|Day's range||2.90 - 2.93|
|52-week range||2.03 - 3.12|
Government bond prices sank Friday but capped off a second week of gains. The yield on the 10-year Treasury note inched higher to 2.902% Friday, from 2.899% on Thursday. Yields rose with global stocks on Friday after a turbulent week, reducing demand for safer assets like Treasury bonds, which have swung on news from Federal Reserve Chairman Jerome Powell.
Treasury yields held their ground on Friday after a week that saw the traditional haven boosted by anxieties centered on trade clashes between the U.S. and major trading partners such as China and the European Union. Investors scooping up U.S. government paper to take shelter from turmoil in global stocks have anchored bond yields, giving a modest lift to prices. Financial markets are grappling with fears that tariff disputes could—if they erupt into a full-blown trade war—prove a major headwind for the global economy.
Analysts at Bank of America Merrill Lynch have offered a neat way to make sense of the bond market’s reaction in the event of a trade war, which has confused investors who say tariffs can tug Treasury yields in opposite directions. A global economy reeling from a trade-driven slowdown could prompt the Federal Reserve to cut the number of interest-rate hikes in its current tightening cycle, stirring a rally in bonds, said the team of strategists at BAML led by Ralph Axel.
Asian stocks fell Friday following Wall Street losses overnight as investors were still wary over trade disputes between China and the U.S. as well as between the U.S. and Europe that could hurt corporate profit and jobs. KEEPING SCORE: Japan's Nikkei 225 lost 0.9 percent to 22,500.45 while Hong Kong's Hang Seng index edged down 0.2 percent to 29,257.41. Stocks in Taiwan, Singapore and Southeast Asian countries were lower.
Treasury prices rose, pushing yields lower, on Thursday after investors grappled with the potential threat of a euroskeptic policies in Italy and the impact of protectionism on a global economy already reeling from a strong dollar and higher interest rates in the U.S. The 10-year Treasury note yield(XTUP:TMUBMUSD10Y=X) fell by 2.9 basis points to 2.899%. The 2-year note yield(XTUP:TMUBMUSD02Y=X) was down 2.1 basis points to 2.541%, while the 30-year bond yield(XTUP:TMUBMUSD30Y=X) slipped 2.1 basis points to 3.043%.
Gold prices marked a third straight session decline on Thursday to carve out another low for 2018 as a leading dollar index—lifted in a rising interest-rate environment—tapped its highest level since last summer. Among exchange-traded funds, the SPDR Gold Trust (GLD) was nearly flat, while iShares Silver Trust (SLV) added 0.2%. The VanEck Vectors Gold Miners (GDX) rose 0.3%.
Asian stock markets mostly rose Thursday as concern fades over the trade tensions between the U.S. and China. Uncertainty remains, but the original tariff threats made earlier in the week were not followed ...
U.S. government bond prices declined Wednesday after Federal Reserve Chairman Jerome Powell said falling unemployment and faster inflation support additional interest rate increases. The yield on the benchmark 10-year Treasury note rose to 2.928% from 2.893% on Tuesday, posting its biggest one-day climb in two weeks. The yield on the two-year Treasury note rose to 2.562% from 2.545%.
Treasury prices fell Wednesday, pushing up yields, after Federal Reserve Chairman Jerome Powell reasserted the need for gradual rate increases, citing a tight labor market. This comes a day after an escalation in the tit-for-tat trade skirmish between China and the U.S. drove investors to flee to the perceived safety of government paper. Risky assets across the globe signaled that tariff-spooked markets were reassessing the threat of a trade war materializing between the world’s largest economies.
Gold futures settle lower on Wednesday and mark a fresh nadir for 2018 as overall strength in dollar diminishes appetite for the yellow metal.
It is Coco Chanel’s proverbial “little black dress” of economic indicators. The slope made up of bond yields of various maturities has a record of predicting recessions that would make even the savviest econometrician turn pea-green with envy. , where the difference between the two and 10-year Treasury yields has narrowed to just 37 basis points.
Tuesday was no exception, with stocks down sharply on renewed worries about President Donald Trump’s trade feud with China. The stock market has some things going for it right now, of course. Economic growth appears to have picked up too, with the effects of a strong job market and the personal income-tax cuts many Americans received combining to drive consumer spending.
