A Fool and His Money Oct 1, 2009
Gross has gone from a Treasury bond skeptic to a Treasury Bond buyer. In a Sept. 29 Bloomberg News , Gross said he's been buying longer maturity Treasuries in recent weeks as protection against deflation. (Human Events Online)
HSBC bids farewell to dollar supremacy... Sep 25, 2009
Why is the 10 year Treasury bond rising in price when it should be falling because of pending inflation and a collapsing currency. The smart money is in the bond market and they are betting on deflation. (The Drudge Report)
The Case for Higher Interest Rates Sep 24, 2009
There is no giant pool of domestic savings, and battered American investors still have options that may be more appealing than a 2 percent yield on a Treasury bond. Without a domestic cache of surplus capital on the same scale as its borrowing needs, the U.S. Treasury has to borrow stupendous sums from overseas investors Asian central banks, oil exporters, etc. (The American Conservative)
CME launching long-term Treasury futures Sep 23, 2009
(AP) Derivatives exchange operator said Tuesday it plans to launch long-term U.S. Treasury bond futures, with trading expected to begin early next year. "The Long-Term Treasury Bond futures are being launched in response to strong customer demand for a contract that mimics the duration of a 30-year Treasury bond," said Robin Ross, CME Group's managing director of interest rate products ... CME Group, which owns the Chicago Mercantile Exchange (CME), Chicago Board of Trade (CBOT), and the New... (Crain's Chicago Business)
Asian Shares Subdued, Kiwi Hits 13-Month High Sep 22, 2009
Treasury bond futures fell after the Bank of Korea said it was ready to use monetary policy to help calm rising property prices. "We will take proper steps (against rising property prices) including monetary policy if necessary, taking a look at conditions of financial markets and the economy in the future," the central bank said in a draft version of a report to parliament obtained by Reuters. (ABC News -- Wire)
Wall St ends weaker as rally pauses Sep 22, 2009
Wall Street ends weaker as rally pauses- Global Markets-Markets-The Economic Times. Wall Street ends weaker as rally pauses22 Sep 2009, 0347 hrs IST, AGENCIES. (India Times)
Asia Stocks Edge up, Dollar Runs out of Steam Sep 22, 2009
Treasury bond futures fell after the Bank of Korea said it was ready to use monetary policy to help calm rising property prices. FED WATCH. (ABC News -- Business)
Asian shares rally as mood brightens Sep 17, 2009
Korean December treasury bond futures meanwhile turned slightly higher after the Ministry of Finance reaffirmed its opposition to an early exit from economic stimulus and warned that the economy faced high uncertainty. "The finance minister's comments gave some relief to debt investors while the waning strength in stock markets also helped," said Kim Dong-whan at HI Investment & Securities. (Sydney Morning Herald -- Business)
How Banks Should Manage Risk Sep 15, 2009
"If lots of clients have exposure to the short end of the [Treasury bond] yield curve and the yield curve were to steepen, all my accounts would get hit.". To deal with that possibility, RiskMetrics recommends that firms at least inform their clients of these concentrated positions and then suggest rebalancing their positions or hedging their existing exposure. (BusinessWeek)
US stocks slip amid profit-taking Sep 13, 2009
"Market action says the correction is over and we thus removed the word 'cautious' from our advice to be short-term cautiously optimistic. Starting about two weeks ago, we advised investors to buy (on) intraday pullbacks. We now simply say 'be a buyer','' he said. Bonds stabilised. The yield on the 10-year Treasury bond crept up to 3.343 per cent from 3.342 per cent on Thursday while that on the 30-year bond was unchanged at 4.175 per cent. Bond yields and prices move in opposite directions. AFP... (Sydney Morning Herald -- Business)
Overview: Optimism puts equities on positive track Sep 11, 2009
US rallied sharply on Thursday afternoon to a new high for the year, accompanied by a big drop in Treasury bond yields, higher commodity prices and a weaker dollar. EDITORS CHOICE. (FT.com -- Markets)
Wall Street rallies on jobs data Sep 11, 2009
