Yields gyrate in quiet holiday trade, pressured after 7-year sale
1 week, 6 days ago

Yields gyrate in quiet holiday trade, pressured after 7-year sale

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By Matt Tracy NEW YORK, Dec 26 - The yield on the benchmark U.S. Treasury note pared earlier gains on Thursday following a strong seven-year note auction, after earlier rising to an eight-month high in thin holiday trading in spite of weekly data showing a solid employment picture that should allow the Federal Reserve to adopt a less dovish stance in 2025. The main event of the day was the seven-year note auction, which saw solid demand for the more than $44 billion sold, with high yield accepted of 4.532% about 2 basis points lower than where the when issued was trading around the close of bidding. The two-year U.S. Treasury yield, which typically moves in step with interest rate expectations, was up just 0.4 basis points to 4.334, after earlier reaching 4.367%. A closely watched part of the U.S. Treasury yield curve measuring the gap between yields on two- and 10-year Treasury notes, seen as an indicator of economic expectations, was at a positive 24.3 basis points, marginally flatter than Tuesday's late spread at 24.8 bp.

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Treasuries Post Annual Gain as Fed Starts Interest-Rate Cuts
1 week ago

Treasuries Post Annual Gain as Fed Starts Interest-Rate Cuts

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The US Treasury market ended 2024 with a small gain as inflation resumed edging lower after the first quarter and the Federal Reserve cut interest rates three times. The gain was smaller than the market’s 2023 advance, which followed two straight annual losses for an asset class whose interest payments normally offset price declines caused by rising yields. But the …

Bond Market Has Worst Week in Months With Less Fed Action Seen
3 weeks, 5 days ago

Bond Market Has Worst Week in Months With Less Fed Action Seen

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An orderly selloff in the US government bond market continued for a fifth straight day, with the 30-year bond’s yield posting its biggest weekly increase of the year. Inflation, if anything, is bending up.” The extra yield offered by long- versus short-maturity yields “is not enough at this point of time.” Next week’s Fed meeting includes an updated summary of …

US 10-year yields fall to six-week low after payrolls, markets see green light to December cut
1 month ago

US 10-year yields fall to six-week low after payrolls, markets see green light to December cut

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* Odds of 25-basis point rate cut this month rise to 87% according to FedWatch tool * Two year yields fall to five-week low after payrolls report By Tatiana Bautzer NEW YORK, Dec 6 - U.S. Treasuries yield fell to a six-week low after the release of November payrolls data, as investors considered the numbers as a green light to …

US yields rise, weak demand for 20-year auction
1 month, 2 weeks ago

US yields rise, weak demand for 20-year auction

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By Karen Brettell and Tatiana Bautzer NEW YORK, Nov 20 - U.S. Treasury yields moved higher on Wednesday as the Treasury Department saw weak demand in an auction and traders assessed when the Federal Reserve may pause its interest rate cutting cycle as U.S. economic growth remains above expectations. Investors correctly betting that Republican Donald Trump would win the U.S. …

Yields Soar Before Jobs Report, But Fed's Hands Remain Tight
2 months, 1 week ago

Yields Soar Before Jobs Report, But Fed's Hands Remain Tight

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U.S. Treasury yields rose on Thursday, with two-year yields reaching a three-month high before Friday's jobs report. The data could create a large market reaction and potentially make some Federal Reserve interest rate cuts less likely if it comes in much stronger than expected. However, the number is also expected to be negatively impacted by strikes in the aerospace manufacturing …

Longer-dated yields climb as investors consider recession outlook
4 months, 1 week ago

Longer-dated yields climb as investors consider recession outlook

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* U.S. two-year note auction better than expected * U.S. 2/10 year yield curve inversion narrowest in 3 weeks * Investors await PCE data due Friday By Caroline Valetkevitch NEW YORK, Aug 27 - U.S. Treasury longer-dated yields edged higher on Tuesday, as investors assessed the likelihood that the U.S. economy will be able to avoid a recession, while a …

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