| 211. | Mortgage Rates Poised to Rise on Trade Deficit
An increase in the U.S. trade deficit in April that featured record imports and exports spooked bond traders on Friday and ignited a major sell-off in U.S. Treasuries. The strong numbers built a case for a healthy economy, the possibility of an upwar After beginning the week with a two-day rally on the belief that the Fed was close to pausing its interest-rate-hike program, things went downhill. Fed Chief Alan Greenspan said credit tightening will continue at a 'measured' pace and verifi..
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| Article XML Feed | | - Friday, June 10, 2005 |
| | 212. | Greenspan Disappoints Bond Traders, But Mortgage Rates Hold
The highly anticipated testimony by Fed Chairman Alan Greenspan before the Joint Economic Committee of Congress ended in disappointment for traders of U.S. Treasuries on Thursday. It was hoped that the Fed chief would call an end to rate hikes in theHe remained bullish on the economy, stating that it is on 'reasonably firm footing,' and noted that inflation remains in check. Greenspan downplayed the notion of a 'housing bubble,' but added that prices could decline in some areas. ..
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| Article XML Feed | | - Thursday, June 09, 2005 |
| | 213. | Mortgage Rates Unchanged in Spite of Treasury Sell-Off
U.S. Treasury securities sold off on Wednesday as traders awaited Thursday's testimony by Fed Chairman Alan Greenspan before the Joint Economic Committee of Congress. Greenspan's bullish comments regarding inflation stoked a rally in TreasuriProfit-taking was also a factor after two days of aggressive buying, and some analysts believed selling occurred prior to today's auction of five-year notes in order to drive the yield, which moves in the opposite direction of price, up. The auct..
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| Article XML Feed | | - Wednesday, June 08, 2005 |
| | 214. | Treasury Rally Keeps Mortgage Rates Low
U.S. Treasury securities rallied for a second day on Tuesday - this time on encouraging words by Fed Chairman Alan Greenspan. Last night Greenspan told a bankers conference in Beijing via satellite that he expects yields on long-term Treasury notes aGenerally when this occurs, the yield difference between shorter-term bills and longer-term notes and bonds narrows - a phenomenon called 'curve flattening.' This generally signals a slowdown in the economy. But Greenspan said this is not nec..
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| Article XML Feed | | - Tuesday, June 07, 2005 |
| | 215. | Financial Markets Trade Flat, Mortgage Rates Remain Low
The financial markets took a break on Monday after a tumultuous week that saw U.S. Treasury yields, which move in the opposite direction of prices, fall to 14-month lows. Signs that inflation, which robs fixed-rate assets such as bonds of their valueThere was no economic data to guide the markets on Monday, and there will not be any news released on Tuesday. This has traders focusing on a speech by Fed Chairman Alan Greenspan tonight to international bankers via satellite, although there is litt..
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| Article XML Feed | | - Monday, June 06, 2005 |
| | 216. | Mortgage Rates Continue to Drop
The May employment report, which disappointed some pundits, set the U.S. Treasury securities market on fire on Friday when jobs added to non-farm payrolls fell short of estimates by more than 50 percent. Treasury yields, which move in the opposite diThe yield on the benchmark 10-year note that lenders use as a guide to set rates briefly touched 3.81 percent and remained below 3.84 percent for a good part of the morning. But failure of the yield to breach the 3.80 percent level and bearish remark..
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| Article XML Feed | | - Friday, June 03, 2005 |
| | 217. | Weak Employment Data Keep Mortgage Rates Low
A surprisingly weak employment report for May released Friday capped a great week for U.S. Treasuries. Strong demand for U.S. Treasury securities sent the yield on the benchmark 10-year note, which moves in the opposite direction of price, to a 16-moOnly 78,000 jobs were added to non-farm payrolls in May – far below estimates of 185,000, and way below the 274,000 jobs added in April. Hourly wages showed no inflationary tendencies, rising by an expected 0.2 percent to an average of $16.03 per hou..
