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  • U.S. 2-Year Treasury Yield Rise after Fed Announcement U.S. Treasury yields increased on Wednesday after the Federal Reserve kept its near-term outlook on interest rate hikes and announced it will start reversing next month a massive bond-purchase program which started during the financial crisis.The U.S. 2-year Treasury yield rose following the announcement and notched a peak of 1.451 percent, its highest level since Nov. 5, 2008.U.S. bond yields increased, pulling up the dollar following the Fed's decision, but U.S. benchmark stock indexes were flat. U.S. benchmark 10-year Treasury note yields were up as far as 2.29 percent, the highest since Aug. 8, a move which supported bank stock prices to go higher. The U.S. 30-year Treasury yield also briefly climbed before trading marginally lower near 2.81 percent. In its policy statement, the Fed noted low unemployment, growth in business investment, and an economic expansion that has been moderate but strong in 2017 as justifying i..

    Prime News: U.S. 2-Year Treasury Yield Rise after Fed Announcement

    U.S. 2-Year Treasury Yield Rise after Fed Announcement U.S. Treasury yields increased on Wednesday after the Federal Reserve kept its near-term outlook on interest rate hikes and announced it will start reversing next month a massive bond-purchase program which started during the financial crisis.The U.S. 2-year Treasury yield rose following the announcement and notched a peak of 1.451 percent, its highest level since Nov. 5, 2008.U.S. bond yields increased, pulling up the dollar following the Fed's decision, but U.S. benchmark stock indexes were flat. U.S. benchmark 10-year Treasury note yields were up as far as 2.29 percent, the highest since Aug. 8, a move which supported bank stock prices to go higher. The U.S. 30-year Treasury yield also briefly climbed before trading marginally lower near 2.81 percent. In its policy statement, the Fed noted low unemployment, growth in business investment, and an economic expansion that has been moderate but strong in 2017 as justifying i..
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  • Treasuries Move To The Downside Following Fed Announcement After showing a lack of direction for much of the day, treasuries came under pressure following the Federal Reserve's monetary policy announcement on Wednesday. Bond prices showed a notable move to the downside but climbed off their worst levels going into the close. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, rose by 3.4 basis points to 2.277 percent. With the increase on the day, the ten-year yield extended the upward trend seen in recent sessions, reaching its highest closing level in over a month. The weakness among treasuries came after the Fed left interest rates unchanged as widely expected but signaled another rate hike is likely this year. The Fed's projections pointed to a quarter basis point rate increase later this year, with the rate hike widely expected to come at the December meeting. "We had suspected that the recent softness of core inflation ..

    Treasuries Move To The Downside Following Fed Announcement

    Treasuries Move To The Downside Following Fed Announcement After showing a lack of direction for much of the day, treasuries came under pressure following the Federal Reserve's monetary policy announcement on Wednesday. Bond prices showed a notable move to the downside but climbed off their worst levels going into the close. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, rose by 3.4 basis points to 2.277 percent. With the increase on the day, the ten-year yield extended the upward trend seen in recent sessions, reaching its highest closing level in over a month. The weakness among treasuries came after the Fed left interest rates unchanged as widely expected but signaled another rate hike is likely this year. The Fed's projections pointed to a quarter basis point rate increase later this year, with the rate hike widely expected to come at the December meeting. "We had suspected that the recent softness of core inflation ..
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  • Treasuries Move Modestly Lower Ahead Of Fed Announcement Treasuries moved modestly lower over the course of the trading day on Tuesday, extending the downward trend seen over the past several sessions. Bond prices drifted to the downside in morning trading and remained in the red throughout the afternoon. As a result, the yield on the benchmark ten-year note, which moves opposite of its price, edged up by 1.4 basis points to 2.243 percent. The modestly lower close by treasuries came as traders looked ahead to the Federal Reserve's monetary policy announcement on Wednesday. While the Fed is widely expected to leave interest rates unchanged, traders are likely to pay close attention to the accompanying statement for clues about the outlook for policy. On the U.S. economic front, the Commerce Department released a report showing an unexpected decrease in new residential construction in the month of August. The report said housing starts fell by 0.8 percent to an annual ra..

