Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Indexes  >  US Dollar Index       

US DOLLAR INDEX

SummaryChartsNews 
News SummaryAll newsMarketScreener Strategies

U.S. Government Bonds Decline After Surge in Job Growth -- Update

share with twitter share with LinkedIn share with facebook
share via e-mail
0
12/06/2019 | 04:49pm EST

By Daniel Kruger

U.S. government bond prices fell Friday after data showing the economy added far more jobs than expected.

The yield on the benchmark 10-year Treasury note rose for a third consecutive trading session, settling at 1.842% from 1.791% before the report and from 1.795% Thursday, according to Tradeweb.

Yields, which climb when bond prices decline, rose after the Labor Department said employers added 266,000 workers to their payrolls last month and unemployment matched a 50-year low of 3.5%. The gains topped the 187,000 increase predicted by economists surveyed by The Wall Street Journal, exceeding forecasts by the most since January.

The report offers reassurance to investors, who spent much of the year concerned about a global economic slowdown and uncertain progress toward resolving trade tensions between the U.S. and China. Its strength was particularly surprising after other indicators earlier in the week, such as tepid data on the services sector presented a less positive assessment of the economy.

"It goes against other indicators that have said the economy was slowing, " said Gary Pollack, head of fixed-income trading at Deutsche Bank Private Wealth Management. While the data was good, it was unlikely to alter an environment that has supported low bond yields.

While the job growth exceeded expectations, the data still signaled muted inflation. Average hourly earnings have risen 3.1% from a year ago, though they increased just 0.2% in November.

Low borrowing costs and expectations for the Fed to hold interest rates steady suggest corporate bonds and other "risk assets in these circumstances should perform better," Mr. Pollack said.

The WSJ Dollar Index, which measures the U.S. currency against a basket of 16 others, rose 0.1% to a recent 90.63.

Write to Daniel Kruger at Daniel.Kruger@wsj.com

Stocks mentioned in the article
ChangeLast1st jan.
DEUTSCHE BANK AG -0.54% 7.588 Delayed Quote.9.70%
EURO / US DOLLAR (EUR/USD) 0.00% 1.1088 Delayed Quote.-0.67%
US DOLLAR INDEX 0.29% 97.606 End-of-day quote.0.83%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on US DOLLAR INDEX
01/17Shares set fresh records, lifted by U.S. housing data
RE
01/17U.S. Government Bonds Decline After Treasury Announces New Bond Sales
DJ
01/17Shares set fresh records, lifted by U.S. housing data
RE
01/16PG&E Bonds Jump on Settlement Talks -- Update
DJ
01/16Dollar gains, stocks scale fresh highs on data, trade deal
RE
01/16Dollar gains, stocks scale fresh highs on data, trade deal
RE
01/16PG&E Bonds Hit Three-Month High on Settlement Talks
DJ
01/15Weakening Dollar Could Lift Commodities in 2020 -- Update
DJ
01/15Barclays, FactSet Offer New Tool to Navigate Opaque Bond Market -- 2nd Update
DJ
01/15World stocks climb new peaks on trade deal, oil slips on demand worries
RE
More news
Chart US DOLLAR INDEX
Duration : Period :
US Dollar Index Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends US DOLLAR INDEX
Short TermMid-TermLong Term
TrendsNeutralBearishNeutral