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| Article XML Feed | | - Thursday, June 02, 2005 |
| | 218. | The 10-Year T-Note Yield Hits 13-Month Low
Enthusiastic buying in U.S. Treasury securities Wednesday sent prices soaring and their yields, which move in the opposite direction of prices, tumbling. The yield on the benchmark 10-year note that lenders use as a guide to set rates hit its lowest The catalysts that ignited buying included a weak reading on nationwide manufacturing conditions that eased fear of inflation, and comments from a Fed official suggesting the series of rate hikes that began in June 2004 could be nearing the end. Cont..
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| Article XML Feed | | - Wednesday, June 01, 2005 |
| | 219. | Treasury Yields Slide and Mortgage Rates Follow
The rejection of the European Union Constitution by the French on Sunday led to strong buying in U.S. Treasury securities Monday. The Dutch are likely to follow suit on Wednesday. Such action could delay reform in the European markets and lead to sloA weaker-than-expected reading on the Chicago Purchasing Managers index (PMI) of manufacturing conditions also added to demand for Treasuries. The PMI fell to 54.1 in May from April's 65.6 number. May's index was far below analysts' forec..
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| Article XML Feed | | - Tuesday, May 31, 2005 |
| | 220. | Treasuries Stick Little-Changed, Mortgage Rates Stay Soft
A lazy preholiday trading session left U.S. Treasury securities and equities little-changed on Friday. After a busy week that saw mortgage rates stick near recently lowered levels, many players took off early for the weekend, and interest-rate andThe lull in trading volume and dearth of surprising data kept Treasury yields, which move opposite of prices, nearly flat at the bond market's early close on Friday. That allowed mortgage lenders who basis their rates on yields to continue adjust..
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| Article XML Feed | | - Friday, May 27, 2005 |
| | 221. | Treasury Yields and Mortgage Rates Basically Unchanged
U.S. Treasury securities were unfazed by the upward revision to first-quarter Gross Domestic Product (GDP) on Thursday. In fact, traders appeared oblivious to any shifts in the economic landscape. Stocks rallied, closing with strong gains, but traderGDP growth was upwardly revised to 3.5 percent in the first quarter of 2005. This was up from the advance reading of 3.1 percent, but short of the final 2004 fourth-quarter gain of 3.8 percent. Today's data was also below analysts' expectatio..
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| Article XML Feed | | - Thursday, May 26, 2005 |
| | 222. | Rates Edge Down in Spite of Treasury Sell-Off
A three-week rally in U.S. Treasuries slowed on Wednesday as visions of more aggressive rate hikes loomed. Tepid economic reports have lulled bond traders into thinking that the Fed might pause its program of credit tightening. But Tuesday's releThese factors, plus disappointment over the performance of the German bund, resulted in steady selling. Although the yield on the 10-year note, which lenders use to set mortgage rates, rose today, mortgage rates continued to creep down due to the sub..
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| Article XML Feed | | - Wednesday, May 25, 2005 |
| | 223. | Rates Continue to Creep Down
It was another good session on Tuesday for U.S. Treasuries in spite of record-setting housing sales numbers and the minutes of the Federal Open Market Committee, which alluded several times to inflation. Treasury buying was steady in the morning, senTreasuries held their ground when Existing Home Sales for April were released. Sales climbed 4.5 percent to a record-setting annualized rate of 7.18 million units. This was well above the 6.9 million units forecast. It was also noted that prices for ..
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| Article XML Feed | | - Tuesday, May 24, 2005 |
| | 224. | Treasury Yields Edge Down But Rates Are Unchanged
Buying in U.S. Treasuries began early in Monday's session and then leveled off, but not before the yield on the benchmark 10-year fell to 4.07 percent. Treasury prices and yields move in opposite directions., The catalyst to buy came from Europe, where there are signs of political unrest that make U.S. Treasuries the safer investment choice. The possibility that France and Holland will not back the constitution of the European Union, and an upset election..
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| Article XML Feed | | - Monday, May 23, 2005 |
| | 225. | Treasury Yields and Rates Remain Flat
U.S. Treasuries, which have benefited from safe-haven buying due to concerns about the creditworthiness of corporate bonds, gave back some of their gains on Friday. Reversing recent inflows, some funds headed back to better-paying corporate instrumenWall Street Finishes a Big Week, ..
