BUND, T-BRONX, T-NOTE ... e compagnia bella (V.M. 78 Anni)
- Creatore Discussione ditropan
- Data di Inizio
Fleursdumal
फूल की बुराई
f4f ha scritto:bono
faccio una prova, grassie caro
Fleursdumal
फूल की बुराई
f4f ha scritto:
todo bien
hasta la vista compagneros
Fleursdumal
फूल की बुराई
nulla si muove , tra 10 m risultati dell'asta di 10yTIPS
US Treasuries meander ahead of TIPS auction
By Ros Krasny
CHICAGO, April 14 (Reuters) - U.S. Treasury debt prices were narrowly mixed on Thursday, digesting gains from earlier this week, but supported by a downward tilt to economic growth forecasts after a recent spate of weak data.
The day's economic reports were relatively uneventful, with weekly jobless claims and business inventories in line with Wall Street forecasts.
Dealers anxiously awaited results of a $9 billion sale of 10-year Treasury inflation protected notes, or TIPS, especially after Wednesday's auction of five-year notes ended somewhat disappointingly.
"If the TIPS auction goes well we would expect a relief rally in long Treasuries, which might help equities to recover some poise and thus allow the yield curve to resume flattening," strategists at BNP Paribas said in a report.
The 10-year note <US10YT=RR> was steady in price for a yield of 4.36 percent, similar to late Wednesday. Resistance is expected to a move below 4.33 percent with 4.39 percent a target to the upside.
Five-year Treasury notes <US5YT=RR> were up 2/32 at a yield of 4.01 percent, unchanged. The 30-year bond <US30YT=RR> was down 10/32 at 4.70 percent, up from 4.68 percent. Two-year notes <US2YT=RR> were at 3.63 percent, down from 3.64 percent.
Recent worries about rising inflation have been pushed aside for now by jitters about the outlook for consumer spending, the growth engine for the U.S. economy.
Several economists this week lowered estimates for first-quarter growth after weak March retail sales and a record February trade deficit.
The Wall Street Journal on Thursday cited worries about a "soft patch" created by high energy prices and rising interest rates that are undermining consumer sentiment.
Some fear that highly-leveraged U.S. consumers will suffer more in a downturn compared with businesses that cleaned up their balance sheets over the past few years.
Deferred Eurodollar futures outperformed Treasuries on Thursday to signal a shift in the outlook for Federal Reserve policy.
The year-end Federal funds rate now projected in Eurodollars is about 3.8 percent, suggesting the Fed could pause its program of rate hikes sooner than expected.
The two-year/10-year Treasury yield curve steepened to 74 basis points from about 72 basis points on Wednesday.
Some technicians see Tuesday's lurch to 67 basis points, the lowest since April 2001, as a possible blow-out low for the spread.
The TIPS results are due at 1 p.m. EDT (1500 GMT). The level of indirect bidding, including that from foreign central banks, was 36.7 percent at the previous auction in January.
A drop below $50 per barrel in crude oil futures could weigh on TIPS demand by suggesting that inflation pressures might have peaked.
US Treasuries meander ahead of TIPS auction
By Ros Krasny
CHICAGO, April 14 (Reuters) - U.S. Treasury debt prices were narrowly mixed on Thursday, digesting gains from earlier this week, but supported by a downward tilt to economic growth forecasts after a recent spate of weak data.
The day's economic reports were relatively uneventful, with weekly jobless claims and business inventories in line with Wall Street forecasts.
Dealers anxiously awaited results of a $9 billion sale of 10-year Treasury inflation protected notes, or TIPS, especially after Wednesday's auction of five-year notes ended somewhat disappointingly.
"If the TIPS auction goes well we would expect a relief rally in long Treasuries, which might help equities to recover some poise and thus allow the yield curve to resume flattening," strategists at BNP Paribas said in a report.
The 10-year note <US10YT=RR> was steady in price for a yield of 4.36 percent, similar to late Wednesday. Resistance is expected to a move below 4.33 percent with 4.39 percent a target to the upside.
Five-year Treasury notes <US5YT=RR> were up 2/32 at a yield of 4.01 percent, unchanged. The 30-year bond <US30YT=RR> was down 10/32 at 4.70 percent, up from 4.68 percent. Two-year notes <US2YT=RR> were at 3.63 percent, down from 3.64 percent.
