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Apr 19, 2012

Bonds gain on higher-than-forecast new jobless claims

NEW YORK, April 19 (Reuters) – U.S. Treasuries prices rose
on Thursday after higher than forecast new U.S. jobless claims
appeared to increase prospects for accommodative monetary policy
in the months and years ahead.

The benchmark 10-year note rose 5/32 on the news, its yield
easing to 1.96 percent from 1.98 percent late on Wednesday.

Apr 17, 2012

Treasury bonds slip on Spain debt demand, stock gains

NEW YORK (Reuters) – Treasuries prices retreated on Tuesday as stock market gains and a better-than-expected bid for a Spanish short-term debt auction curbed the bid for safe-haven government debt.

Treasuries prices rose on Monday when the euro zone crisis seemed to heat up after the yield on Spain’s key 10-year debt rose to a five month high above 6 percent, a level seen as unsustainable.

Apr 13, 2012

Demand for Fed’s central bank swaps could rise

NEW YORK (Reuters) – The Federal Reserve’s outstanding central bank liquidity swaps program has shrunk to its lowest level since early December, but if conditions in European unsecured bank funding markets deteriorate, demand for those swaps could rise.

According to the Fed’s latest balance sheet update, outstanding dollar liquidity swaps fell to $32 billion in the week ended Wednesday.

Apr 12, 2012

Renowned contralto Lili Chookasian dies, age 90

NEW YORK (Reuters) – Lili Chookasian, a renowned contralto who sang at the Metropolitan Opera for more than two decades and taught at the Yale School of Music, has died at her home in Connecticut. She was 90.

Chookasian, who died on Tuesday, enjoyed a long career that included 290 performances with The Metropolitan Opera from 1962 through 1986, and she appeared with many of the world’s major conductors, symphony orchestras, opera and recording companies.

Apr 9, 2012

Weak U.S. jobs data renew QE bets

NEW YORK, April 9 (Reuters) – Disappointing U.S. job growth
reported last Friday favored safe-haven assets and supported
short-term rates futures contracts on Monday as another round of
large-scale bond purchases to support the U.S. economy looked
more likely.

On Friday, government data showed U.S. payrolls grew by
120,000 jobs last month, fewer than the 203,000 new jobs
predicted by economists. The jobless rate fell to a three-year
low of 8.2 percent, largely because discouraged workers stopped
looking for jobs.

Apr 4, 2012

Bonds up as stock losses spur safety bid

NEW YORK, April 4 (Reuters) – U.S. Treasuries rallied on
Wednesday as stock market losses and the largest bond selloff in
three weeks in the prior session drew buyers for safe-haven U.S.
government debt.

Treasuries prices fell on Tuesday when minutes from the
Federal Reserve’s last meeting showed policymakers less eager to
add more monetary stimulus as the U.S. economy improves.

Apr 4, 2012

Bonds up as stock losses enhance safety bid

NEW YORK, April 4 (Reuters) – U.S. Treasuries rallied on
Wednesday as the largest selloff in three weeks in the previous
session drew buyers and losses in the stock market enhanced the
bid for safe-haven U.S. government debt.

Fresh economic data had scant market impact. The ADP
national employment report showed the U.S. private sector added
209,000 jobs in March, figures Goldman Sachs analysts said would
have “little bearing” on expectations for Friday’s U.S. Labor
Department employment report.

Apr 3, 2012

Bonds up as stock futures slip, Fed minutes eyed

NEW YORK (Reuters) – Government debt prices rose for the second straight day on Tuesday as weaker stock index futures encouraged a bid for safe-haven debt before the afternoon release of minutes from last month’s Federal Reserve policy meeting.

The gains at the start of the second quarter followed a first-quarter retreat in which investors had shown willingness to choose riskier assets over safe-havens such as Treasuries.

Apr 2, 2012

Bonds climb after mixed economic data

NEW YORK (Reuters) – Government debt prices rose on Monday as mixed economic data and weakness in Europe’s factory sector brought out some bargain hunters and others skeptical of the view that bonds are on the verge of a bear market.

The Treasury market’s gains in the first trading day of the second quarter followed a first-quarter retreat in which investors had shown willingness to choose riskier assets over safe-havens such as Treasuries.

Mar 30, 2012

Bonds fall to end worst quarter since 2010 fourth quarter

NEW YORK (Reuters) – Prices of U.S. government debt fell on Friday, ending the worst quarter for Treasuries since the final quarter of 2010, but some strategists said the stage could be set for steady or even lower yields in coming quarters.

An afternoon sell-off reversed early gains scored in response to economic data that challenged the view that U.S. growth was accelerating and reinforced the perception that the Federal Reserve could undertake further measures to stimulate the economy and job growth.

    • About Ellen

      "I cover the U.S. Treasury market, including developments in monetary policy and the economy. I have covered these subjects since the Volcker era, though in between I covered stocks for UPI (and Reuters), the defense and aerospace industry and the retail industry. I occasionally write about culture: classical music, opera, museums, and culture-based travel. I live and work in New York City."
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