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Treasury yields ignore slow GDP report, head higher

Published 04/28/2017, 08:44 AM
© Reuters.  Treasury yields ignore slow GDP report, head higher
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  • U.S. economic output slowed to its weakest pace in three years during Q1, according to the government's first estimate of GDP. The slow read - just 0.7% growth vs. estimates for 1.2%, and 2.1% in Q4 - may have been somewhat priced in thanks to the steady erosion in the Atlanta Fed's GDPNow tracker (it saw just 0.2% growth).
  • Plus, the calendar is turning to May and we're talking about data from Jan-Mar - pretty ancient news as far as markets are concerned.
  • The 10-year Treasury yield is up three basis points to 2.33%.
  • TLT -0.5%, TBT +1%
  • ETFs: TBT, TLT, TMV, TBF, EDV, TMF, TTT, ZROZ, VGLT, TLH, UBT, DLBS, TLO, VUSTX, DLBL, TYBS
  • Now read: The Long And Short Of Bonds


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