Recent worries about rising inflation have been pushed aside for now by jitters about the outlook for consumer spending, the growth engine for the U.S. economy.
Several economists this week lowered estimates for first-quarter growth after weak March retail sales and a record February trade deficit.
The Wall Street Journal on Thursday cited worries about a "soft patch" created by high energy prices and rising interest rates that are undermining consumer sentiment.
Some fear that highly-leveraged U.S. consumers will suffer more in a downturn compared with businesses that cleaned up their balance sheets over the past few years.
Deferred Eurodollar futures outperformed Treasuries on Thursday to signal a shift in the outlook for Federal Reserve policy.
The year-end Federal funds rate now projected in Eurodollars is about 3.8 percent, suggesting the Fed could pause its program of rate hikes sooner than expected.
The two-year/10-year Treasury yield curve steepened to 74 basis points from about 72 basis points on Wednesday.
Some technicians see Tuesday's lurch to 67 basis points, the lowest since April 2001, as a possible blow-out low for the spread.
The TIPS results are due at 1 p.m. EDT (1500 GMT). The level of indirect bidding, including that from foreign central banks, was 36.7 percent at the previous auction in January.
A drop below $50 per barrel in crude oil futures could weigh on TIPS demand by suggesting that inflation pressures might have peaked.
gastronomo
Forumer storico
Treasuries mixed, yield curve steepens further
Thu Apr 14, 2005 01:59 PM ET
(Adds auction results, adds comments, updates prices)
By Pedro Nicolaci da Costa
NEW YORK, April 14 (Reuters) - U.S. Treasury debt prices were mixed on Thursday, with traders favoring shorter-dated maturities as the outlook for monetary policy appeared increasingly benign.
An auction of $9 billion of Treasury inflation-protected securities, or TIPS, were sold at a high yield of 1.750 percent. It drew bids for 1.97 times the amount of debt on offer, close to the historical average for this type of debt.
Indirect bidders, including customers of primary dealers and foreign central banks, picked up $3.78 billion, or 42 percent, of the issue, up from 38 percent at the last TIPS sale. Primary dealers themselves got $5.08 billion of the issue.
The current 10-year TIPS (US912828DH0=RR: Quote, Profile, Research) was yielding 1.72 percent. Yields on the 10-year Treasury note (US10YT=RR: Quote, Profile, Research) were flat and yielding 4.37 percent on Wednesday. Resistance is expected to a move below 4.33 percent with 4.39 percent a target to the upside.
The short-end was faring better, with two-year notes (US2YT=RR: Quote, Profile, Research) climbing 2/32 for a yield of 3.62 percent, down from 3.66 percent.
Strides in shorter-term maturities, driven by growing evidence that the Federal Reserve would stick to its "measured" pace of interest rate hikes for now, further steepened the yield curve.
The spread between 10- and two-year notes widened to 74 basis points from 71 on Wednesday and a low of 67 hit earlier this week -- evidence that investors were trying to get out of recent curve-flattening trades.
On the policy front, not only did minutes from the Fed's last meeting suggest as much, but weak retail sales figures also pointed to softness in first quarter growth, presumably allowing the central bank to raise rates slowly.
"We continue to see the economic outlook and Fed rhetoric as consistent with 25 basis points per meeting of tightening through the remainder of the year," said Goldman Sachs analysts in a research note.
Five-year Treasury notes (US5YT=RR: Quote, Profile, Research) were up 2/32 at a yield of 4.01 percent, unchanged. The 30-year bond (US30YT=RR: Quote, Profile, Research) was down 10/32 at 4.70 percent, up from 4.68 percent.
Recent worries about rising inflation have been pushed aside for now, giving way to concerns about the outlook for consumer spending, the growth engine of the U.S. economy.
Several economists this week lowered estimates for first-quarter growth after weak March retail sales and a record February trade deficit.
A report on business inventories published on Thursday suggested companies are still ratcheting up their stocks of goods to meet demand, a positive for GDP growth.
"Inventory building is slightly stronger in January and February than it was in Q4, suggesting that inventory investment is likely to add modestly to Q1 GDP growth," said Steven Wood, chief economist at Insight Economics.
