At 8:15 ADP was expected to report 46,000 non-farm and non-government jobs were created last month but the number came in at just 22,000. The ADP report never carries the weight of the BLS report, but without one of those likely due to the shutdown, I thought today might be different, but it wasn’t. Processing […]
ADP jobs miss barely registers in choppy Treasury trade Read More »
After opening softer yesterday, treasuries caught bids just after 9:00 which carried the 5-year yield below Monday’s low while the 10-year yield fell just short, but the rallies ended shortly after a much weaker than expected Consumer Confidence number came out at 10:00. Processing Content The FOMC meeting is at 2:00 this afternoon but there
Markets flash mixed signals ahead of the Fed Read More »
I’d be less than honest if I said I wasn’t surprised how well the treasuries traded yesterday. Not that they were that strong — at their best levels yields were barely down 3 bps — but the 10-year did leave a bullish gap, the 30-year yield made it all the way back into the range
Treasuries tread water as gold and dollar break away Read More »
(Bloomberg) — Treasuries rose after robust demand for an auction of two-year notes showed that expectations for Federal Reserve interest-rate cuts later this year remain a powerful inducement for buyers of US government debt. Processing Content The advance pushed yields lower across tenors, with rates on long-dated bonds closing at their lowest level in more
Treasuries extend gains after strong two-year note auction Read More »
Treasuries opened with bids this morning in what looks like a continuation of the recoveries which began last Tuesday for the 10-year and 30-year, though not so much for the 5-year. Processing Content From low yields posted the week before last, the charts of the various maturities look so different they may as well be
Treasury curve sends conflicting signals pre-Fed Read More »
(Bloomberg) — An auction of 20-year Treasury bonds drew good demand, suggesting investors were assuaged by the rise in yields sparked by US aggression over control on Greenland and challenging fiscal conditions globally. Processing Content The $13 billion auction was awarded at 4.846%, about a basis point lower than its yield in trading just before
U.S. 20-year bond auction draws good demand at higher yield Read More »
After months of choppy trading in treasuries, a good deal of technical damage was done yesterday. The only good takeaway was that the high yields for the day were made in the first 15 minutes, and that really was good since stocks continued to fall until the SPX closed 145 points lower, and gold continued
Treasury yields break key levels as risk assets slide Read More »
Treasuries slid as investors anticipated Friday’s December employment data and possible Supreme Court strike-down of tariffs that have improved the US fiscal position. Processing Content Yields across maturities were higher by less than three basis points after rebounding from session lows. US economic data showing improved productivity, weekly initial jobless claims near recent lows and
Treasuries slip ahead of jobs report, possible tariffs ruling Read More »
(Bloomberg) — Treasuries rose after the first batch of this week’s US economic reports was weaker than expected, with gains extending amid hefty buying of bullish options targeting a decline in the benchmark 10-year yield below 4% in the coming weeks. Processing Content Yields gravitated back toward session lows — down three to four basis
Treasuries rise on weak U.S. manufacturing, bullish option trades Read More »
Treasury yields climbed to the highest in more than two months, following losses in most global government-bond markets, ahead of a Federal Reserve interest-rate decision that may alter expectations for monetary policy in 2026. US yields rose from 2 to 3 basis points across the curve, with intermediate maturities proving the weakest. The market trimmed
US treasury yields hit multimonth highs as focus shifts to Fed Read More »