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June 21, 2007
by Elaine Frei
Two-year US Treasury bonds saw yields decline as prices rose a bit. Investors were looking for safe, short-period places to put their money as problems in the subprime mortgage business again surfaced. There are concerns that the trouble in that part of the mortgage sector could extend into the full sector. The two-year paper was yielding 4.96 percent on ...
June 15, 2007
by Elaine Frei
Prices for US Treasury bonds were higher on Friday on declining consumer sentiment, benign inflation figures and weaker than anticipated industrial output data. Core inflation was at 2.2 percent in May, below the 2.3 percent analysts had been expecting and nearing the Federal Reserve’s target of between 1 and 2 percent.
Two-year Treasury bonds were yielding 5.07 percent, down from Thursday’s yield ...
June 13, 2007
by Elaine Frei
Government bond yields in the UK and the Eurzone reached multi-year highs in afternoon trade in London on Wednesday. The ten-year gilt in the UK was 8.4 basis points higher to 5.514 percent, a nine-year high. Meanwhile, the ten-year Bund added 6.3 basis points to a yield of 4.676 percent, the highest yield on the ...
June 11, 2007
by Elaine Frei
Prices on US Treasury bonds fell again on Monday as a Federal Reserve official made comments indicating that there are not any interest rate cuts forthcoming from the Fed anytime soon. Sandra Pianalto, President of the Cleveland Federal Reserve, told a Dublin conference that inflation is still a risk and that the priority of the Fed is ...
June 7, 2007
by Elaine Frei
Yields on US Treasury bonds went above 5 percent on Thursday for the first time since August 2006 as investors sold off government paper amid worries about interest rates. Trade was extremely heavy, and by early afternoon in New York, the two-year bond had added 8 basis points to a yield of 5.02 percent, while ten-year paper had advanced ...
June 5, 2007
by Elaine Frei
US Treasury bonds saw prices fall and yields rise on Tuesday after the Institute for Supply Management reported that its services index was at 59.7 in May. Most analysts had predicted that it would decline to 55.3 during the month.
Two-year Treasury bonds yielded 5 percent as prices dropped by 63 cents on a $1,000 note. It was the ...
June 1, 2007
by Elaine Frei
Prices for US Treasury bonds were lower and yields rose after new data dashed hopes that the Federal Reserve might cut interest rates this year. May saw 157,000 new non-farm jobs created in the United States, while the Institute for Supply Management showed that US manufacturing activity grew in May. Most analysts agree that the trend toward higher bond ...
May 30, 2007
by Elaine Frei
Prices for US Treasury bonds were higher on Wednesday after the release of the minutes from this month’s meeting of the Federal Reserve and an auction of $13 billion in five-year paper. The auction drew a bid-to-cover ration of 2.60, higher than at the April auction, but only drew indirect bids of about 19 percent, much lower than April’s figure ...
May 29, 2007
by Elaine Frei
Prices for US Treasury bonds dropped again and yields rose after a new auction of two-year paper on Tuesday disappointed. The auction drew 2.53 bid-to-cover ratio, below the 2.93 level of the most recent auction and below the average ratio of 2.8 for 2-year auctions in the past six months. Indirect bids were lower as well, down ...
May 25, 2007
by Elaine Frei
Prices were lower again on Friday on US Treasury bonds, and yields were up slightly as equities markets were stronger and economic news continues to indicate that the Federal Reserve is not likely to cut interest rates anytime soon.
Two-year Treasury bonds yielded 4.86 percent late on Friday, while five-year paper was at a yield of 4.8 percent. Yields on ten-year bonds ...
May 24, 2007
by Elaine Frei
Prices fell and yields rose on US Treasury bonds on Thursday after new data showed that new homes sales in the US were up by 16.2 percent in April as prices fell 11 percent. The decline in home prices was an all-time record, while the gain in sales was the biggest in 14 years. The new figures ...
May 22, 2007
by Elaine Frei
Yields were up again on US Treasury bonds, following new data from the Eurozone that sent yields on the Bunds there higher and made it more likely that the European Central Bank will raise interest rates again soon. The price drops and gains in yields came on a lack of major economic news in the US. ...
May 18, 2007
by Elaine Frei
Yields on US Treasury bonds were higher and prices fell on Friday as investors put their money into equities markets instead of bonds. In addition, new economic data released during the week has tended to hurt the chances that US interest rates will fall later in the year. Among bond-negative data was Friday’s report from the Reuters/University of Michigan Surveys ...
May 15, 2007
by Elaine Frei
Prices for US Treasury bonds were lower and yields increased slightly after the US Labor Department issued new data showing that consumer inflation was up less than it had been expected to rise in April. Consumer prices were up 0.4 percent during the month, while core prices were up by 0.2 percent.
At the same time, the Empire State Manufacturing ...
May 11, 2007
by Elaine Frei
After gains early in the day prompted by core producer price data that was steady, prices on US Treasury bonds fell on Friday afternoon and yields rose as investors favored stocks over bonds. Two-year Treasury bonds yielded 4.701 percent early in the afternoon, while ten-year paper was yielding 4.660 percent. Thirty-year paper yielded 4.835 percent. Also playing into a ...
May 9, 2007
by Elaine Frei
US Treasury bond prices were lower and yields rose after the Federal Reserve decided to leave interest rates on hold for another month. There was disappointment in some quarters that the Fed reiterated its determination to fight inflation because that means that more interest rate hikes could be coming at a time there had been hopes that rates might come ...
May 7, 2007
by Elaine Frei
Prices on 30-year US Treasury bonds rose and yields fell on Monday after weak jobs data on Friday and ahead of Wednesday’s scheduled decision on interest rates from the US Federal Reserve. The 30-year issues yielded 4.8 percent in early afternoon trade, just below Friday’s late quote of 4.81 percent.
Shorter-dated issues were little-changed. Two-year paper prices were ...
May 3, 2007
by Elaine Frei
Yields were up as prices fell on US Treasury bonds on Thursday. The price declines came on new data showing growth in the US service sector. In addition, jobless claims at their lowest level since January and gains in the stock market contributed to the lower bonds prices.
Two-year Treasury bonds were yielding 4.70 percent in mid-afternoon trade ...
April 30, 2007
by Elaine Frei
Prices on US Treasury bonds were higher on Monday, sending yields lower as data indicated that inflation might be dropping closer to targets set by the US Federal Reserve. If the trend continues, some analysts say, the Fed could cut interest rates before the year is out. The Fed’s favorite measure of inflation, the Personal Consumption Expenditure (PCE) ...
April 26, 2007
by Elaine Frei
Prices on US Treasury bonds fell and yields rose slightly on Thursday after an auction of $13 billion in five-year notes drew average demand. Analysts said that there was no one single reason that prices were down, although some investors might be waiting to see the government’s first estimates of US gross domestic product in the first quarter, due on ...
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