economy: Treasuries Little Changed as Stocks Rise
- 07/12/07 02:45 AM
Treasuries were little changed as stocks advanced, suggesting investors are becoming less averse to risky assets. Treasuries advanced on July 10 the most since February as Standard & Poor's and Moody's Investors Service warned about the credit quality of subprime mortgages. All of this up and down movement!...the market is rather unpredictable these days!! At least rates are still "historically" low. Here's to hoping that rates drop and the housing market picks up! :-) … (0 comments)
economy: Treasuries fall as the U.S. & U.K. tighten security after two attempted car bombings
- 07/01/07 02:47 PM
Treasuries fell as the U.S. and the U.K. tightened security following two attempted car bombings in London and an attack on Glasgow airport, reducing demand for the relative safety of government debt. Ten-year yields fell to a three-week low last week when the threats cut the attraction of riskier securities. U.K. police arrested five people and searched houses, while adding officers to patrols in crowded areas. The U.S. increased the number of air marshals on overseas flights. I hate it that the terrorists always seem to win no matter what!!!! … (1 comments)
economy: Rates are down a bit today! :-)
- 06/29/07 03:08 AM
Treasuries rose after a government report showed the Federal Reserve's most closely watched measure of inflation slowed in May and consumer spending increased less than economists forecast. U.S. government securities erased losses that came yesterday after the Federal Reserve said in its statement that inflation remains its predominant concern. Bonds also got a boost from investors who typically buy Treasuries at the end of the month to match changes in benchmark indexes. The Federal Reserve kept its benchmark lending rate at 5.25 percent yesterday for an eighth consecutive meeting, saying inflation is still the greatest risk facing the economy. Your seconds … (0 comments)
economy: THE FED MET TODAY....Rates Still Paused.
- 06/28/07 10:23 AM
Treasuries fell after the Federal Reserve said inflation is still the greatest risk facing the economy while keeping the benchmark lending rate at 5.25 percent for an eighth consecutive meeting. Yields on two-year notes, more sensitive than longer- maturity debt to Fed rate changes, rose the most in two weeks as traders pared bets the central bank will lower its target rate this year after increasing it 17 times from June 2004 to June 2006. Two-year yields yesterday touched a one-month low. The gap between two- and 10-year yields narrowed to 16 basis points, the smallest in a week. The differential … (3 comments)
economy: Freddie Mac Says Subprime is`Severe but Contained'
- 06/26/07 04:27 AM
June 26 (Bloomberg) -- Freddie Mac Treasurer Timothy Bitsberger said the subprime mortgage slump is ``severe but contained.'' Subprime borrowers, people with the riskiest credit records, make up a small part of the U.S. mortgage market and are mostly in seven states, Bitsberger said today at a conference in London. The owners of bonds made up of subprime mortgages are mainly ``large institutional players who can withstand the loss,'' he said. Freddie Mac is the second-biggest U.S. mortgage finance company. Rising defaults on U.S. subprime mortgages have pushed at least 60 mortgage companies to close or sell their operations and forced … (0 comments)
economy: U.S. Two-Year Notes Gain First Time Since April
- 06/23/07 04:21 AM
Treasury two-year notes rose for the first time since April as investors sought refuge from possible hedge fund losses. Two-year yields fell more than 10-year yields this week, increasing the yield premium of the longer-term debt to the most since October 2005, as Bear Stearns Cos. offered to provide $3.2 billion in loans to bail out one of its money-losing hedge funds. The Federal Reserve is forecast by economists to hold its benchmark lending rate steady at its meeting next week. Benchmark 10-year notes had their first weekly gain since May 4, pushing yields down 4 basis points to 5.13 percent. The … (0 comments)
economy: Treasury Yield Curve Steepest Since 2005
- 06/22/07 03:21 AM
The difference in Treasury 10-year and two-year note yields widened to the most since October 2005 as investors sought a haven from hedge fund losses. Two-year notes were poised for their first weekly gain since April, while 10-year notes were down for a seventh week, widening the yield advantage of the longer-term debt to 23 basis points. Investors bought two-year notes as creditors moved to liquidate assets from two Bear Stearns Cos. hedge funds. I think we are going to start seeing ARMS at 6.50 and FIXED RATES at 7.50 again. I am going to miss the flate yield curve where … (2 comments)
economy: The worst is yet to come for the U.S. housing market
- 06/20/07 01:42 AM
The jump in 30-year mortgage rates by more than a half a percentage point to 6.74 percent in the past five weeks is putting a crimp on borrowers with the best credit just as a crackdown in subprime lending standards limits the pool of qualified buyers. The national median home price is poised for its first annual decline since the Great Depression, and the supply of unsold homes is at a record 4.2 million, according to the National Association of Realtors. Confidence among U.S. homebuilders fell in June to the lowest since February 1991, Housing starts declined in May for the first … (14 comments)
economy: The worst is yet to come for the U.S. housing market...
