Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Indices  >  USA  >  S&P 500    SP500

Indicative prices Citigroup

S&P 500

(SP500)
SummaryQuotesChartsNewsHeatmapComponents 
News SummaryAll newsNews of the components ofMarketScreener Strategies

BOND REPORT: Treasury Yields Bounce As Fresh Round Of U.S.-China Trade Talks Begin

share with twitter share with LinkedIn share with facebook
share via e-mail
0
01/07/2019 | 03:49pm EDT

By Sunny Oh

Treasury yields rose Monday, following last week's volatile trading, as investors watched for progress in renewed trade talks between U.S. and Chinese officials.

The 10-year Treasury note yield rose 2.3 basis points to 2.684%, from an intraday low of 2.634%. The 2-year note yield advanced 3.6 basis points to 2.524%, while the 30-year bond yield was mostly unchanged at 2.977%. Bond prices move inversely to yields.

Hopes for trade tensions to ease come as U.S. and China conduct talks to end their longstanding trade dispute on Monday and Tuesday. Bloomberg reported (https://www.bloomberg.com/news/articles/2019-01-07/xi-s-top-trade-official-is-said-to-attend-beijing-u-s-talks) that high-ranking Chinese Vice Premier Liu He unexpectedly made an appearance in the negotiations, giving a boost to what was initially scheduled as a meeting between midlevel officials. The S&P 500 and were both up on Monday , dampening demand for haven assets like government paper.

"Both sides have compelling reasons to act -- China quite clearly is suffering from an economic slowdown, and [U.S. President] Donald Trump obviously fears that a nervous stock market could imperil his re-election," said Greg Valliere, chief global strategist for Horizon Investments, in a note.

Trump has expressed optimism over negotiations, arguing that tariffs on China had brought it to the bargaining table. But both Beijing and Washington have refused to budge from their original stances since Trump last met Chinese President Xi Jinping in early December.

If a deal isn't reached, tariffs on $200 billion of Chinese imports are set to increase to 25% from 10% in early March. That would mark a serious escalation and add to the global economic headwinds facing both sides amid doubts over the durability of global growth.

The U.S. government shutdown continued as Trump maintained his demands for funding of a border wall. He has floated the possibility of calling a national emergency to circumvent Congress and secure finances for the wall .

Monday's yield rise appeared to accelerate after the Institute for Supply Management's services sector gauge for December fell to 57.6% , a five-month low, from 60.7% the previous month. Still, it's relative strength against the recent reading from the ISM's manufacturing gauge, suggests the U.S. services firms remains in better than health than their industrial peers. Any number above 50% indicates growth in activity.

"The key takeaway from today's report is that there is no reason to panic about an excessively rapid cooling of the U.S. economy. While policy headwinds and tighter financial conditions will slow the pace of growth in 2019, there is a lot of gray area between a 3% growth economy and an outright recession," wrote Jake McRobie, an analyst at Oxford Economics.

Atlanta Fed President Raphael Bostic said he expected only one rate increase in 2019 . This week will see plenty of speeches from senior Fed officials as Fed Chairman Jerome Powell is set to speak again Thursday, after he said the central bank would take a more flexible approach to raising rates last Friday.

Stocks mentioned in the article
ChangeLast1st jan.
DJ INDUSTRIAL 0.22% 26780.89 Delayed Quote.14.54%
NASDAQ 100 0.18% 7745.124455 Delayed Quote.22.10%
NASDAQ COMP. 0.02% 8037.175436 Delayed Quote.21.05%
S&P 500 0.10% 2954.02 Delayed Quote.17.70%
This article is part of a news chaine.
Article 2 / 2
<< Preceding Next >>
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on S&P 500
11:39aWALL STREET STOCK EXCHANGE : U.S. Stocks Drift Higher, Extending Gains
DJ
11:30aWall St. edges higher as tech gains more than offset healthcare losses
RE
11:27aWorld stocks mostly flat ahead of G20; dollar slips
RE
11:21aGlobal stocks mostly flat ahead of G20; dollar slips
RE
11:21aMARKET SNAPSHOT: Dow Climbs, Powered By Goldman, Boeing But Broader Market St..
DJ
11:20aGlobal Stocks mostly flat ahead of G20; dollar slips
RE
11:20aA Leader of America's Fracking Boom Has Second Thoughts
DJ
11:16aWeekly market update : Central bankers are boosting markets
10:25aGLOBAL MARKETS LIVE : H2O, Eldorado Resorts and Caesars Entertainment, Daimler, ..
09:49aASIA MARKETS: Asian Stock Markets Tick Higher As China Confirms Xi Headed To ..
DJ
More news
Chart S&P 500
Duration : Period :
S&P 500 Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends S&P 500
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Top / Flop S&P 500
ELECTRONIC ARTS 98.185 Real-time Quote.2.99%
WESTERN DIGITAL 40.985 Real-time Quote.2.36%
TYSON FOODS 81.13 Real-time Quote.2.32%
HCA HOLDINGS (HOSPITAL CORPORATION AMERICA) 131.07 Real-time Quote.2.21%
QORVO 65.295 Real-time Quote.2.20%
HANESBRANDS 16.995 Real-time Quote.-3.55%
CELGENE CORPORATION 93.865 Real-time Quote.-5.10%
WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP 68.47 Real-time Quote.-5.90%
BRISTOL-MYERS SQUIBB COMPANY 45.855 Real-time Quote.-7.06%
UNDER ARMOUR 22.595 Real-time Quote.-13.59%
Heatmap :