News that Danish pension funds are exiting the US Treasury markets produced dramatic curve steepening trades at the openings this morning. Processing Content The 5-year yield began the day 1½ bps higher, the 10-year yield 4½ bps higher, and the 30-year yield 7½ bps higher. Additionally, S&P futures are down more than 100 points and […]
Treasury curve steepens after Danish pension retreat Read More »
Treasuries slid as investors anticipated Friday’s December employment data and possible Supreme Court strike-down of tariffs that have improved the US fiscal position. Processing Content Yields across maturities were higher by less than three basis points after rebounding from session lows. US economic data showing improved productivity, weekly initial jobless claims near recent lows and
Treasuries slip ahead of jobs report, possible tariffs ruling Read More »
Treasuries pared gains spurred by demand for havens as the first full week of the new year brought an expected surge in sales of new corporate bonds that will compete for investor cash. Processing Content The rally sparked by the weekend US arrest of Venezuela’s President Nicolas Maduro also faltered as oil prices rebounded from
Treasuries rally stalls amid resurgent corporate bond supply Read More »
Treasury yields climbed to the highest in more than two months, following losses in most global government-bond markets, ahead of a Federal Reserve interest-rate decision that may alter expectations for monetary policy in 2026. US yields rose from 2 to 3 basis points across the curve, with intermediate maturities proving the weakest. The market trimmed
US treasury yields hit multimonth highs as focus shifts to Fed Read More »
The rally that powered the US bond market toward its best year since 2020 has now left investors in suspense to see whether Treasuries can hold their impressive gains. US 10-year yields declined last week, sending the benchmark back toward 4% as spasms in stocks and crypto sparked demand for bonds. Fresh commentary from John Williams, the president of the Federal
Bond rally of 2025 faces new data vacuum as waiting game begins Read More »
Treasuries sustained small losses as the longest government shutdown on record ended and expectations for another Federal Reserve interest-rate cut next month eroded further. Yields were higher by as much as three basis points, led by tenors more sensitive to changes in Fed policy. The odds of a December rate cut assigned by the market have slipped
Treasuries stumble as shutdown ends and traders brace for swings Read More »
Treasuries fell after the US government signaled that larger auction sizes are on the horizon, while signs of economic resilience hurt the odds a Federal Reserve interest-rate cut in December. Treasury Department officials, unveiling their plans for financing the US government deficit over the November-to-January period, said they’d begun “to preliminarily consider future increases,” even
Treasuries fall as supply outlook compounds anxiety about Fed Read More »
The US Treasury indicated it’s not looking to boost sales of notes and bonds until well into next year, in a decision that will see the government increasingly rely on bills to fund the budget deficit. In its so-called quarterly refunding statement Wednesday, the department said it anticipated keeping auction sizes unchanged for nominal notes, bonds and floating-rate
US to keep note, bond sales steady for at least several quarters Read More »
Investors are bracing for Treasury Secretary Scott Bessent to lean more toward shorter maturities in the government’s funding mix to keep down long-term yields amid a mounting debt burden. Wall Street dealers expect Bessent to signal as soon as Wednesday, when his department releases a quarterly statement on debt sales, that issuance in the $30
The shift to shorter-dated US debt is only getting started Read More »
A government shutdown arrived Wednesday due to an intense partisan divide in budget negotiations, prompting bond investor activity that could lower mortgage rates but otherwise challenge the housing market. Investors flooded further into the perceived safety of treasury bonds, putting downward pressure on rate-indicative yields as several government agencies pulled back “non-essential” services related to
Agencies issue shutdown-related guidance for lenders Read More »