- 06/20/07 01:40 AM
The jump in 30-year mortgage rates by more than a half a percentage point to 6.74 percent in the past five weeks is putting a crimp on borrowers with the best credit just as a crackdown in subprime lending standards limits the pool of qualified buyers. The national median home price is poised for its first annual decline since the Great Depression, and the supply of unsold homes is at a record 4.2 million, according to the National Association of Realtors. Confidence among U.S. homebuilders fell in June to the lowest since February 1991, Housing starts declined in May for the first … (5 comments)
economy: Treasuries Rise a Third Day as Housing Starts Decline in May
- 06/19/07 02:41 AM
June 19 (Bloomberg) -- U.S. Treasuries rose for a third straight day after a government report showed home construction slowed to a four-month low in May. The consecutive declines in yields on benchmark 10-year notes is the longest streak in two months. Yields on the securities had touched the highest in five-years last week as investors pared expectations for the Federal Reserve to reduce interest rates this year. … (2 comments)
economy: Fed may step in as subprime deliquencies hit all-time high
- 06/14/07 03:47 AM
As late payments and new foreclosures on adjustable-rate home mortgages made to people with spotty credit spiked to all-time highs in the first three months of this year, the Federal Reserve on Thursday considered reforms to crack down on lending abuse.The Mortgage Bankers Association, in its quarterly snapshot of the mortgage market released Thursday, reported that the percentage of payments that were 30 or more days past due for "subprime" adjustable-rate home mortgages jumped to 15.75 percent in the January-to-March quarter.That was a sizable increase from the prior quarter's delinquency rate of 14.44 percent and was the highest on record, the … (2 comments)
economy: Treasuries Rise as Investors Predict Slower U.S. Growth
- 06/12/07 07:11 PM
Well it's about time! Looks like we can all take a breather today...thank goodness after what happened to rates yesterday!! U.S. Treasuries rebounded as some Asian investors said benchmark yields at a five-year high are attractive given the outlook for a slowdown in U.S. economic growth and inflation. Consumer spending, which accounts for more than two-thirds of the economy, will grow at a 2.2 percent annual rate this quarter, about half the pace of the previous six months, according to the median estimate of economists surveyed earlier this month by Bloomberg News. Any gains in Treasuries may be limited by stop-loss orders as … (3 comments)
economy: U.S. Treasuries Decline as Investors Abandon Rate-Cut Forecasts
- 06/11/07 03:20 AM
U.S. Treasuries fell, adding to five weeks of losses, as Federal Reserve Bank of Cleveland President Sandra Pianalto said inflation is ``uncomfortably high.'' Fourteen of the 21 primary dealers that underwrite the government's debt, including Merrill Lynch & Co. and Goldman Sachs Group Inc., boosted their year-end estimate for the central bank's target rate or the 10-year note's yield after the Labor Department reported the economy added more jobs than forecast in May. Yields on 10-year notes exceed two-year securities by 15 basis points, the most since May 2006. It just keeps getting worse and worse!! … (2 comments)
economy: U.S. Treasuries Decline as Investors Abandon Rate-Cut Forecasts
- 06/11/07 03:19 AM
U.S. Treasuries fell, adding to five weeks of losses, as Federal Reserve Bank of Cleveland President Sandra Pianalto said inflation is ``uncomfortably high.'' Fourteen of the 21 primary dealers that underwrite the government's debt, including Merrill Lynch & Co. and Goldman Sachs Group Inc., boosted their year-end estimate for the central bank's target rate or the 10-year note's yield after the Labor Department reported the economy added more jobs than forecast in May. Yields on 10-year notes exceed two-year securities by 15 basis points, the most since May 2006. It just keeps getting worse and worse!! … (0 comments)
economy: Treasuries Fall Before Report Likely to Show Rising Confidence
- 05/29/07 12:56 AM
