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Jan 4, 2013

Wariness about Fed policy lifts yields to 8-month highs

NEW YORK, Jan 4 (Reuters) – Concern that the Federal Reserve
could reduce its purchases of debt securities later in the year
kept yields at eight-month highs on Friday, overshadowing a U.S.
employment report that showed steady, but lackluster, job growth
in December.

A stronger than expected Institute for Supply Management
non-manufacturing index also weighed on Treasuries prices.

Jan 4, 2013

Lower prices draw buyers after neutral US jobs report

NEW YORK, Jan 4 (Reuters) – U.S. Treasuries reduced early
losses on Friday after the U.S. employment report for December
appeared fairly neutral for bonds, encouraging some buyers to
take advantage of the past month’s price cuts and yield
increases.

Ten-year Treasury yields have risen to 1.92
percent from 1.59 percent in early December.

Jan 3, 2013
via MacroScope

Economists boosts U.S. December jobs forecasts after strong ADP data

After a “significantly better than expected” ADP employment report, Goldman Sachs has raised its estimate to 200,000 for the U.S. Labor Department’s December nonfarm payroll report due Friday, the firm’s team of economists said. Separately, initial jobless claims were higher than expected for the most recent week, but the Labor Department reported some holiday distortions, the economists noted. “Overall, the data since our preliminary estimate last Friday have been strong enough to prompt us to revise up our forecast for nonfarm payrolls to 200,000,” the economists concluded.

Goldman wasn’t the only firm to revise its estimates. Jeoff Hall, Thomson Reuters’ resident economist, counted as many as five, though not all of the forecast changes hinged solely on ADP.

Dec 21, 2012

Bonds rally as U.S. fiscal deal recedes on horizon

NEW YORK, Dec 21 (Reuters) – U.S. Treasuries rallied on
Friday as investors bought safe-haven U.S. debt after a split in
the Republican party reduced the chances of Washington averting
before year-end a $600 billion fiscal crunch in 2013.

Yields on 10-year Treasuries extended Thursday’s falls after
House of Representatives Speaker John Boehner acknowledged his
bill lacked the votes to pass.

Dec 20, 2012

Bond prices rise on U.S. fiscal muddle

NEW YORK, Dec 20 (Reuters) – U.S. Treasuries prices rose
modestly on Thursday as investors stuck to safe-haven government
bonds in case tax increases and spending cuts take effect next
year and curb economic growth.

As a year-end deadline looms, Republicans in the U.S House
of Representatives pushed ahead with their own “fiscal cliff”
plan to avoid steep tax hikes and spending cuts. But President
Barack Obama has vowed to veto the plan, which only raises taxes
on people making more than $1 million a year.

Dec 20, 2012

U.S. Treasuries up slightly amid fiscal muddle

NEW YORK, Dec 20 (Reuters) – U.S. Treasuries prices rose
slightly on Thursday, despite stronger than expected economic
data, as investors stuck to safe-haven government bonds in case
tax increases and spending cuts take effect next year and curb
economic growth.

As a year-end deadline looms, Republicans in the U.S House
of Representatives pushed ahead with their own “fiscal cliff”
plan to avoid steep tax hikes and spending cuts. But President
Barack Obama has vowed to veto the plan, which only raises taxes
on people making more than $1 million a year.

Dec 20, 2012

U.S. Treasuries gain as fiscal talks stall

NEW YORK, Dec 20 (Reuters) – U.S. Treasuries prices rose on
Thursday as investors stuck to safe-haven government bonds on
the view fiscal talks in the United States seem to be losing
momentum.

Benchmark 10-year Treasury notes rose 4/32,
their yields easing to 1.79 percent from 1.80 percent late on
Wednesday.

Dec 19, 2012

U.S. bond prices rise as higher yields act as lure

NEW YORK, Dec 19 (Reuters) – U.S. Treasuries rose on
Wednesday as investors looking to invest cash before year end
were drawn by yields that neared two-month highs.

No sign of progress in Washington to reach a budget deal to
avert $600 billion of tax increases and spending cuts before the
end of the year also encouraged the bid for safe-haven U.S.
government debt.

Dec 19, 2012

U.S. bonds rise, eyes on budget talks

NEW YORK, Dec 19 (Reuters) – U.S. Treasuries rose on
Wednesday after a larger-than-expected decline in housing starts
and no sign of further progress toward averting a $600 billion
crunch of U.S. tax increases and spending cuts before year-end.

“Bond prices are firmer. There was a larger than expected
drop in housing starts, weaker applications for mortgages, and
there’s no forward progress in the equity market,” said Ian
Lyngen, senior government bond strategist at CRT Capital in
Stamford, Connecticut.

Dec 18, 2012

U.S. yields rise on hints of progress in fiscal talks

NEW YORK, Dec 18 (Reuters) – U.S. Treasury yields on Tuesday
rose to their highest since October as U.S. President Barack
Obama and Republican lawmakers edged closer to a deal to avert a
fiscal crisis in early 2013.

Year-end supply and profit-taking also kept upward pressure
on yields, strategists said.

    • 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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