U.S. government bonds rallied Tuesday as President Donald Trump threatened to impose tariffs on some $450 billion in Chinese goods, ramping up a trade conflict between the world’s largest superpowers and sending investors rushing to assets perceived as safe. Against that backdrop, risk assets came under pressure while bond prices rose, driving yields lower. The 10-year Treasury note yield (XTUP:TMUBMUSD10Y=X) fell 3.3 basis points to 2.893%, slipping briefly below the 100-day moving average at 2.878%, their intersection has only occurred twice in the last nine months.
U.S. government bond prices were little changed Monday as investors sized up political instability in Germany and the potential for rising trade tensions to drag on global economic growth. The yield on the benchmark 10-year Treasury note held steady at 2.926%, while the two-year note yield, which tends to move with expectations for Federal Reserve interest-rate policy, fell for a third consecutive session to 2.555% from 2.557%. Yields fell early in the session after German Chancellor Angela Merkel was handed a two-week ultimatum by her coalition partners, adding the country to the list of areas in the world with the potential to add instability to a turbulent geopolitical environment.
U.S. government bond yields struggled for direction Monday as stocks pared some of their losses from the open, sparked by escalating trade tensions between Washington and Beijing. President Donald Trump approved tariffs of 25% on about $50 billion of Chinese goods Friday, drawing retaliatory measures by China on U.S. goods of the same value. The modest bounceback helped to ease the flow of investors into haven assets such as U.S. government bonds.
Gold- and silver-backed ETFs move lowerAFP/What’s next for gold? Gold futures notched a modest gain on Monday, after a drop late last week that took the commodity to the lowest close of 2018, as trade tensions elevated global uncertainty, providing support for bullion prices. Global markets have focused on a growing trade spat between the U.S. and China.
BEIJING (AP) — Asian stocks tumbled Tuesday after U.S. President Donald Trump escalated a dispute with Beijing over technology policy by threatening a tariff hike on additional Chinese goods.
Drops across European bourses accelerated in mid-afternoon action on Monday, with investors increasingly nervous over deepening trade disputes. Just after 1pm in London, the pan-European Stoxx 600 gauge ...
U.S. government bond prices jumped Friday after a tariff fight between the U.S. and China intensified. Yields fell after the Trump administration said it would go ahead with a planned imposition of tariffs on $50 billion of imports from China. Officials in China said they would retaliate immediately, raising the potential for a trade war between the world’s two biggest economies.
Yield curve flattest since 2007Reignited fears of a trade war between the U.S. and China contributed to a move to the perceived safety of government paper. U.S. government bonds found support Friday, extending a yield decline for Treasurys as an escalating trade spat between the U.S. and China contributed to a move to the perceived safety of government paper. Short-dated yields, on the other hand, were elevated for the week after the Federal Reserve signaled its intentions to raise rates four times this year.
U.S. stocks stabilized Thursday, suggesting investors are coming to terms with central banks’ plans to gradually leave behind a decade of unprecedented monetary stimulus. After the Federal Reserve signaled Wednesday that U.S. interest rates will likely go up four times in 2018—instead of three, as had been widely believed—the European Central Bank said Thursday it would end its bond-buying program in December. “The Fed and the ECB and other central banks have taken the market to places they’ve never been before, and now they want to gently nudge it back to somewhere closer to where it was in the past,” said Brent Schutte, chief investment strategist at Northwestern Mutual Wealth Management Co.
Wall Street opened lower on Friday after US President Donald Trump’s move to slap fresh tariffs on Chinese products revived fears of a full-blown trade war. Trump on Friday launched new 25 per cent tariffs ...
Bond yields fell early Thursday after the ECB’s meeting. The yield on the 10-year Treasury note then pared declines, before drifting lower again after data showed retail sales rose more than expected in May and that the number of Americans filing new claims for unemployment benefits fell more than expected. Stephen Voss for The Wall Street Journal The U.S. Treasury Building in Washington. In comparison, the ECB’s decision not to raise interest rates until mid-2019 struck many analysts as dovish.
If recent data is any indication, the U.S. is on track to reap a sterling quarter of growth, but that hasn’t stopped the yield curve from flattening toward an inversion, a precursor to a recession. Bond investors appear skeptical that this bump in growth can persist as longer-dated yields continue to fall this week. An inversion of the curve, when short-dated yields edge above long-dated ones, has preceded every recession since World War II.
Treasury yields slipped Thursday after the European Central Bank issued a timetable for the end of its easy-money policies. This follows the Federal Reserve’s decision Wednesday to lift interest rates, as expected. The U.S. central bank also signaled that it would tighten monetary policy at a slightly faster clip than had previously been anticipated, with the domestic economy growing steadily.