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| Article XML Feed | | - Friday, May 20, 2005 |
| | 226. | Two-Day Treasury Rally Fizzles But Rates Remain Low
It was a mixed bag on Thursday for the financial markets, with economic news coming in both positive and negative. U.S. Treasuries were faced with a big decline in first-time employment claims. This put pressure on bonds, which began to sell on the nFirst-time claims for the week ended May 13 fell by 20,000 - twice what analysts were expecting - to 321,000. However, the more closely watched four-week average that smoothes volatility rose by more than 5,000 to 329,750. Continued claims - people c..
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| Article XML Feed | | - Thursday, May 19, 2005 |
| | 227. | Financial Markets Rally While Rates Edge Down
A bond-friendly Consumer Price Index (CPI) rallied both stocks and bonds on Wednesday, as investors celebrated a benign report on inflation that will likely keep the Fed on track for its 'measured' rate increases. U.S. Treasuries greeted the The headline CPI index showed an increase of 0.5 percent in April, which was above analysts' estimates of a 0.4 percent gain, but below the 0.6-percent increase for March.
The real market mover was the core index, which eliminates volatile food..
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| Article XML Feed | | - Wednesday, May 18, 2005 |
| | 228. | Treasuries and Rates Hold Steady
Many analysts agree that traders of U.S. Treasuries are no longer focused on threat of inflation, and Tuesday's market activity backs up this notion. A stronger-than-expected Producer Price Index (PPI) for April was all but ignored today, althougBut the consensus is that the worst is behind, after months of anxiety regarding inflation and the negative effects it could have on Treasuries. Traders fear inflation not only because it erodes the value of fixed-rate assets, but also because the Fe..
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| Article XML Feed | | - Tuesday, May 17, 2005 |
| | 229. | Rates Edge Down Over Weekend -- Then Hold
Last Friday's rally in U.S. Treasuries sent prices up and yields, which move in the opposite direction of prices, down. This allowed mortgage lenders who base their rates on yields to edge them down over the weekend on many popular products. On MThe NY Empire State May index plunged to a minus 11.11 - far below the zero line that separates expansion from contraction. This was the index's lowest level in two years, and far short of the plus-11 reading that analysts had predicted. The Apri..
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| Article XML Feed | | - Monday, May 16, 2005 |
| | 230. | Rates Edge Down on Heavy Buying in Treasuries
U.S. Treasuries put in a stellar performance on Friday, with prices rising and yields, which move in the opposite direction of prices, tumbling. Although there was no clear consensus on why Treasuries did what they did, the bottom line is that the yiOne reason for the bond rally was an unexpected decline in the preliminary consumer sentiment survey for May taken by the University of Michigan. The index fell to 85.3 - its lowest reading in two years - from 87.7, the final April number. Analysts w..
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| Article XML Feed | | - Friday, May 13, 2005 |
| | 231. | Treasury Yields Slide and Rates Could Follow
Retail sales in April doubled expectations, erasing visions of a slowing economy that have kept buying in U.S. Treasuries steady over the past several days. Instead, selling ensued on Thursday, as signs that the consumer is still buying stirred worriTreasury yields, which move in the opposite direction of prices, began to rise and the selling continued. But a successful auction of 10-year notes reversed the course. Not only did buyers come back to Treasuries, but a steep dive in blue chips engen..
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| Article XML Feed | | - Thursday, May 12, 2005 |
| | 232. | Rates Hold Amid Choppy Waters
The financial markets waded through choppy waters on Wednesday, with U.S. Treasury yields, which move in the opposite direction of prices, falling early in response to an unexpected narrowing of the U.S. trade gap. Additional money headed to the safeThe U.S. trade deficit shrank to $55 billion in March - far less than the $60.6 billion posted in February, and a long way from the $62 billion that analysts were expecting. A 3-percent decrease in imports, despite a 20-percent increase in the value ..
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| Article XML Feed | | - Wednesday, May 11, 2005 |
| | 233. | Treasury Yields Slide But Rates Remain Firm
A successful auction of three-year notes on Tuesday boosted buying in U.S. Treasuries, which also benefited from an influx of funds leaving Wall Street as the equity markets swooned. With no economic reports released, the financial markets looked to Concerns about economic growth and disappointing earnings kept pressure on stocks from opening until closing, sending investors to the safe haven of government issues. Prices of Treasuries climbed and their yields, which move in the opposite directio..
