treasury auctions: Market UpDate
- 06/06/11 06:46 AM
On Friday the May employment report disappointed with only a 54k gain vs an expected 165k gain in nonfarm payrolls and an increase of the unemployment rate to 9.1% vs an expected 8.9%. Last week was filled with weak economic data and stocks finished the week down more than 2.0% and Treasuries and mortgages rallied. The employment number propelled Treasuries higher Friday with the 2-year Treasury finishing up 1.75/32nds (0.433) and the 10-year Treasury finishing up 9.5/32nds (2.997). Mortgages followed Treasuries higher and outperformed swaps (libor curve) by 1 to 2/32nds. The FNCL (30-year) 4.0s in June finished up 5+/32nds (101-1) and the … (0 comments)
treasury auctions: Friday's Market UpDate
- 06/18/10 06:22 AM
Friday's bond market has opened down slightly with no economic data or noticeable stock movements to influence trading. The stock markets are showing modest gains with the Dow up 9 points and the Nasdaq up 3 points. The bond market is currently down 5/32, which should keep this morning's mortgage rates close to yesterday's levels.There is no relevant economic data being posted today. However, it may be a fairly active day for the stock markets since today is "quadruple witching." This has to do with stock option expirations that must be executed and really has no direct relation to the bond … (0 comments)
On Friday the May employment report disappointed with only a 54k gain vs an expected 165k gain in nonfarm payrolls and an increase of the unemployment rate to 9.1% vs an expected 8.9%. Last week was filled with weak economic data and stocks finished the week down more than 2.0% and Treasuries and mortgages rallied. The employment number propelled Treasuries higher Friday with the 2-year Treasury finishing up 1.75/32nds (0.433) and the 10-year Treasury finishing up 9.5/32nds (2.997). Mortgages followed Treasuries higher and outperformed swaps (libor curve) by 1 to 2/32nds. The FNCL (30-year) 4.0s in June finished up 5+/32nds (101-1) and the … (0 comments)
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