Treasuries fell, pushing 10-year note yields toward the highest since January, before a report expected to show confidence among U.S. consumers rebounded in May. Ten-year yields have risen more than a quarter percentage point this month on expectations a resilient housing market and signs of economic growth will deter the Federal Reserve from cutting interest rates. Futures traders reduced bets on lower borrowing costs as reports this week may show U.S. employers created more jobs this month and personal spending accelerated. This report is very important as it'll give us an indication of how consumer spending trends are going to develop,' … (1 comments)
economy: Treasuries Head for 3rd Weekly Decline on Signs of U.S. Growth
- 05/25/07 03:16 AM
Treasuries headed for a third straight week of declines as signs of recovering economic growth reduced traders' bets on a cut in borrowing costs by the Federal Reserve later this year. The notes pared their weekly drop after an industry report today showed sales of previously owned homes in the U.S. fell in April to the lowest level in almost four years, dimming prospects for a quick recovery in housing. A government report yesterday showed the biggest jump in new-home sales in 14 years. ``The housing market is still fairly soft,'' said Ian Lyngen, an interest-rate strategist in Greenwich, Connecticut, at … (0 comments)
economy: Treasury 2-Year Yield Trades Near 3-Month High on U.S. Economy
- 05/22/07 03:46 AM
Treasury two-year yields traded near a three-month high on expectations reports this week will show the U.S. economy is gathering momentum. Yields on the notes, the most sensitive to changes in interest-rate expectations, have risen 8 basis points in the past week as traders reduced bets the Federal Reserve will cut interest rates this year. Richmond Fed President Jeffrey Lacker said today he is still worried about inflation. ``The market will drift a little higher in yields,'' said Carl Lantz, an interest-rate strategist in New York at Credit Suisse Group, one of the 21 primary U.S. government securities dealers that trade … (0 comments)
economy: Treasuries Fall to One-Month Low as U.S. Jobless Claims Decline
- 05/17/07 02:53 AM
Treasuries fell to a one-month low after a government report showed initial jobless claims in the U.S. unexpectedly declined last week. Yields on two-year notes, the most sensitive to changes in interest rates, gained as evidence of a strong labor market led traders to lower bets that the Federal Reserve will cut its benchmark interest rate to stimulate the economy. Policy makers last week held their target rate steady, saying inflation remains the ``predominant'' concern. ``In the sense that the labor market is strong, it reduces the likelihood of a near-term Fed easing that had been priced into the market,'' said … (0 comments)
economy: U.S. Leading Indicators Index Weakened in April
- 05/16/07 06:08 PM
An index of leading U.S. economic indicators weakened last month with a slowdown in the job market, economists said before a private report today. The Conference Board's index was unchanged in April after a 0.1 percent increase in March, according to the median estimate in a Bloomberg News survey of 59 economists. The index points to the direction of the economy over the next three to six months. An increase in jobless claims and a shorter factory work week weighed on the leading indicators in April. The index has risen only once this year as weakness in the housing market and … (0 comments)
economy: Treasuries Fall as Inflation Data Leaves Central Bank on Hold
- 05/11/07 05:54 AM
Treasuries fell the most in more than two weeks after a government report showed a measure of inflation was flat for a second consecutive month, adding to speculation the Federal Reserve may not change interest rates for the rest of the year. Producer prices excluding food and fuel were unchanged in March and April. Fed policy makers on May 9 left their benchmark lending rate unchanged at 5.25 percent for the seventh straight meeting and said the ``predominant'' concern was that ``inflation will fail to moderate.'' Bonds also declined as stocks advanced. ``The market knows that the Fed is weighing the … (0 comments)
Treasuries were little changed as stocks advanced, suggesting investors are becoming less averse to risky assets. ;)
;)