Wall Street stocks hit fresh highs for the year following a shaky start on Thursday, after encouraging data on jobs and a successful Treasury bond auction reassured investors. The US governments weekly jobless claims report showed 550,000 Americans had filed for their first week of unemployment benefits last week. (FT.com -- Markets)
Possible October surprises Sep 9, 2009
From December to June, 10-year Treasury bond yields backed up from 2 ... However, yields then backed off; the 10-year Treasury bond is currently yielding about 3 ... At any moment, a modest resurgence in US inflation or difficulty in a long dated T-bond auction could cause confidence to flee the Treasury bond market and yields to leap uncontrollably upwards. (Asia Times Online)
Health Care: The HSA Solution Sep 8, 2009
A separate type of federal inflation-proof Treasury bond may be created specifically for such an investment, thereby guaranteeing that as long as the United States exists, so does your healthcare savings. To encourage seniors to avoid spending the account on unnecessary healthcare, ten percent of any excess of the government-provided annual HSA amount may be withdrawn at the end of the year tax-free. (Human Events Online)
Uganda: Offshore Investors Help Shore-Up Shilling Sep 7, 2009
The central bank has invited bids for a sh70b Treasury bond auction scheduled for September 9. This is an increase from the previous auction two weeks ago where it offered sh40b. (allAfrica.com)
Wall St rally after unemployment data Sep 5, 2009
The yield on the 10-year Treasury bond rose to 3. 442 percent from 3. (India Times)
Treasury Bond Market at a Glance Sep 3, 2009
By The Associated Press September 2, 2009 (AP) The Associated Press. Key barometers in the Treasury market late Wednesday, compared with late Tuesday. (ABC News -- Wire)
US stocks fall after China sell-off Sep 1, 2009
The yield on the 10-year US Treasury bond fell to 3. 401 percent from 3. (India Times)
Stocks, Commodities Advance as Yen, Bonds Drop; Dell, L'Oreal Shares Gain Aug 29, 2009
The 10-year Treasury bond dropped as U.S. consumer spending rose, pushing its yield 5 basis points higher. the worlds second-biggest maker of personal computers, posted second-quarter profit that topped analysts estimates on sales of server and storage devices. (Bloomberg -- Canada)
Bonds: Is Now the Time to Buy Long-Term Munis? Aug 27, 2009
Robert MacIntosh, co-head of the municipal bond group and chief economist at Eaton Vance, compares the yield of a typical high-quality municipal bond to the yield of the 30-year U.S. Treasury bond ... "Tax-exempt yields are too high relative to the U.S. Treasury bonds and, therefore, should outperform long-maturity U.S. Treasuries over time," he says. (BusinessWeek)
Brazil Rebuilds U.S. Treasury Holdings, Says Sales Were Not Long-Term Plan Aug 26, 2009
Aug. 25 (Bloomberg) -- Brazilian central bank President said the country has partially rebuilt its U.S. Treasury bond holdings and has no set policy to move money out of the securities. Brazil, the fourth-largest foreign owner of Treasuries, has been buying the bonds after it sold some months earlier in anticipation of a decline in prices, Meirelles said. (Bloomberg -- Latin America)
U.S. Housing, Confidence Data Point to Recovery Aug 26, 2009
Treasury bond prices initially fell as signs of a resurgent economy reduced interest in safer investments, but later rose after decent demand for an auction of two-year notes. The Conference Board, an industry group, said consumer confidence climbed to a reading of 54. (ABC News -- Wire)
Freddie Mac: Mortgage rates fall sharply Aug 22, 2009
U.S. Treasury bond yields fell nearly a quarter of a percentage point over the week, and other long-term yields followed suit, says Frank Nothaft, chief economist at Freddie Mac (NYSE:FRE). Interest rates on 30-year and 15-year fixed-rate mortgages fell to the lowest level since the end of May. (Charlotte Business Journal, NC)
Mortgage rates lowest since late May Aug 21, 2009
Frank Nothaft, Freddie Mac's chief economist, said Treasury bond yields fell nearly a quarter of a percentage point over the week, bringing mortgage rates down. The yield on the benchmark 10-year Treasury note rose Thursday to 3. (USA Today -- Money)
Pimco: Stock Rally Has Hit a Wall Aug 19, 2009
El-Erian said PIMCO participated in last week's 30-year Treasury bond auction. 2009 Reuters. (Newsmax)
Foreign purchase of US securities surge Aug 18, 2009
