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Sep 26, 2013

Prices slip after new jobless claims fall

NEW YORK, Sept 26 (Reuters) – U.S. Treasuries prices slipped
on Thursday, interrupting a four-session winning streak, on news
of fewer new U.S. jobless claims in the latest week.

The number of Americans filing new claims for jobless
benefits fell last week to a seasonally adjusted 305,000, a near
six-year low, the Labor Department said on Thursday. The
four-week average of new claims, which evens out weekly
volatility, fell 7,000 to 308,000, the lowest level since June
2007.

Sep 25, 2013

Prices rise as subdued data supports low-rate outlook

NEW YORK, Sept 25 (Reuters) – U.S. Treasuries prices rose on
Wednesday for the fourth session in a row as data on new home
sales and on orders for long-lasting manufactured goods last
month supported the outlook for accommodative monetary policy
from the Federal Reserve.

Orders for long-lasting U.S. manufactured goods rose just
0.1 percent in August after plummeting 8.1 percent in July.
Orders for non-defense capital goods excluding aircraft, seen as
a proxy for business spending, rose 1.3 percent after falling
1.4 percent in July and slipping 1.0 percent in June.

Sep 25, 2013

Prices rise slightly on tepid economic data

NEW YORK, Sept 25 (Reuters) – U.S. Treasuries prices edged
up on Wednesday for the fourth session in a row as data on new
home sales and on orders for long-lasting manufactured goods
last month supported the outlook for accommodative monetary
policy from the Federal Reserve.

The tepid report on U.S. sales of long-lasting manufactured
goods in August had little market impact, however, as did
lackluster news on new home sales in August. Home sales rose
last month, but remained near the lowest levels of the year.

Sep 24, 2013

Prices climb for third day on accommodative outlook

NEW YORK, Sept 24 (Reuters) – U.S. Treasuries prices rose on
Tuesday for the third straight session, aided by expectations
for a longer period of accommodative Federal Reserve monetary
policy.

Benchmark 10-year notes rose 14/32 in price,
their yields easing to 2.66 percent from 2.71 percent late on
Monday. Thirty-year bonds rose 30/32. Their yields
eased to 3.68 percent from 3.73 percent late on Monday.

Sep 24, 2013

Prices gain for third session on accommodative outlook

NEW YORK, Sept 24 (Reuters) – U.S. Treasuries prices rose on
Tuesday for the third straight session, aided by expectations
for a longer period of accommodative Federal Reserve monetary
policy.

The firmer trend was in line with bunds, which rose after
German business sentiment improved less than forecast.

Sep 23, 2013

Bonds rise as policy stays accommodative

NEW YORK, Sept 23 (Reuters) – U.S. Treasuries prices rose on
Monday before this week’s supply of new debt, aided by
accommodative monetary policy and dovish remarks by some Federal
Reserve officials.

“Japanese markets were closed for a holiday so activity was
thin overnight, allowing prices to dip a little bit, led by the
belly of the curve as players positioned for this week’s
Treasury supply. But flows improved when U.S. participants came
in to work and the market firmed,” said John Canavan, fixed
income analyst at Stone & McCarthy Research Associates.

Sep 20, 2013

Bonds rise as market adjusts to Fed policy outlook

NEW YORK, Sept 20 (Reuters) – U.S. Treasuries prices rose on
Friday as investors adjusted to the idea that the Federal
Reserve was unlikely to tighten monetary policy until the
economy looked more robust.

A modest pullback in stocks also supported safe-haven U.S.
debt. Bonds edged higher after a brief period of volatility that
ensued immediately after the Fed decided on Wednesday against
trimming its large-scale asset purchases, confounding market
expectations of a reduction.

Sep 20, 2013

Bond prices rise as market adjusts to Fed policy outlook

NEW YORK, Sept 20 (Reuters) – U.S. Treasuries prices rose
slightly on Friday as investors adjusted to the idea that the
Federal Reserve was unlikely to tighten monetary policy until
the economy looked more robust.

Relative calm prevailed after a brief period of volatility
that ensued immediately after the Fed, on Wednesday, decided
against trimming its large-scale purchases of Treasuries and
mortgage-backed securities, despite a widely held market view
that it would.

Sep 19, 2013

When the Fed throws markets for loop

NEW YORK (Reuters) – In the minutes before Wednesday’s statement from the U.S. Federal Reserve, traders knew what to expect. Or so they thought.

Then came the surprise.

“No taper! No taper!” shouted a government bond trader on Schroders trading desk in New York, seconds after the Fed issued its statement, said Wes Sparks, head of U.S. fixed income at the firm.

Sep 12, 2013

Global equities dip, dollar slips; Fed focus curbs moves

NEW YORK (Reuters) – U.S. stocks slipped, safe-haven Treasuries prices rose and the dollar dipped on Thursday as investors turned defensive before next week’s Federal Reserve policy meeting.

The stock pullback ended a seven-day winning streak for the S&P 500 stock index while data showing a drop in euro zone factory output ended an eight-day rise in world equity markets.

    • 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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