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

U.S. Government Bonds Weaken on Recovery in Manufacturing Data

share with twitter share with LinkedIn share with facebook
share via e-mail
0
04/15/2019 | 10:09am EDT

By Akane Otani

U.S. government bonds began the week with declines as data pointed to a rebound in manufacturing activity at the start of the month.

The yield on the benchmark 10-year Treasury note was recently at 2.562%, according to Tradeweb, compared with 2.560% Friday.

Yields, which rise as bond prices fall, ticked higher after the Federal Reserve Bank of New York's monthly survey of manufacturers showed a gauge of general business conditions picked up more than expected in April. That marked a rebound after the index fell to a nearly two-year low in March.

Upbeat economic data tends to chip away at demand for Treasurys, whose fixed payouts look most attractive when the growth outlook looks uncertain. Bond selling has sent the yield on the 10-year Treasury note to its highest level in roughly a month, a reversal after worries about uneven data at the start of the year sent Treasury yields slumping.

Later this week, bond traders will get more insight on the economy with reports on industrial production, retail sales and housing starts scheduled for release. Corporate earnings season will also get under way, which some analysts believe could spur some volatility after a relatively quiet stretch for financial markets.

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

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news "Economy & Forex"
10:05aNigeria's central bank holds benchmark lending rate at 13.5 pct
RE
10:04aWall Street opens higher on strong Coca-Cola, United Tech earnings
RE
10:01aIMF says first quarter global trade growth slowest since 2012, big downside risk
RE
09:50aCENTRAL PEOPLE GOVERNMENT OF PEOPLE RE : Resilient foreign trade sees great potential
PU
09:49aBrexit means Bank of England must be 'fleet of foot' - Haldane
RE
09:45aOil slips to around $63 as Iran concerns fade for now
RE
09:45aOil slips to around $63 as Iran concerns fade for now
RE
09:45aOABA SUSTAINING SPONSOR SPOTLIGHT : Nutrien
PU
09:43aTSX opens higher, tracking global cues
RE
09:42aOil slips to around $63 as Iran concerns fade for now
RE
Latest news "Economy & Forex"
Advertisement