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Showing posts with the label Bonds.

Finance | Bonds: Building America Bonds, Are The Key To The Infrastructure Bill, Scott Minerd Says.

  Source :  marketwatch.com ‘Build America Bonds’ are the key to the infrastructure bill, Scott Minerd says Andrea Riquier 2-3 minutes The Biden Administration’s idea to finance its infrastructure plan with “direct pay bonds” is the right approach, according to a long-time investor. “ ‘Buried in Biden’s proposal is a passing reference to “direct pay bonds”, which I believe is the single best way to finance much of the plan.’ ” — Scott Minerd, chief investment officer, Guggenheim Partners Scott Minerd, CIO of Guggenheim Partners, notes that direct pay bonds are the same as the “Build America Bonds” that the Obama administration developed as part of the response to the Great Recession. “These are essentially juiced-up municipal bonds issued by state and local governments,” Minerd

Bonds | Treasury Yields: 10-Year Treasury Yield Slows but still 1.45% ahead of J. Powell's Speech.

  cnbc.com 10-year Treasury yield eases, but holds above 1.45% ahead of Powell's speech Vicky McKeever 1-2 minutes The 10-year U.S. Treasury yield eased on Thursday morning, but remained above 1.45%, ahead of a speech from Federal Reserve Chairman Jerome Powell. The yield on the benchmark 10-year Treasury note fell to 1.46% at 7:20 a.m. ET. The yield on the 30-year Treasury bond was dipped to 2.238%. Yields move inversely to prices. Treasurys Powell is set to make a speech about the U.S. economy at the Wall Street Journal Jobs summit at 12:05 p.m. ET. Investors will be watching the speech closely for any comments on the recent bond sell-off and concerns about inflation. Weekly data for new unemployment insurance claims in the U.S. is due out at 8:30 a.m. ET. Economists surveyed by Dow Jones are forecasting 750,000 first-time filers. Factory orders data for January is due to be released at 10 a.m.

Bonds: Treasury Yields Slip Due to Jobless Data.

  cnbc.com Treasury yields slip after jobless claims data Jesse Pound 2 minutes U.S. Treasury yields fell in choppy trading on Thursday following the release of weekly jobless claims data and other economic data. The yield on the benchmark 10-year Treasury note slipped to to 1.287%, while the yield on the 30-year Treasury bond inched higher to 2.072%. Yields move inversely to prices. The move in Treasury yields accompanied a higher-than-expected reading for initial jobless claims from last week. The job market data comes as U.S. policymakers continue to work on another round of economic relief, and some investors may view the weak data as a catalyst for a larger package. Other data releases on Thursday showed the homebuilding market slowing amid high lumber prices and a significant jump for import prices . The move in yields also followed jumps in retail sales and producer prices in data released on

Bonds | Treasury Yields (Morning Edition): Yields Fall on Expectations of Jobless Data.

  cnbc.com Treasury yields fall ahead of jobless claims data Vicky McKeever 2 minutes U.S. Treasury yields fell on Thursday morning, ahead of the release of weekly jobless claims data. The yield on the benchmark 10-year Treasury note fell to 1.286% at 3:45 a.m. ET, while the yield on the 30-year Treasury bond dipped to 2.056%. Yields move inversely to prices. Treasury yields dipped ahead of the weekly update on first-time unemployment insurance claims, due out at 8:30 a.m. ET. Economists surveyed by Dow Jones are expecting 773,000 new claims, a slight decrease from the prior week. Yields were also lower despite jumps in retail sales and producer prices in data released on Wednesday, stoking inflation fears. Meanwhile, an auction for $27 billion worth of 20-year bonds on Wednesday was "weak from nearly all perspectives," Wells Fargo strategists said in a note. "Today's auction was a

Bonds: Treasury Yield Hits Best Level in A Year.

 Bonds cnbc.com 10-year Treasury yield hits highest level in a year Maggie Fitzgerald 1-2 minutes Treasury yields drifted higher on Tuesday morning, with the 10-year Treasury yield hitting a level not seen since February 2020. The yield on the benchmark 10-year Treasury note climbed to 1.29% at around 4:15 p.m. ET, breaking above a the 1.28% level for the first time since February 2020. Meanwhile, the yield on the 30-year Treasury bond rose to 2.08%. Yields move inversely to prices.  "That opens up the 1.50% level," said John Briggs, head of strategy at NatWest Markets. The 10-year benchmark is widely watched as it influences mortgages and other loans. Treasury yields were higher as investors continued to watch for progress on President Joe Biden's proposed $1.9 trillion stimulus package in Congress, as well as the coronavirus vaccine rollout in the U.S. Auctions will be held Tuesday