A trader in the 30-Year Treasury Bond futures pit signals an offer at the Chicago Board of Trade. The US Treasury has said that foreign purchases of US long-term securities surged in June to more than 90 billion dollars, reversing an outflow the previous month. (Yahoo! Asia News)
Trouble Ahead: Obama And The Fed Aug 18, 2009
By calling a permanent halt to the Fed's purchase of still more Treasury bonds and notes, the central bank would be signaling the administration to get its fiscal house in order lest it abort the recovery ... NEWS FLASH: The interest we pay on the US debt is via Treasury bond, bills, notes, etc. (CBS News)
Wall Street US stocks rise as Wal-Mart offsets weak data Aug 14, 2009
Stocks briefly extended gains at midday after a 30-year US Treasury bond auction was well received, providing a boost to confidence in US assets including stocks. Homebuilder shares fell on a string of downgrades, with D.R. Horton down 3. (Sydney Morning Herald -- Business)
Federal Reserve's comments spark Wall Street gains Aug 13, 2009
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Fed holds rates near zero, sees stabilising economy Aug 13, 2009
" But the central bank also said it would begin to pull away from a massive effort to pump liquidity into the financial system through the purchase of Treasury bonds and mortgage-backed securities. The 300-billion-dollar Treasury bond programme will be completed by the end of October, the Fed said, extending the effort by one month. "To promote a smooth transition in markets as these purchases of Treasury securities are completed, the committee has decided to gradually slow the pace of these... (Channelnewsasia.com)
Fed to continue efforts even though economy is healing Aug 10, 2009
Web search enhanced by. Monday August 10, 2009. (The Star Online, Malaysia -- Business)
US Fed to stay supportive with economy Aug 9, 2009
Search brisbanetimes. August 9, 2009 - 2:04PM. (Sydney Morning Herald -- Business)
Public Information Notice: IMF Executive Board Concludes 2009 Article IV Consultation with Australia Aug 8, 2009
Treasury bond yield (10-year, in percent) 4. 5. (IMF News)
Government Mistakes Are Our Problem? Aug 7, 2009
With the crisis in mind; so much debt that even China is worrying about their almost trillion dollar U.S. Treasury bond position, I have decided to outline some choices for the inevitable raising of taxes. Realistically, taxes can generally only come from individuals or family units, small businesses and the large corporations. (Townhall.com)
Asian Stocks Flat as Investors Take a Breather Aug 5, 2009
U.S. Treasuries fell on the housing report and put pressure on South Korean treasury bond futures, with Korean September futures dipping 2 ticks in early trade. Japanese government bonds bounced back though as Japanese stocks retreated and 10-year September JGB futures edged slightly higher. (ABC News -- Wire)
Wall Street rally pushes S&P above 1,000 for first time since Nov 4 Aug 4, 2009
com - Wall Street rally pushes Se 1,000 for first time since Nov 4. Wall Street rally pushes Se 1,000 for first time since Nov 4 Posted: 04 August 2009 0604 hrs. (Channelnewsasia.com)
Recovery rally lifts Asia stocks Aug 4, 2009
The three-year Australian treasury bond future dipped 0. 2 point to the lowest since early October, while the 10-year Japanese government bond future sagged 0. (India Times)
HKEx takes top position from CME Aug 1, 2009
However analysts do not believe ELX backed by banks and Getco, an electronic liquidity provider is likely to make significant inroads on CMEs dominant Treasury bond futures contract. CMEs euro-dollar interest rate futures contract is expected to benefit from rising inflation expectations. (FT.com -- Markets)
Is Bernanke Wise Enough to Exit? Jul 24, 2009
These consist of the dollar, commodities (including gold and energy) and Treasury bond rates. Bernanke has a poor track record here. (Human Events Online)
Bond yields up ahead of auction Jul 24, 2009
US Treasury bond prices dropped sharply on Thursday as stock market gains and impending supply fears combined to make government debt less attractive to investors. Read business stories in. (India Times)
Was Enron right? Jul 22, 2009
20%) to the cost of a home mortgage, expressed as a margin over Treasury bond yields. Both Enron's and Wall Street's trading operations were primarily rent-seeking exercises, and extremely successful ones. (Asia Times Online)
