth of one another’s goods since the start of 2018, battering financial markets and souring business and consumer sentiment.
    U.S. consumer prices rebounded more than expected in October and underlying inflation picked up. The U.S. consumer price index increased by 0.4% last month, compared to a gained of 0.3% estimated by economists polled by Reuters.
    Fed Chair Jerome Powell will testify on the economic outlook before the Joint Economic Committee at around 11:00 a.m. ET. In prepared remarks, he said the path of Fed interest rates is unlikely to change as long as the economy keeps growing.

    Nov 12, 2019

    Bonds | Treasury Yields Report: Treasury yields slip after Trump renews China trade attack

    Thomas Franck



    U.S. government debt yields ticked lower Tuesday afternoon after President Donald Trump rekindled his vocal criticism of Beijing, calling the Chinese “cheaters” though he blamed America’s trade deficit on past U.S. leaders.
    The yield on the benchmark 10-year Treasury note, which moves inversely to price, was little changed at 1.92%, while the yield on the 30-year Treasury bond was also stagnant at 2.406%.
    Trump spoke from the Economic Club of New York on Tuesday, where many had hoped the president would tout warmer relations between the nation’s two largest economies. Instead, Trump struck a cooler tact.
    “Since China’s entrance into the World Trade Organization in 2001, no one has manipulated better or taken advantage of the United States more,” Trump said. “I will not say the word ‘cheated,’ but nobody’s cheated better than China, I will say that.”
    The speech kept modest pressure on U.S. yields, which remain well above where they traded last week after a marked surge on Thursday.
    “What was missing were details about progress on phase one of the trade deal with China or the status of auto tariffs which may be placed on imports from the European Union,” Chris Zaccarelli, chief investment officer at Independent Advisor Alliance, wrote of Trump’s speech.
    “He mentioned that the ‘China deal could happen soon,’ but he’s said exactly the same thing in the past, so that wasn’t anything new,” Zaccarelli added. “Bond yields declined slightly, but not in a meaningful way.”
    The U.S. bond market was closed on Monday in honor of the Veterans Day holiday.

    Nov 11, 2019

    Bonds | Treasury Yields Report: 10-year Treasury yield climbs again, capping surge on the week back above 1.9%

    Thomas Franck, Silvia Amaro



    The bond market is closed Monday in observance of Veterans Day.
    Long-term U.S. government debt yields climbed again on Friday, capping a week of gains, as warmer trade relations between Washington and Beijing buoyed equities and pressure bonds.
    The yield on the benchmark 10-year Treasury note hit 1.945%, while the yield on the 30-year Treasury bond was 2.427%. Friday’s calmer markets followed one of the biggest moves in the 10-year Treasury yield in recent years.
    At its highs on Thursday, the 10-year yield jumped 15 basis points to 1.96%, its biggest jump since the 20-basis-point move the day after President Donald Trump was elected in 2016. The move brought the yield to its highest level since August.
    The yield curve, which inverted over the summer and stoked recession fears, also steepened to the widest since January on Thursday. The spread between the 10-year yield and the 2-year yield was last seen at 26 basis points; the 10-year/3-month spread was at 38 basis points.
    The week’s upward move in long-term rates tracked improved market sentiment over U.S.-China trade relations, better-than-expected corporate profits and a marginally better economic outlook.
    Market players are following U.S.-China trade discussions after a spokesperson for the Chinese commerce ministry said Thursday that both sides had agreed to cancel existing tariffs in phases. Both countries have had tense trade discussions since 2018.
    Meanwhile, Jean-Claude Juncker, president of the European Commission, said there “won’t be any auto tariffs” from the U.S. on Europe next week. President Trump has until November 13 to decide whether he will pursue with car tariffs on the EU.
    “The Treasury market is trading slightly lower this morning after yesterday’s complete blowout in rates due to the
    expectation of not only a U.S.-China trade deal, but a robust one as well,” wrote Kevin Giddis, head of fixed income capital markets at Raymond James.
    “As far as the bond market is concerned, it just needs to ride out the move out of a risk-off trade into a risk-on trade, which takes a whole lot of money out of bonds and puts it squarely into the equity market,” he added. “I am not saying that it’s a bad thing for that to happen, I just believe that the move is premature, and it disregards a big chunk of the fundamentals.”

    Treasurys

    TICKER COMPANY YIELD CHANGE %CHANGE
    US 3-MOU.S. 3 Month Treasury1.556-0.0030.00
    US 1-YRU.S. 1 Year Treasury1.5870.000.00
    US 2-YRU.S. 2 Year Treasury1.680.0030.00
    US 5-YRU.S. 5 Year Treasury1.7510.0120.00
    US 10-YRU.S. 10 Year Treasury1.9450.0230.00
    US 30-YRU.S. 30 Year Treasury2.4270.0270.00

    Latest Post Published

    News | Business | Delivery Business: A Story on a Startup CEO Delivery Business.

      bbc.com Deliveroo boss Will Shu: 'I was never into start-ups' BBC News 5-6 minutes ...