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

S&P 500

(SP500)
My previous session
Most popular
SummaryQuotesChartsNewsHeatmapComponents 
News SummaryAll newsNews of the components ofMarketScreener Strategies

U.S. Government Bond Prices Fall as Stocks Rally

share with twitter share with LinkedIn share with facebook
share via e-mail
0
10/30/2018 | 04:57pm EDT

By Akane Otani

U.S. government bonds weakened Tuesday as a rebound in risky assets helped investors look past disappointing housing data.

The yield on the benchmark 10-year U.S. Treasury settled at 3.111%, according to Tradeweb, compared with 3.083% Monday.

Bond yields, which rise as prices fall, fell to session lows after S&P Dow Jones Indices data showed average home prices in major metropolitan areas around the U.S. rose 5.8% in the year through August, marking the first reading below 6% in a year.

The report was the latest to suggest that the housing market is starting to slow down, hurt by rising mortgage rates that have crimped affordability for many buyers. Some uneven data, plus heightened volatility across financial markets, have recently diminished traders' confidence in the Federal Reserve being able to raise rates multiple times over the next year.

Federal-funds futures, used to place bets on the course of interest rates, late Tuesday showed a 28.7% chance of the Fed pushing through three interest-rate increases by June 2019 -- down from 34% one week ago, according to CME Group.

Bond yields later pared some of their declines as stocks opened higher on the day, reversing a sharp slide from Monday that had taken the S&P 500 to the verge of correction territory -- a 10% decline from a recent high. Strong stock gains can send bond yields higher since investors tend to be drawn to Treasurys when their appetite for risk is lower.

Much of the recent action in the bond market has followed fluctuations in stocks, said Ian Lyngen, head of U.S. government debt strategy at BMO Capital Markets.

"We've heard the expression 'we're all stock traders now' several times this morning," Mr. Lyngen said in a note.

Treasurys may continue drifting along until investors get their next look at data including the Labor Department's monthly jobs report Friday, which will show investors whether wage growth is picking up, he added.

Write to Akane Otani at akane.otani@wsj.com

Stocks mentioned in the article
ChangeLast1st jan.
DJ INDUSTRIAL -1.77% 25502.32 Delayed Quote.9.32%
NASDAQ 100 -2.23% 7326.056662 Delayed Quote.15.74%
NASDAQ COMP. -2.50% 7642.666882 Delayed Quote.15.18%
S&P 500 -1.90% 2800.71 Delayed Quote.11.72%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on S&P 500
06:18pS&P 500 futures rise after report finds no Trump campaign collusion with Russ..
RE
04:28pStock Market Rally Trips on Global Growth Fears
DJ
09:15aCashing In on Volatility Has Been Tougher Than Expected for Cboe
DJ
07:15aStock Market Rally Trips on Global Growth Fears
DJ
03/23MARKET SNAPSHOT: The Persistence Of Subzero Rates In Europe May Revive A Peri..
DJ
03/22WALL STREET STOCK EXCHANGE : Stocks, Bond Yields Fall Amid Anxiety Over World Ec..
DJ
03/22WALL STREET WEEK AHEAD : Doubts increase that first quarter will be earnings low..
RE
03/22U.S. Treasuries signal trouble, stocks fall on global growth worries
RE
03/22WALL STREET STOCK EXCHANGE : Stocks, Bond Yields Fall Amid Anxiety Over World Ec..
DJ
03/22MARKET SNAPSHOT: Stocks Log Worst Day In Over 2 1/2 Months As Bond Market Fla..
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
TrendsBullishBullishNeutral
Top / Flop S&P 500
TIFFANY & CO. 103.21 Delayed Quote.3.15%
VERIZON COMMUNICATIONS 59.76 Delayed Quote.2.52%
CONAGRA BRANDS 26.45 Delayed Quote.2.44%
THE JM SMUCKER COMPANY 114.3 Delayed Quote.2.43%
GENERAL MILLS 50.74 Delayed Quote.1.40%
WESTERN DIGITAL 48.39 Delayed Quote.-6.55%
NIKE 82.19 Delayed Quote.-6.61%
UNITED RENTALS 110.96 Delayed Quote.-6.80%
BRIGHTHOUSE FINANCIAL INC. 35.54 Delayed Quote.-6.84%
SVB FINANCIAL GROUP 212.19 Delayed Quote.-7.06%
Heatmap :