Bonds | Treasury Yields: 30-year Treasury Yield Holds Above 2%

  cnbc.com 30-year Treasury yield holds above 2% following Presidents Day Vicky McKeever 10-12 minutes 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 comput

Bonds: Treasury Yields Flat by Ending Week.

  cnbc.com Treasury yields flat to end the week Maggie Fitzgerald 2 minutes U.S. Treasury yields were flat on Friday morning, following weak demand for new 30-year bonds in an auction in the previous session. The yield on the benchmark 10-year Treasury note rose to 1.16% at 7:15 a.m. ET, while the yield on the 30-year Treasury bond rose to 1.95%. Yields move inversely to prices. U.S. government bond yields ebbed lower, following soft demand for 30-year Treasuries in the auction on Thursday, according to a Reuters report . This reportedly followed strong demand in auctions for 10-year and 3-year notes earlier in the week. Treasury yields also continued to drift lower following worse-than-expected jobless claims data, released Thursday. The Labor Department reported a total of 793,000 new unemployment insurance claims for the week ended Feb. 6, which was higher than the 760,000 forecasted by economists surveyed by Do

Bonds | U.S. Treasury Yields Morning Update.

  cnbc.com U.S. Treasury yields rise slightly as investors await January jobs report Maggie Fitzgerald 2 minutes U.S. government debt prices were slightly higher on Friday morning, as investors looked to incoming key economic data later in the session. At around 7:15 a.m. ET, the yield on the benchmark 10-year Treasury note was higher at 1.16%, while the yield on the 30-year Treasury bond  was also lower at 1.95%. Yields move inversely to prices. It comes after stronger-than-anticipated data on U.S. jobs markets in recent days and amid hopes of another coronavirus relief package. President Joe Biden's administration is pushing ahead with plans to pass a $1.9 trillion economic re Enable Ginger Cannot connect to Ginger Check your internet connection or reload the browser Disable in this text field Edit Edit in Ginger Edit in Ginger ×

Bonds: Is Treasury Yields Rising Waiting for Stimulus Progress

  cnbc.com Treasury yields climb as investors watch for stimulus progress Maggie Fitzgerald 2 minutes U.S. Treasury yields rose on Tuesday morning, after Democratic congressional leaders pushed forward with the first step to getting a coronavirus relief package passed without Republican support. The yield on the benchmark 10-year Treasury note climbed to 1.11% at 7:00 a.m. ET, while the yield on the 30-year Treasury bond advanced to 1.88%. Yields move inversely to prices. U.S. government bonds yields moved higher early on Tuesday, after Senate Majority Leader Chuck Schumer and House Speaker Nancy Pelosi introduced a budget resolution on Monday . This is the initial step toward using the reconciliation process that requires only a majority vote in Congress to pass. Meanwhile, President Joe Biden met with the 10 Republican senators on Monday that wrote to him over the weekend to put forward their alterna

Bonds: Treasury yields fall slightly to start the week.

  cnbc.com Treasury yields fall slightly to start the week Maggie Fitzgerald 1-2 minutes U.S. Treasury yields dipped on Monday, the first trading day of February. The yield on the benchmark 10-year Treasury note fell to 1.086% at 7:30 a.m. ET, while the yield on the 30-year Treasury bond slumped to 1.855%. Yields move inversely to prices. U.S. government bonds yields ebbed lower at the start of the week, after 10 Republican senators sent a letter to Biden on Sunday asking him to consider a smaller, alternative Covid-19 relief spending plan. January data from Markit's manufacturing purchasing managers' index is due out at 9:45 a.m. ET. ISM manufacturing data including new orders, prices, employment and PMI for last month is then expected at 10 a.m. ET. An update on construction spending in December is also due out at 10 a.m. ET. Auctions will be held Monday for $54 billion of 13-week bills and $51 b

Bonds: Treasury yields dip slightly of speech from Fed Chair Powell

  cnbc.com Vicky McKeever 2 minutes U.S. Treasury yields wavered on Wednesday morning, ahead of a speech by Federal Reserve Chairman Jerome Powell later in the day. The yield on the benchmark 10-year Treasury note dipped slightly to 1.031% shortly after 7 a.m. ET, while the yield on the 30-year Treasury bond fell to 1.789%. Yields move inversely to prices. U.S. government bond yields were modestly lower early in the trading session, with Powell expected to give an update on the central bank's economic outlook and monetary policy amid the pandemic. Many investors hope Powell and his colleagues  will steer clear of the word "tapering,"  the process by which the central bank would curb its monthly bond purchases that have helped keep the financial system adrift with cash and encouraged investors to take on risk despite rich equity valuations. The Fed is due to release its interest rate decision at 2 p.m. ET, with Powell

