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Nov 8, 2013

Bond prices slump as job growth tops forecasts

NEW YORK, Nov 8 (Reuters) – U.S. Treasuries prices fell on
Friday after stronger-than-forecast October job growth revised
expectations about how soon the Federal Reserve could start to
scale back its bond-purchase program aimed at stimulating the
economy.

Employers added 204,000 jobs to payrolls, the Labor
Department said, topping economists’ forecasts for 125,000 new
jobs. Job numbers from August and September were also revised
upward.

Nov 7, 2013

Prices rise on U.S. growth concerns, ECB rate cut

NEW YORK, Nov 7 (Reuters) – Prices for U.S. Treasuries rose
on Thursday on a surprise rate cut by the European Central Bank
and concern about future U.S. economic growth.

U.S. growth picked up in the third quarter, but slower
growth in consumer spending during the period suggested the
economy could be losing momentum.

Nov 6, 2013

New York exhibit explores first global market: textiles

NEW YORK (Reuters) – Four centuries of textiles from Asia, Europe and the Americas are the focus of a new exhibition that explores the world’s first truly global market – textiles.

“Interwoven Globe: The Worldwide Textile Trade, 1500-1800,” which runs through January 5 at The Metropolitan Museum of Art, features 134 works, including wall hangings, bed covers, tapestries, church vestments, pieces of seating furniture, costumes, paintings and drawings.

Nov 6, 2013

Bonds up on technical support before key data, speakers

NEW YORK, Nov 6 (Reuters) – U.S. Treasuries prices rose from
technical support levels on Wednesday as investors waited for
U.S. employment data and speeches by major Federal Reserve
officials due this week.

Two economic reports were supportive for Treasuries. The
Mortgage Bankers Association said U.S. mortgage applications
fell in the latest week. Consultants Challenger, Gray &
Christmas said planned layoffs at U.S. firms rose 13.5 percent
in October, citing cuts at pharmaceutical and financial firms.

Oct 22, 2013

Most U.S. primary dealers see Fed trimming purchases in March 2014 – Reuters poll

NEW YORK (Reuters) – A majority of U.S. primary dealers polled by Reuters on Tuesday said the Federal Reserve would not start cutting its monthly bond purchases until March of next year and said the recent government shutdown and standoff over raising the U.S. debt ceiling had significantly impacted on the Fed’s timing.

News that U.S. employers added far fewer workers than expected in September, suggesting a loss of momentum in the economy, only reinforced the view that cuts in the amount of Treasuries and mortgage-backed securities the Fed has been buying to stimulate the economy are being nudged farther out on the horizon, in contrast to the once-widespread notion that cutbacks would be announced in September 2013.

Oct 22, 2013

Most U.S. primary dealers see Fed trimming purchases in March 2014: poll

NEW YORK (Reuters) – A majority of U.S. primary dealers polled by Reuters on Tuesday said the Federal Reserve would not start cutting its monthly bond purchases until March of next year and said the recent government shutdown and standoff over raising the U.S. debt ceiling had significantly impacted on the Fed’s timing.

News that U.S. employers added far fewer workers than expected in September, suggesting a loss of momentum in the economy, only reinforced the view that cuts in the amount of Treasuries and mortgage-backed securities the Fed has been buying to stimulate the economy are being nudged farther out on the horizon, in contrast to the once-widespread notion that cutbacks would be announced in September 2013.

Oct 18, 2013

Debt deal boosts buying, yields lowest in nearly three months

NEW YORK, Oct 18 (Reuters) – U.S. Treasury yields eased to
their lowest in nearly three months on Friday as a deal to avert
a U.S. debt default and reopen the government encouraged
investors to put money to work amid some expectations the
Federal Reserve would not trim its stimulus until next year.

A last-minute agreement to restore government funding until
mid-January and extend the borrowing limit to Feb. 7 soothed
fears the United States would not meet benefit payments and debt
obligations in coming days.

Oct 17, 2013

Yields lowest in two months as debt deal spurs buying

NEW YORK, Oct 17 (Reuters) –
U.S. Treasury yields fell to their lowest in over two months on
Thursday after a deal to end the U.S. debt ceiling conflict in
Congress and reopen the government encouraged investors to
reinvest cash and on expectations that the Federal Reserve will
not scale back its stimulus in the near term.

The government had been expected to exhaust its $16.7
trillion borrowing limit on Thursday, raising fears it would not
meet benefit payments and debt obligations in coming days.

Oct 17, 2013

Prices up as debt deal draws investors, Oct T-bill rates fall

NEW YORK, Oct 17 (Reuters) – U.S. Treasury prices rose on
Thursday after a deal to end the U.S. debt ceiling conflict in
Congress and reopen the government encouraged investors to
reinvest cash and on expectations that the Federal Reserve will
not scale back its stimulus near term.

The government had been expected to exhaust its $16.7
trillion borrowing limit on Thursday, raising fears it would not
meet benefit payments and debt obligations in coming days.

Oct 17, 2013

Prices gain on debt deal, Oct T-bill rates fall

NEW YORK, Oct 17 (Reuters) – U.S. Treasury prices rose on
Thursday after a deal to end the U.S. debt ceiling conflict in
Congress and reopen the government allowed investors to turn
their attention to the condition of the U.S. economy.

The government had been expected to exhaust its $16.7
trillion borrowing limit on Thursday, raising fear it would not
meet benefit payments and debt obligations in coming days.

    • 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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