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| Article XML Feed | | - Tuesday, May 10, 2005 |
| | 234. | Rates Hold In Spite of High Yields
Yields on U.S. Treasuries, which move in the opposite direction of prices, continued to climb on Monday in the wake of Friday's impressive April Employment Report. The yield on the benchmark 10-year note hit its highest level in two weeks early iThe yield on the 10-year hit a high of 4.288 percent prior to todya's opening, but backed off a little when wholesale inventories in March rose a mere 0.4 percent. Analysts were expecting a 0.8-percent increase. Wholesale sales in March rose 0.2 ..
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| Article XML Feed | | - Monday, May 09, 2005 |
| | 235. | Employment Report Trounces Treasuries
A big increase in April non-farm payrolls wreaked havoc on U.S. Treasuries on Friday. Rampant selling ignited by fears of aggressive rate hikes sent Treasury prices plunging and their yields, which move in the opposite direction of prices, soari Friday's employment report beat estimates by more than 100,000 jobs, and another 93,000 were added when previous months' revisions were factored in. Earnings rose 0.3 percent to $16.00 per hour, which was slightly more than the 0.2 perce..
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| Article XML Feed | | - Friday, May 06, 2005 |
| | 236. | Strong Jobs Growth Pulls Treasury Yields Upward
Stronger-than-expected growth in the U.S. labor market last month sparked a sell-off in Treasury securities prices on Friday, hoisting yields higher immediately after the data., Yields jumped after news that 274,000 new jobs were created in April, far higher the 175,000 jobs gain forecast. March and February's payrolls were revised upward as well. The jobless rate stayed at 5.2 percent, while hourly earnings rose 0.3 per..
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| Article XML Feed | | - Friday, May 06, 2005 |
| | 237. | Rates Remain Low in Wake of Fed Rate Hike
Mortgage rates remained low Wednesday in spite of volatility in the Treasury markets brought about by news that the U.S. Treasury is considering reissuing the 30-year bond. A final decision on the long bond will be announced on Aug. 3. Although A big Wall Street rally negatively affected Treasuries, as money moved out of the safe haven and back into the booming equity markets. The yield on the benchmark 10-year Treasury note, which slid Tuesday after the Fed said long-term inflation ap..
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| Article XML Feed | | - Wednesday, May 04, 2005 |
| | 238. | Fed Error Could Send Rates Down
The Federal Open Market Committee (FOMC), the policy-making arm of the Federal Reserve Bank, raised the target fed funds rate by 25 basis points (one-quarter of 1.0 percent) to 3.0 percent from 2.75 percent on Tuesday, as expected. The Fed also retaiThe Fed did err, however, by omitting the sentence, "Longer-term inflation expectations remain well contained'' in its initial release. The Fed corrected the omission, which had appeared in previous statements, just minutes before the cl..
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| Article XML Feed | | - Tuesday, May 03, 2005 |
| | 239. | Fed Increases Short-Term Interest Rates by 25 Basis Points
The Federal Open Market Committee (FOMC), the policy-making arm of the Federal Reserve Bank, did exactly as expected. It raised the target fed funds rate by 25 basis points (one-quarter of 1.0 percent) to 3.0 percent from 2.75 percent. The Fed also rThe financial markets, which had been trading near unchanged prior to the statement, edged off slightly on the news but the moves were contained. There had been some anxiety regarding the Fed statement, as soft patches in the economy as well as signs..
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| Article XML Feed | | - Tuesday, May 03, 2005 |
| | 240. | Rates Move Little after Mixed Economic Data
U.S. Treasury securities prices fell on Friday as buyers bailed out before the weekend from a market jittery about more upcoming economic data. The drop in Treasury prices, which move in the opposite direction of yields, buoyed interest rates slightlMixed domestic economic data on Friday kept the market on its toes, hunting for solid direction. Although the employment cost index and consumer sentiment reading each posted weaker results than forecast, personal income and spending last month showe..
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| Article XML Feed | | - Friday, April 29, 2005 |
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