Bonds: Treasury yields slump amid state coronavirus restrictions

  Vicky McKeever 2 minutes - Source: CNBC U.S. Treasury yields fell on Thursday as the country’s death toll from the coronavirus topped 250,000 and states sought to impose restrictions in order to curb the spread of the virus. The yield on the benchmark 10-year Treasury note slipped to 0.849% at 5:22 a.m. ET, while the yield on the 30-year Treasury bond fell to 1.575%. Yields move inversely to prices. Treasurys TICKER COMPANY YIELD CHANGE %CHANGE US3M U.S. 3 Month Treasury 0.071 -0.015 0.00 US1Y U.S. 1 Year Treasury 0.107 -0.002 0.00 US2Y U.S. 2 Year Treasury 0.173 -0.002 0.00 US5Y U.S. 5 Year Treasury 0.389 -0.009 0.00 US10Y U.S. 10 Year Treasury 0.86 -0.022 0.00 US30Y U.S. 30 Year Treasury 1.59 -0.03 0.00 Treasury yields dipped as confirmed deaths from the coronavirus in the U.S. surpassed a quarter of a million, at 250,537, according to data compiled by Johns Hopkins University. A handful of states and cities in the U.S. are

Bonds: Treasury yields flat as investors monitor the coronavirus development

  Vicky McKeever 2-3 minutes - Source: CNBC U.S. Treasury yields were little changed on Wednesday, as disappointing U.S. retail sales dampened optimism on recent news of two effective coronavirus vaccines. The yield on the benchmark 10-year Treasury note was flat at 0.867%, while the yield on the 30-year Treasury bond fell slightly to 1.612%. Yields move inversely to prices. Treasurys TICKER COMPANY YIELD CHANGE %CHANGE US3M U.S. 3 Month Treasury 0.091 0.005 0.00 US1Y U.S. 1 Year Treasury 0.112 0.00 0.00 US2Y U.S. 2 Year Treasury 0.175 0.00 0.00 US5Y U.S. 5 Year Treasury 0.39 0.004 0.00 US10Y U.S. 10 Year Treasury 0.87 -0.002 0.00 US30Y U.S. 30 Year Treasury 1.618 -0.007 0.00 Treasury yields continued to slide after data published Tuesday showed that U.S. retail sales had increased by less than expected in October amid rising cases of the coronavirus. According to the U.S. Commerce Department retail sales grew by 0.3% in October,

Bonds: Treasury yields fall slightly amid rising virus cases.

  Vicky McKeever 2-3 minutes - Source: CNBC Treasury yields dipped on Tuesday as investors await economic data and monitor the rising news daily coronavirus cases in the U.S. The yield on the benchmark 10-year Treasury note fell to 0.896%, while the yield on the 30-year Treasury bond dropped to 1.651%. Yields move inversely to prices. Treasurys TICKER COMPANY YIELD CHANGE %CHANGE US3M U.S. 3 Month Treasury 0.089 0.00 0.00 US1Y U.S. 1 Year Treasury 0.114 -0.003 0.00 US2Y U.S. 2 Year Treasury 0.175 -0.004 0.00 US5Y U.S. 5 Year Treasury 0.39 -0.018 0.00 US10Y U.S. 10 Year Treasury 0.873 -0.033 0.00 US30Y U.S. 30 Year Treasury 1.626 -0.033 0.00 Treasury yields slipped on Tuesday, despite the announcement by Moderna on Monday that trial data showed its coronavirus vaccine was more than 94% effective in preventing Covid-19. Pfizer and BioNTech announced a week earlier that their own vaccine was more than 90% effective against the corona

Bonds: Treasury yields rise as investors dump bonds amid more positive vaccine news

  Yun Li,Vicky McKeever 3 minutes - Source: CNBC U.S. Treasury yields climbed on Monday as more positive news on the Covid-19 vaccine front sent investors out of the safety of government bonds. The yield on the benchmark 10-year Treasury note rose 3 basis points to 0.919%, while the yield on the 30-year Treasury bond also traded higher at 1.675%. Yields move inversely to prices. Treasurys TICKER COMPANY YIELD CHANGE %CHANGE US3M U.S. 3 Month Treasury 0.086 -0.005 0.00 US1Y U.S. 1 Year Treasury 0.114 -0.008 0.00 US2Y U.S. 2 Year Treasury 0.181 0.002 0.00 US5Y U.S. 5 Year Treasury 0.409 0.006 0.00 US10Y U.S. 10 Year Treasury 0.903 0.01 0.00 US30Y U.S. 30 Year Treasury 1.657 0.009 0.00 The advance in yields came after Moderna  said preliminary phase three trial data shows its coronavirus vaccine is more than 94% effective in preventing the coronavirus. It marked the second drugmaker that announced a potentially effective vaccine. A vac