    Treasuries Move Modestly Lower Ahead Of Fed Announcement

    Treasuries Move Modestly Lower Ahead Of Fed Announcement Treasuries moved modestly lower over the course of the trading day on Tuesday, extending the downward trend seen over the past several sessions. Bond prices drifted to the downside in morning trading and remained in the red throughout the afternoon. As a result, the yield on the benchmark ten-year note, which moves opposite of its price, edged up by 1.4 basis points to 2.243 percent. The modestly lower close by treasuries came as traders looked ahead to the Federal Reserve's monetary policy announcement on Wednesday. While the Fed is widely expected to leave interest rates unchanged, traders are likely to pay close attention to the accompanying statement for clues about the outlook for policy. On the U.S. economic front, the Commerce Department released a report showing an unexpected decrease in new residential construction in the month of August. The report said housing starts fell by 0.8 percent to an annual ra..
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  • China increased its holdings of U.S. Treasuries to its highest level in almost a year, reflecting the effectiveness of the government policies aimed to curb capital outflow. According to data released by the Treasury Department, China's holdings of U.S. bonds, notes and bills for the sixth consecutive month by $1.17 trillion in July. This denotes an increase of $19.5 billion U.S. Treasury holdings from a month earlier. Meanwhile, Japan held $1.11 trillion, up by $22.3 billion from June, notching the biggest increase in almost four years. In June, China reclaimed its spot as the biggest foreign holder of U.S. Treasuries, a position held by Japan for eight months. The two nations represent over one-third of all ownership of Treasuries abroad, which rose by $78.7 billion, amounting to $6.25 trillion in July, the data showed. The latest figures are the highest foreign investors' holdings of U.S. Treasuries since June last year. China forex reserves climbed for the sevent..

    Prime News: China Boosts Treasury Holdings to Near One-Year Peak

    China increased its holdings of U.S. Treasuries to its highest level in almost a year, reflecting the effectiveness of the government policies aimed to curb capital outflow. According to data released by the Treasury Department, China's holdings of U.S. bonds, notes and bills for the sixth consecutive month by $1.17 trillion in July. This denotes an increase of $19.5 billion U.S. Treasury holdings from a month earlier. Meanwhile, Japan held $1.11 trillion, up by $22.3 billion from June, notching the biggest increase in almost four years. In June, China reclaimed its spot as the biggest foreign holder of U.S. Treasuries, a position held by Japan for eight months. The two nations represent over one-third of all ownership of Treasuries abroad, which rose by $78.7 billion, amounting to $6.25 trillion in July, the data showed. The latest figures are the highest foreign investors' holdings of U.S. Treasuries since June last year. China forex reserves climbed for the sevent..
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  • U.S. government bond prices rallied on Tuesday, pushing down yields after North Korea's latest nuclear test triggered the demand for Treasuries and other assets perceived as safe-haven. The 10-year benchmark Treasury yield ended down 8.5 basis points to 2.072 percent, its lowest since November 9. Meanwhile, the yield on the 30-year bond fell 7.8 basis points to 2.689 percent, also its lowest level since November 8. The two-year note yield lost 5.4 basis points to 1.292 percent. Treasury yields declined in the first U.S. trading sessions since the geopolitical tension with North Korea flared up over the weekend. North Korea tested a nuclear bomb on Sunday, prompting the U.S. to issue a strongly worded response and tell the U.N. Security Council that Pyongyang was asking for war. South Korea also cautioned that its northern counterpart could be preparing for another test of its intercontinental ballistic missile. As geopolitical concerns from the Asia-Pacific region show no ind..

    Prime News: Treasury Yields Skid as North Korea Triggers Investors’ Flight to Safety

    U.S. government bond prices rallied on Tuesday, pushing down yields after North Korea's latest nuclear test triggered the demand for Treasuries and other assets perceived as safe-haven. The 10-year benchmark Treasury yield ended down 8.5 basis points to 2.072 percent, its lowest since November 9. Meanwhile, the yield on the 30-year bond fell 7.8 basis points to 2.689 percent, also its lowest level since November 8. The two-year note yield lost 5.4 basis points to 1.292 percent. Treasury yields declined in the first U.S. trading sessions since the geopolitical tension with North Korea flared up over the weekend. North Korea tested a nuclear bomb on Sunday, prompting the U.S. to issue a strongly worded response and tell the U.N. Security Council that Pyongyang was asking for war. South Korea also cautioned that its northern counterpart could be preparing for another test of its intercontinental ballistic missile. As geopolitical concerns from the Asia-Pacific region show no ind..
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  • From the Treasury in NZ, their monthly report on the economy Summary: - Retail spending picked up in the June quarter and momentum is likely to have continued into the September quarter. There is evidence of some Lions tour effects across the two quarters. As you'd expect, painting a picture of a robust NZ economy and highlighting some

    New Zealand Treasury’s Monthly Economic Indicators out now

    From the Treasury in NZ, their monthly report on the economy Summary: - Retail spending picked up in the June quarter and momentum is likely to have continued into the September quarter. There is evidence of some Lions tour effects across the two quarters. As you'd expect, painting a picture of a robust NZ economy and highlighting some
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  • Treasuries Turn Lower Following Disappointing Jobs Data After an early move to the upside, treasuries moved notably lower over the course of the trading session on Friday. Bond prices pulled back into negative territory and remained in the red for the remainder of the day. As a result, the yield on the benchmark ten-year note, which moves opposite of its price, rose by 3.6 basis points to 2.157 percent. The downturn by treasuries came following the release of a report from the Labor Department showing weaker than expected job growth in the month of August. The Labor Department said non-farm payroll employment climbed by 156,000 jobs in August compared to expectations for an increase of about 180,000 jobs. The report also said the job growth in June and July was downwardly revised to 210,000 jobs and 189,000 jobs, respectively, reflecting a net downward revision of 41,000 jobs. Reflecting the weaker than expected job growth, the unemployment rate inched up to 4.4 percent in..

