US debt prices fall as traders return to risk
NEW YORK, Sept 14 (Reuters) – U.S. Treasury prices fell on
Wednesday as Greek debt talk hopes emboldened investors to buy
riskier assets, but some of the selling in U.S. bonds were also
identified as a scramble for liquidity.
Losses were heaviest for longer-dated Treasury debt, with
the 30-year bond price falling close to a full point ahead of
the Treasury’s 1 p.m. (1700 GMT) auction of 30-year bonds.
U.S. debt prices fall without new safety bid
NEW YORK, Sept 13 (Reuters) – U.S. Treasury prices fell on
Wednesday as developments on several fronts in Europe led
investors to believe the worst of the continent’s debt crisis
was — at least for the moment — behind them.
Signs of more stability in Europe took away the driving
force behind Treasuries’ rally — the desire by market
participants to stash their money in the safest possible
place.
Morgan Stanley economist hire may change firm’s outlook
(Reuters) – Morgan Stanley’s (MS.N: Quote, Profile, Research, Stock Buzz) new choice for chief U.S. economist on Tuesday said lower U.S. growth and higher unemployment could last well into this decade, marking a shift away from the bank’s recent outlooks.
The views of Vincent Reinhart, a former senior U.S. Federal Reserve official under Alan Greenspan, are likely to change the course of the firm’s U.S. forecasts. Morgan Stanley’s recent growth and inflation estimates, for example, have fallen on the high end of Wall Street estimates.
Morgan Stanley hires Reinhart as chief US economist
Sept 13 (Reuters) – Morgan Stanley (MS.N: Quote, Profile, Research, Stock Buzz) said on Tuesday
that it had hired Vincent Reinhart, a former Federal Reserve
policymaker, as its chief U.S. economist.
Reinhart will begin at Morgan Stanley on Oct 1. He is
currently a resident scholar at the American Enterprise
Institute, a conservative think tank in Washington.
More Europe pain keeps floor under U.S. debt prices
NEW YORK, Sept 13 (Reuters) – U.S. Treasury prices edged
higher on Tuesday, as a weak Italian bond auction and news that
there would be no joint French and German statement on Greece
rekindled demand for safe-haven debt.
Italy sold 6.5 billion euros in five-year bonds in an
auction that drew barely any spare bidders. Meanwhile, French
and German leaders struck down rumors that they would make a
joint statement on Greece on Tuesday.
Yield curve’s long end gains, belly drops. volume low
NEW YORK, Sept 12 (Reuters) – U.S. Treasury prices were
mixed on Monday, with 10-year notes and 30-year bonds posting
slight gains on worries about Europe while shorter-dated issues
drew selling ahead of a $32 billion three-year note auction.
Treasuries traded inversely to stocks and traders said
market movement was being driven foremost by events in Europe,
where new fears that Greece could default and damage French
banks initially drove investors away from riskier assets.
Light selling in U.S. debt as fear trade fades
NEW YORK, Sept 12 (Reuters) – U.S. Treasury prices fell on
Monday as worries about financial stability in the euro zone
were offset somewhat by anticipation among U.S. traders of a
$66 billion in new Treasury supply this week.
Safe-haven buying briefly pushed benchmark 10-year yields
to their lowest in at least 60 years before prices turned
negative. Even after the Treasury market gave back its gains,
traders were still looking at Europe as the largest driver for
price action for the day.
Benchmark yield at 60-yr low as N.Y. day begins
NEW YORK, Sept 12 (Reuters) – U.S. Treasury prices rose on
Monday, driven higher by safe-haven buying in response to more
worries over instability in European financial markets, pushing
benchmark 10-year yields to their lowest in at least 60 years.
Growing fears that a Greek default could infect heavily
exposed French banks were heightened by concerns the banks
could be hit by a Moody’s credit downgrade. For details, see
[ID:nL5E7KC1TV]
Profit-taking pushes 10-year yield above 2 pct
NEW YORK, Sept 7 (Reuters) – U.S. Treasury prices fell on
Wednesday as investors cashed out of the richest market for
Treasuries in decades, with higher stocks and a milder report
on the U.S. economy rendering the ultra-safe, low-yielding
securities less appealing.
The 10-year Treasury yield rose from its lowest in at least
60 years of 1.908 percent, touched on Tuesday. Analysts said
without a major escalation in the European debt crisis or news
that the U.S. economy had completely stopped growing, that may
be as low as it gets.
U.S. debt prices fall as investors take profits
NEW YORK, Sept 7 (Reuters) – U.S. Treasury prices fell on
Wednesday as investors cashed out of the richest market for
Treasuries in decades, with higher stocks and a milder report
on the U.S. economy rendering the ultra-safe, low-yielding
securities less appealing.
The 10-year Treasury yield rose from an at least 60-year
low of 1.908 percent touched on Tuesday. Analysts said without
a major escalation in the European debt crisis or news that the
U.S. economy had completely stopped growing, that may be as low
as it gets.