Alarming debt bomb is ticking Jul 13, 2009
Commonly known as the bond-basket arbitrage, yields of a selected group of Commonwealth bonds determine the settlement price of the three-year and 10-year Treasury bond futures. These futures contracts are heavily traded in the market between speculators, hedgers and arbitrageurs around the globe. (Sydney Morning Herald -- Business)
Dow drops on murky economic outlook Jul 12, 2009
"What matters is that the recession's end gives way to a vigorous expansion.'' Among stocks in focus, Chevron fell 2.7 per cent to $US61.40 after the big oil company said it expects revenues for the second quarter to be weaker than in the first quarter. In the tech sector, Yahoo! climbed 2.6 per cent to $US14.93 after a positive brokerage note on the internet giant. Cisco Systems rose 0.9 per cent to $US18.34 after an analyst said he expected the computer networking gia 00004000 nt to cut as... (Sydney Morning Herald -- Business)
Consumers' mood sours in early July Jul 11, 2009
After the report, stocks lost ground and the dollar extended losses against the yen, while Treasury bond prices added to gains, retesting the session highs on a safe-haven bid. The survey's index of consumer expectations fell to 60. (MSNBC -- Business)
Unsatisfactory state Jul 10, 2009
You can quibble about whether there is truly an economic difference between funded and unfunded pensions when, for example, funded American government schemes put money into Treasury bonds ... That suggests the discount rate should be the Treasury bond yield, considered the risk-free rate. (The Economist)
Wall Street US stocks eke out gains Jul 10, 2009
A treasury bond auction of 30-year debt showed signs of strength, providing some cheer for investors concerned about the growing mountain of US government debt. Shares rose to session highs not long after the auction. (Sydney Morning Herald -- Business)
China Fails to Attract Enough Buyers in Government Debt Sales, Traders Say Jul 10, 2009
Over the next six to 12 months we expect monetary tightening to drive the five-year Treasury bond yield back to 4 percent. . (Bloomberg -- Asia)
US stocks slightly up, skepticism remains Jul 10, 2009
In other signs of willingness to take on more risk, Treasury bond prices fell sharply as their safe-haven appeal eroded, and a measure of stock market volatility fell. Analysts expect the market will to continue to drift until investors have a clearer picture from companies of where the economy is headed. (The Star Online, Malaysia -- Business)
Wall St slides ahead of earnings season Jul 8, 2009
The ten-year Treasury bond has taken off and the dollar is strengthening, which is bad news for stocks, said Dave Rovelli, managing director of trading at Cannacord Adams. We got way too positive too soon. (FT.com -- Markets)
Recession's End Close but Recovery Slow to Gather Strength, BNA Survey Finds Jul 3, 2009
Long-term interest rates as measured by the yield of the 10-year Treasury bond will rise to 4. 33 percent by the end of 2010 from an average 3. (PR Newswire)
Shine a light on financial schemes Jul 1, 2009
Low-yielding, conservative investments like money market funds, CD s, and Treasury bonds come to mind. In most cases these return all of the principal plus some interest. (Littleton Independent, MA)
Fiscal-Financial Nexus: The Challenges and Lessons of the Global Crisis, a speech by IMF First Deputy Managing Director John Lipsky Jun 27, 2009
For example, ten-year U.S. Treasury bond yields rose from close to 2 percent last December to around 4 percent recently. To some extent, this increase reflects expectations that the decline in activity is bottoming out, improving risk appetite, and diminishing deflation concerns. (IMF News)
Cash flow change can be helpful to those aiming to pay off an older mortgage Jun 27, 2009
But Warren Buffett has warned about a bubble in the Treasury bond market ... Recently, for instance, yields on tax-free, AAA-rated 30-year municipal bonds were actually higher than yields on same maturity Treasury bonds. (Boston Globe)
US stocks mixed as rally fizzles Jun 27, 2009