Bonds: Treasury yields fall ahead of jobless claims

  Vicky McKeever 2 minutes - Source: CNBC U.S. Treasury yields fell on Thursday ahead of key economic data due to be released later in the day and a speech by Federal Reserve chair Jerome Powell. The yield on the benchmark 10-year Treasury note dipped to 0.939% at 5:21 a.m. ET, while the yield on the 30-year Treasury bond fell to 1.706%. Yields move inversely to prices. Treasurys TICKER COMPANY YIELD CHANGE %CHANGE US3M U.S. 3 Month Treasury 0.096 0.00 0.00 US1Y U.S. 1 Year Treasury 0.124 0.00 0.00 US2Y U.S. 2 Year Treasury 0.181 -0.004 0.00 US5Y U.S. 5 Year Treasury 0.428 -0.032 0.00 US10Y U.S. 10 Year Treasury 0.939 -0.05 0.00 US30Y U.S. 30 Year Treasury 1.715 -0.045 0.00 Treasury yields traded lower after the U.S. bond market was closed on Wednesday for Veteran’s Day. Fed chair Powell is set to speak at 1:45 p.m. ET. President of Federal Reserve Bank of Chicago, Charles Evans is then set to make a speech at 3 p.m. ET and New Yo

Bonds: 10-year Treasury yield hovers near its highest level since March

  Yun Li,Vicky McKeever 3 minutes - Source: CNBC U.S. Treasury yields held steady on Tuesday as the selling pressures sparked by by the hopeful news of an effective coronavirus vaccine eased. The yield on the benchmark 10-year Treasury note was flat at 0.96%. The 30-year bond rate dipped slightly to 1.745%. Treasurys TICKER COMPANY YIELD CHANGE %CHANGE US3M U.S. 3 Month Treasury 0.096 -0.005 0.00 US1Y U.S. 1 Year Treasury 0.122 -0.005 0.00 US2Y U.S. 2 Year Treasury 0.183 0.00 0.00 US5Y U.S. 5 Year Treasury 0.459 0.012 0.00 US10Y U.S. 10 Year Treasury 0.97 0.012 0.00 US30Y U.S. 30 Year Treasury 1.758 0.007 0.00 The benchmark yield rate reached 0.975% on Monday, its highest point since March 20, following news that a vaccine developed by Pfizer and BioNTech is proven to be more than 90% effective in preventing Covid-19 among those without evidence of prior infection. The news sparked a rally in global stock markets, which had

Bonds: 10-year Treasury yield jumps above 0.9% following vaccine news

  Yun Li,Vicky McKeever 3 minutes - Source: CNBC U.S. Treasury yields jumped on Monday following news that a coronavirus vaccine developed by Pfizer and BioNTech is proven to be 90% effective in a study. The yield on the benchmark 10-year Treasury note jumped 10 basis points to 0.915%, its highest level since June. The yield on the 30-year Treasury bond climbed 11 basis points to 1.713%. Yields move inversely to prices. Treasurys TICKER COMPANY YIELD CHANGE %CHANGE US3M U.S. 3 Month Treasury 0.091 -0.003 0.00 US1Y U.S. 1 Year Treasury 0.129 0.005 0.00 US2Y U.S. 2 Year Treasury 0.173 0.018 0.00 US5Y U.S. 5 Year Treasury 0.425 0.062 0.00 US10Y U.S. 10 Year Treasury 0.922 0.102 0.00 US30Y U.S. 30 Year Treasury 1.713 0.115 0.00 The jump in yields came after U.S. pharmaceutical giant  Pfizer  and German biotech firm  BioNTech  announced Monday their coronavirus vaccine was more than 90% effective in preventing Covid-19 among those witho

Bonds: Treasury yields sink lower as election uncertainty continues

  Vicky McKeever 2-3 minutes - Source: CNBC U.S. Treasury yields fell further on Thursday as a nail-biting presidential race continued, with incoming results still to determine which candidate would win the election. The yield on the benchmark 10-year Treasury note fell to 0.725% at 5:30 a.m. ET while the yield on the 30-year Treasury bond slipped to 1.486%. Yields move inversely to prices. Treasurys TICKER COMPANY YIELD CHANGE %CHANGE US3M U.S. 3 Month Treasury 0.091 -0.003 0.00 US1Y U.S. 1 Year Treasury 0.127 0.003 0.00 US2Y U.S. 2 Year Treasury 0.151 0.006 0.00 US5Y U.S. 5 Year Treasury 0.328 0.005 0.00 US10Y U.S. 10 Year Treasury 0.763 -0.005 0.00 US30Y U.S. 30 Year Treasury 1.53 -0.019 0.00 U.S. government bond yields continued to fall from previous session lows, as results from a handful of states were still incoming. Both the incumbent Republican President Donald Trump and Democrat challenger, former Vice President Joe Bid