e anche r2 è stata raggiunta, se gli indici iniziano a scendere sti capziiii
Long-term US Treasuries edge higher on benign PPI
NEW YORK, April 19 (Reuters) - Longer-term U.S. Treasury debt prices edged higher on Tuesday as a soft reading on underlying factory gate prices offered some relief from inflation fears.
Producer prices rose 0.7 percent overall in March, just above median forecasts for a 0.6 percent gain. However, the core measure excluding food and energy rose only 0.1 percent when analysts had looked for a 0.2 percent rise.
The core measure is considered more important for monetary policy and added to speculation the Federal Reserve would not have to be more aggressive in raising interest rates.
"On the whole this will assuage some of the concern that's been bubbling up about inflation since the start of the year and should keep the Fed on its measured path for now," said Richard Dekaser, chief economist at National City Corp. in Cleveland.
Accelerating inflation is corrosive to longer-term fixed-income debt so the data were a relief to Treasuries. The benchmark 10-year note <US10YT=RR> added 2/32 in price, nudging yields to 4.26 percent from 4.27 percent.
Yields dived over 30 basis points last week as poor readings on retail sales and consumer sentiment stirred talk the economy may have hit a soft patch.
The same speculation had sent stocks lower last week, but early Tuesday the New York Stock Exchange <.DJI> and Nasdaq <.IXIC> opened higher.
Two-year Treasury notes <US2YT=RR> dropped 1/32 in price, taking yields to 3.56 percent from 3.54 percent.
Five-year notes <US5YT=RR> were flat at 3.91 percent, while the 30-year bond <US30YT=RR> bounced 12/32, lowering yields to 4.59 percent from 4.61 percent.
Traders noted some investors were selling short-dated debt and buying longer-term paper in a bet the yield curve would continue to flatten. The gap between two- and 10-year yields thus narrowed three basis points to 70 basis points.
There were other hints of economic softness on Tuesday. The Redbook measure of chain store sales showed sales so far in April running 3.8 percent below March, a performance Redbook termed "disappointing".
Also housing starts slumped 17.6 percent in March, while permits fell 4.0 percent. Analysts, though, suspected the drop was just a correction from previous strength and argued against taking the pullback too seriously.
Still to come on Tuesday are speeches by three Fed officials.
Fed Bank of New York President Timothy Geithner speaks on financial integration And its implications for international cooperation" around 1:20 p.m. (1720 GMT).
Fed Bank of St. Louis President William Poole speaks on staying out of the way of entrepreneurs at about 1:30 p.m. (1730 GMT). Finally, Fed Bank of Cleveland President Sandra Pianalto speaks on monetary policy around 7:15 p.m. (2315 GMT). ((Reporting by Wayne Cole; editing by Ted d'Afflisio; Reuters Messaging:
[email protected]; phone 646-223-6278)) ((Multimedia versions of Reuters Top News are now available for: * 3000 Xtra: visit
http://topnews.session.rservices.com * BridgeStation: view story .134 For more information on Top News:
http://topnews.reuters.com))
-------------- MARKET SNAPSHOT AT 9:23 a. m. (1423 GMT) -------------------
June Eurodollar <EDM5> 96.62 (-0.01)
June T-Bond <USM5> 114-00/32 (+04/32)
June 10-year note <TYM5> 111-03/32 (-01/32)
Change vs Current
Nyk yield
Three-month bills<US3MT=RR> 2.86 (+0.01) 2.916
Six-month bills <US6MT=RR> 3.07 (+0.02) 3.156
Two-year note <US2YT=RR> 100-12/32 (-01/32) 3.556
Five-year note <US5YT=RR> 100-14/32 (+02/32) 3.906
10-year note <US10YT=RR> 98-00/32 (+06/32) 4.253
30-year bond <US30YT=RR> 112-00/32 (+16/32) 4.579
:smile: 
:smile: 