He said if benefits, such as lower personal taxes, under the stimulus program were excluded, real disposable personal income "was up just 0.2 per cent'' in May instead of the reported 1.6 per cent rise. Energy and consumer stocks were under pressure as economic data showed that consumers are saving rather than spending money received as part of the stimulus package, Charles Schwab analysts said. Among losers was US aerospace giant Boeing, which fell 1.5 per cent to $US41.88 after Qantas... (Sydney Morning Herald -- Business)
Wall Street Bernanke testimony snaps US stocks' losing streak Jun 26, 2009
An auction of $US27 billion of 7-year notes attracted strong demand, pressuring US Treasury bond yields. The auction completed this week's record $US104 billion sale of Treasury coupons, with all three auctions seeing solid demand. (Sydney Morning Herald -- Business)
Fed signals rates to remain low for some time Jun 26, 2009
Wall Street stocks were mixed and Treasury bond prices fell yesterday even as the. The Fed, as expected, left interest rates unchanged after a two-day meeting and repeated that borrowing costs would stay exceptionally low for some time. (FT.com -- Markets)
Is the Stock Market Cheap or Expensive? Jun 25, 2009
Indeed, whether measured against Treasury bond yields or corporate bond yields, he says, the stock market appears not only fairly valued, it may even be relatively cheap. And with the darkest hours of the financial crisis now behind us, so too, Cooperman believes, are the stock market lows of last March, not likely to be seen again anytime soon. (Time.com)
Dow Slips, but S&P, Nasdaq up After Fed, Oracle Jun 25, 2009
In the U.S. Treasury bond market, the price of the benchmark 10-year note dropped 18/32 lower while its yield jumped to 3. 70 percent from 3. (ABC News -- Wire)
Sifting Through Correction Mode Jun 25, 2009
Treasury bonds, traditionally viewed as a safe haven for investors, have become what I think may be the last, big bubble in the market. With the Obama administration offering nearly $2 trillion in Treasury bonds this year alone, combined with unprecedented market volatility, the ups and downs in the normally stable Treasury market have reflected understandable investor uncertainty ... However, investors looking to play the Treasury market now have an important tool on their side: the PIMCO 1-3... (Human Events Online)
LETTER: Obama breaking the law 'in the public interest' Jun 22, 2009
Kind of like you see with the Federal Reserve having to buy up our own treasury bond offerings with worthless printing press money because the lenders (rest of the world) has wised up to the scam we have been running and is not buying it anymore. Just what we need in the midst of what appears could become the Greater Depression, even tighter credit markets. (Mattoon Journal-Gazette, IL)
Wall St hopes for 'V' to resume rally Jun 20, 2009
"But the signals from stocks, commodities and bond markets suggest that while the next several quarters will be lacklustre, the medium-term outlook could be brighter than many currently suspect.'' Bonds were mixed over the week as some fears about inflation and rate hikes eased. The yield on the 10-year Treasury bond was marginally higher at 3.789 per cent from 3.788 per cent a week earlier while that on the 30-year bond declined to 4.522 per cent from 4.633 per cent. Bond yields and prices move... (Sydney Morning Herald -- Business)
AllianceBernstein Income Fund Releases Monthly Portfolio Update Jun 20, 2009
AllianceBernstein Income Fund, Inc. Top 10 Fixed-Income Holdings Portfolio % 1)U.S. Treasury Bonds 11 ... 56% 5)U.S. Treasury Bond 3 ... 30% 6)U.S. Treasury Bonds 6. (PR Newswire)
China sells US bonds to 'show concern' Jun 17, 2009
AFP/Getty Images/File A trader in the 30-Year Treasury Bond futures pit signals an offer at the Chicago Board of Trade ... "It is unclear whether the reduction will continue because the amount is so small. But the cut signals caution of governments or institutions toward US Treasury bonds," Zhang told Xinhua news agency. (Yahoo News -- Press Releases)
Obama Vows Tougher Wall Street Regulation, Says Unemployment to Reach 10% Jun 17, 2009
He brushed aside concerns that the rise in Treasury bond yields would stifle an economic recovery by pushing up borrowing costs for homebuyers. The 10-year Treasury note yield has increased 0. (Bloomberg -- US)
Commodities Rock on Higher Rates, Utilities Stall: John Dorfman Jun 16, 2009
Traders blamed a large U.S. Treasury bond auction and Russias threats to sell some of its U.S. debt. Get used to it. (Bloomberg -- Columnists)