Business inventories rose 0.5 percent in February, in line with what economists had been looking for, from an increase of 0.9 percent in January.
Meanwhile the number of U.S. jobless claims fell to 330,000 in the week ended April 9, in line with economists' expectations, from a revised 340,000 in the week previous.
Thu Apr 14, 2005 01:59 PM ET
(Adds auction results, adds comments, updates prices)
By Pedro Nicolaci da Costa
NEW YORK, April 14 (Reuters) - U.S. Treasury debt prices were mixed on Thursday, with traders favoring shorter-dated maturities as the outlook for monetary policy appeared increasingly benign.
An auction of $9 billion of Treasury inflation-protected securities, or TIPS, were sold at a high yield of 1.750 percent. It drew bids for 1.97 times the amount of debt on offer, close to the historical average for this type of debt.
Indirect bidders, including customers of primary dealers and foreign central banks, picked up $3.78 billion, or 42 percent, of the issue, up from 38 percent at the last TIPS sale. Primary dealers themselves got $5.08 billion of the issue.
The current 10-year TIPS (US912828DH0=RR: Quote, Profile, Research) was yielding 1.72 percent. Yields on the 10-year Treasury note (US10YT=RR: Quote, Profile, Research) were flat and yielding 4.37 percent on Wednesday. Resistance is expected to a move below 4.33 percent with 4.39 percent a target to the upside.
The short-end was faring better, with two-year notes (US2YT=RR: Quote, Profile, Research) climbing 2/32 for a yield of 3.62 percent, down from 3.66 percent.
Strides in shorter-term maturities, driven by growing evidence that the Federal Reserve would stick to its "measured" pace of interest rate hikes for now, further steepened the yield curve.
The spread between 10- and two-year notes widened to 74 basis points from 71 on Wednesday and a low of 67 hit earlier this week -- evidence that investors were trying to get out of recent curve-flattening trades.
On the policy front, not only did minutes from the Fed's last meeting suggest as much, but weak retail sales figures also pointed to softness in first quarter growth, presumably allowing the central bank to raise rates slowly.
"We continue to see the economic outlook and Fed rhetoric as consistent with 25 basis points per meeting of tightening through the remainder of the year," said Goldman Sachs analysts in a research note.
Five-year Treasury notes (US5YT=RR: Quote, Profile, Research) were up 2/32 at a yield of 4.01 percent, unchanged. The 30-year bond (US30YT=RR: Quote, Profile, Research) was down 10/32 at 4.70 percent, up from 4.68 percent.
Recent worries about rising inflation have been pushed aside for now, giving way to concerns about the outlook for consumer spending, the growth engine of the U.S. economy.
Several economists this week lowered estimates for first-quarter growth after weak March retail sales and a record February trade deficit.
A report on business inventories published on Thursday suggested companies are still ratcheting up their stocks of goods to meet demand, a positive for GDP growth.
"Inventory building is slightly stronger in January and February than it was in Q4, suggesting that inventory investment is likely to add modestly to Q1 GDP growth," said Steven Wood, chief economist at Insight Economics.
Business inventories rose 0.5 percent in February, in line with what economists had been looking for, from an increase of 0.9 percent in January.
Meanwhile the number of U.S. jobless claims fell to 330,000 in the week ended April 9, in line with economists' expectations, from a revised 340,000 in the week previous.
gastronomo
Forumer storico
Buongiorno a tutti,
che cavolo è successo al T-note che vedo che è salito come una lippa, stanotte
???
Livelli sul bund per oggi
r3 120.05
r2 119.78
r1 119.66
pivot 119.51
s1 119.39
s2 119.24
s3 118.97
che cavolo è successo al T-note che vedo che è salito come una lippa, stanotte
???Livelli sul bund per oggi
r3 120.05
r2 119.78
r1 119.66
pivot 119.51
s1 119.39
s2 119.24
s3 118.97
gastronomo
Forumer storico
Dato che son troppo giovane (o così mi illudo) per farmi venire l'ulcera, che questo mercato è, a quanto pare, intenzionato a volermi regalare -oltre alle ataviche loss - ho deciso che uscirò a fare la spesa al mercato, continuerò poi cincischiando in giro con cornetto e cappuccio, lettura culturale (la Gazza) e ci si sente più tardi
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