
Please try another search
Treasury 10-year note yields fell to a three-month low after a report showed payrolls climbed less than projected in September, indicating the U.S. economy had little momentum leading up to the federal government shutdown.
European, Canadian and emerging-markets debt also rallied as the payrolls report added to speculation that the Federal Reserve will maintains its U.S. bond-buying program into next year, which has helped to keep borrowing costs low worldwide. The Treasury’s auction of $35 billion of one-month bills attracted demand at close to the pre-government shutdown average seen for the securities this year as investor concern that the U.S. may default ebbed.
“Yields aren’t headed higher, certainly, in the face of this report,” said Bill Gross, the co-chief investment officer at Newport Beach, California-based Pacific Investment Management Co., in an interview on Bloomberg Radio with Tom Keene. “We will grudgingly go lower from this point. We probably won’t be tapering anytime soon.”
The benchmark U.S. 10-year yield fell nine basis points, or 0.09 percentage point, to 2.51 percent at 2.41 p.m. New York time, Bloomberg Bond Trader data showed, the lowest since July 24. The price of the 2.5 percent note due in August 2023 rose 3/4, or $7.50 per $1,000 face amount, to 99 28/32.
The yield touched 3.005 percent on Sept. 6, breaching 3 percent for the first time since July 2011. Its 10-year average is 3.56 percent.
“The 10-year, at 2.50 percent, belongs where it is at the moment,” Gross said.
Original post
When it comes to the economy, we’re in a bit of a weird spot: The data tells us that, despite inflation fears, interest rates are likely to fall in the year ahead. Falling rates...
Telegram Group Inc. is a globally recognized messaging service company, offering a cloud-based mobile and desktop messaging application. Known for its strong focus on security,...
Many investors regard passively managed index mutual funds or ETFs as favorable options for stock investing. However, they may also find that actively managed funds offer...
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.
I feel that this comment is:
Thank You!
Your report has been sent to our moderators for review
Add a Comment
We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
Enrich the conversation, don’t trash it.
Stay focused and on track. Only post material that’s relevant to the topic being discussed.
Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.