    Treasuries Turn Lower Following Disappointing Jobs Data

    Treasuries Turn Lower Following Disappointing Jobs Data After an early move to the upside, treasuries moved notably lower over the course of the trading session on Friday. Bond prices pulled back into negative territory and remained in the red for the remainder of the day. As a result, the yield on the benchmark ten-year note, which moves opposite of its price, rose by 3.6 basis points to 2.157 percent. The downturn by treasuries came following the release of a report from the Labor Department showing weaker than expected job growth in the month of August. The Labor Department said non-farm payroll employment climbed by 156,000 jobs in August compared to expectations for an increase of about 180,000 jobs. The report also said the job growth in June and July was downwardly revised to 210,000 jobs and 189,000 jobs, respectively, reflecting a net downward revision of 41,000 jobs. Reflecting the weaker than expected job growth, the unemployment rate inched up to 4.4 percent in..
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  • Morrison speaking at a Bloomberg event, this comment from the Q&A The event is live on twitter if you'd like to listen in, @BloombergAU

    Australian Treasurer Morrison: Maintaining AAA imposes strong discipline on government

    Morrison speaking at a Bloomberg event, this comment from the Q&A The event is live on twitter if you'd like to listen in, @BloombergAU
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  • U.S. government bonds climb on Tuesday, pushing down yields to their lowest levels since late last year as revived market worries after a North Korean missile launch triggered investors to pour into assets perceived as safe-havens. Yield on the 10-year Treasury note fell to as low as 2.09 percent on early Tuesday, but managed to slightly recover and settle 2.4 bps lower at 2.134 percent. The yield on the benchmark note is the lowest since November 9, according to the data provided by FactSet, one day after Donald Trump won in the presidential election which caused a selloff in the Treasury market. In the afternoon, the 10-year T-note yield somewhat regained footing as the U.S. dollar reversed losses it incurred earlier and the S&P 500 turned slightly higher on the day. It was due to the strong response of the U.S. government to the missile launch, according to analysts. Yield on the two-year Treasury note lost 1 bps to 1.321 percent, while the yield on the 30-year Treasury bond re..

    Prime News: Treasury Yields Skid to Post-Election Lows on Rising Geopolitical Tensions

    U.S. government bonds climb on Tuesday, pushing down yields to their lowest levels since late last year as revived market worries after a North Korean missile launch triggered investors to pour into assets perceived as safe-havens. Yield on the 10-year Treasury note fell to as low as 2.09 percent on early Tuesday, but managed to slightly recover and settle 2.4 bps lower at 2.134 percent. The yield on the benchmark note is the lowest since November 9, according to the data provided by FactSet, one day after Donald Trump won in the presidential election which caused a selloff in the Treasury market. In the afternoon, the 10-year T-note yield somewhat regained footing as the U.S. dollar reversed losses it incurred earlier and the S&P 500 turned slightly higher on the day. It was due to the strong response of the U.S. government to the missile launch, according to analysts. Yield on the two-year Treasury note lost 1 bps to 1.321 percent, while the yield on the 30-year Treasury bond re..
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  • Treasury Auctions $26 Billion Worth Of Two-Year Notes Kicking off this week's series of long-term securities auctions, the Treasury Department sold $26 billion worth of two-year notes on Monday, attracting slightly above average demand. The two-year note auction drew a high yield of 1.345 percent and a bid-to-cover ratio of 2.86. Last month, the Treasury also sold $26 billion worth of two-year notes, drawing a high yield of 1.395 percent and a bid-to-cover ratio of 3.06. The bid-to-cover ratio is a measure of demand that indicates the amount of bids for each dollar worth of securities being sold. The ten previous two-year note auctions had an average bid-to-cover ratio of 2.78.

    Treasury Auctions $26 Billion Worth Of Two-Year Notes

    Treasury Auctions $26 Billion Worth Of Two-Year Notes Kicking off this week's series of long-term securities auctions, the Treasury Department sold $26 billion worth of two-year notes on Monday, attracting slightly above average demand. The two-year note auction drew a high yield of 1.345 percent and a bid-to-cover ratio of 2.86. Last month, the Treasury also sold $26 billion worth of two-year notes, drawing a high yield of 1.395 percent and a bid-to-cover ratio of 3.06. The bid-to-cover ratio is a measure of demand that indicates the amount of bids for each dollar worth of securities being sold. The ten previous two-year note auctions had an average bid-to-cover ratio of 2.78.
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