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

MarketScreener Homepage  >  News  >  Economy & Forex  >  All News

News : Economy & Forex
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance ProfessionalsCalendarSectors 
All NewsEconomyCurrencies / ForexCryptocurrenciesEconomic EventsPress releases

BOND REPORT: Treasury Yields Edge Lower As Stock-market Weakness Draws Haven Buying

share with twitter share with LinkedIn share with facebook
share via e-mail
0
04/15/2019 | 03:48pm EDT

By Sunny Oh

Treasury prices rose slightly Monday, pushing yields lower, after modest weakness in stocks helped give a bullish tilt to the bond market, as investors sought out haven assets.

Traders will enjoy a holiday-shortened week as stock and bond markets will be closed for Good Friday on April 19.

The 10-year Treasury note yield was down 0.7 basis points to 2.553%. The two-year note yield was virtually unchanged at 2.391% The 30-year bond yield fell 0.9 basis points to 2.963%. Debt prices move inversely to yields.

In trading thinned by the holiday week, analysts say they anticipate bonds to take their cue from the performance of risk assets and stocks this week as investors watch if S&P 500 companies' first-quarter earnings will decline for the first time in three years. If equities lose their upward momentum this week, appetite for haven assets could send prices for government paper higher, and yields lower.

The S&P 500 and the Dow Jones Industrial Averag e were on course to end lower Monday , after banks Citigrou p(C) and Goldman Sachs (GS) reported sharp declines in revenues.

"An earnings contraction doesn't necessarily portend a true economic recession; much the same as the inversion of the three-month bill/10-year yields curve doesn't. That said, there is mounting evidence of the fallout from the known economic headwinds -- to say nothing of those yet to be revealed," said Ian Lyngen, head of U.S. rates strategy, in a Monday note.

Trade tensions, bad weather, a government shutdown and rising input costs have all been cited as obstacles against further earnings growth among the U.S.'s largest firms. The consensus estimate is for earnings to fall 4.7% in the first quarter, FactSet data shows.

In economic data, the Empire State Survey for April rose sharply to 10.1 from a reading of 3.7 in the previous month. Later in the day, Chicago Fed President Charles Evans said he anticipated interest rates could stay unchanged through most of 2020 , but insisted further rate increases remained on the table.

Finally, the Treasury International Capital report will be released at 4 p.m. Eastern, which could give clues on demand for U.S. debt among foreign investors.

Stocks mentioned in the article
ChangeLast1st jan.
DJ INDUSTRIAL -0.18% 26511.05 Delayed Quote.13.65%
NASDAQ 100 0.31% 7713.494847 Delayed Quote.21.48%
NASDAQ COMP. 0.22% 8015.265628 Delayed Quote.20.54%
S&P 500 0.10% 2907.97 Delayed Quote.16.00%
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 "Economy & Forex"
12:24aJapan expects little impact from U.S. scrapping Iran oil waivers
RE
12:24aSouthEast Asia stocks - Indonesia rises; others trade flat-to-lower
RE
12:16aNEWS HIGHLIGHTS : Top Financial Services News of the Day
DJ
12:14aAsian stocks inch up but China falters; oil at 2019 highs
RE
12:08aJapan expects little impact from U.S. scrapping Iran oil waivers
RE
12:07aEND TO IRAN SANCTION WAIVERS ONLY BULLISH FOR OIL PRICES IN SHORT TERM : Barclays
RE
04/23Malaysia's central bank, regulator say financial markets remain resilient
RE
04/22UPDATE : ‘I'm ME, Not MEAT' Billboard Now Up Near Site of Truck Crash
PU
04/22Fast track - Indonesia, Malaysia rail projects may give China more deals
RE
04/22GLOBAL WITNESS : Entire $4.9 trillion investment in new oil and gas is incompatible with global climate goals
PU
Latest news "Economy & Forex"
Advertisement