Fleursdumal
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giuro che non posto più le entrate, mentre scrivevo facezie di là mi è stato preso il trail sul secondo, scalo in dietro di 5 punti il minilong storico 
Bund, Tbond of the Hot Hand fine del Capitalismo(vm98)
- Creatore Discussione dan24
- Data di Inizio
Fleursdumal
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f4f ha scritto:è pikkè sfottevi il sottoscritto
immemore della maledizzzione
Fleursdumal
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il triangolo nooooo
Fleursdumal
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Treasuries Little Changed Before Report on Existing-Home Sales
By Annie Pinkert and Kabir Chibber
Jan. 25 (Bloomberg) -- Treasuries were little changed, with yields near the highest since October, before a private report expected to show sales of existing homes stabilized last month.
The National Association of Realtors will probably report today a slip in sales of previously owned homes in December after gains the two previous months. A December jump in housing starts reported last week suggests the worst of the industry's slump is over and housing will gradually weigh less on growth.
``The data is proving to be a lot stronger than people were expecting,'' said Roger Bridges, who manages $6 billion of debt at Tyndall Investment Management in Sydney. ``The risk is that the Fed won't ease. Yields look expensive.''
The yield on the 10-year note was unchanged at 4.81 percent, the highest since Oct. 24, at 8:31 a.m. in New York, according to New York-based broker Cantor Fitzgerald LP. The price of the 4 5/8 percent security maturing in November 2016 was unchanged at 98 18/32.
The National Association of Realtors may report today that existing homes sold at a 6.25 million annual rate in December, little changed from 6.28 million the previous month, according to the median estimate of 65 economists in a Bloomberg News survey.
Initial unemployment claims rose to 325,000 in the week ended Jan. 20, the Labor Department said today in Washington. The median forecast of 39 economists surveyed by Bloomberg was for 310,000 initial jobless claims for the week.
A Commerce Department report tomorrow may show new home sales grew at an annual pace of 1.052 million in December, compared with 1.047 million the prior month, according to the median forecast of 67 economists surveyed by Bloomberg.
Fed Outlook
Interest-rate futures contracts show traders see no chance the Federal Reserve will lower its benchmark overnight lending rate from 5.25 percent at its January and March meetings. Based on July contracts, they see a 6 percent chance of a cut at the June 28 meeting, compared with 56 percent at the start of 2007.
The Fed, which meets Jan. 31, will keep its key rate steady, according to all 93 economists in a Bloomberg survey. Borrowing costs have held steady since August after 17 straight increases that started in June 2004.
The government at 1 p.m. today is auctioning $13 billion of five-year debt after selling $20 billion of two-year notes at a yield of 4.93 percent yesterday, the highest since an auction in July. The primary dealers required to bid at the sale bought 72.5 percent of the issue, the highest since August.
Five-year notes yielded 4.81 percent in pre-auction trading, near the existing benchmark. The previous sale on Dec. 28 for the same amount drew a yield of 4.704 percent.
`A Risk Factor'
``The auction is a risk factor for today's trading,'' said Piet Lammens, head of research in Brussels at KBC Bank NV. ``Data has been better than expected, and we've seen a substantial rise in yields.''
Treasuries may be supported by speculation yields near the highest in more than three months will tempt some investors to buy the debt.
``Yields at these levels are attractive,'' said Satoshi Okumoto, who helps manage $5 billion of non-Japanese bonds at Fukoku Mutual Life Insurance Co. in Tokyo.
Ten-year notes will yield between 4.6 percent and 5 percent in the next two months, he said.
Unlike housing starts, existing- and new-home sales may not receive the same boost from warm weather and risk disappointing the market, said Jan Lambregts, head of research at Rabobank International in Hong Kong.
``Yields at October highs look vulnerable to a pullback if the expectations of a bottoming out in the housing market prove premature,'' he said in a note to clients today.
By Annie Pinkert and Kabir Chibber
Jan. 25 (Bloomberg) -- Treasuries were little changed, with yields near the highest since October, before a private report expected to show sales of existing homes stabilized last month.
The National Association of Realtors will probably report today a slip in sales of previously owned homes in December after gains the two previous months. A December jump in housing starts reported last week suggests the worst of the industry's slump is over and housing will gradually weigh less on growth.
``The data is proving to be a lot stronger than people were expecting,'' said Roger Bridges, who manages $6 billion of debt at Tyndall Investment Management in Sydney. ``The risk is that the Fed won't ease. Yields look expensive.''
The yield on the 10-year note was unchanged at 4.81 percent, the highest since Oct. 24, at 8:31 a.m. in New York, according to New York-based broker Cantor Fitzgerald LP. The price of the 4 5/8 percent security maturing in November 2016 was unchanged at 98 18/32.
The National Association of Realtors may report today that existing homes sold at a 6.25 million annual rate in December, little changed from 6.28 million the previous month, according to the median estimate of 65 economists in a Bloomberg News survey.
Initial unemployment claims rose to 325,000 in the week ended Jan. 20, the Labor Department said today in Washington. The median forecast of 39 economists surveyed by Bloomberg was for 310,000 initial jobless claims for the week.
A Commerce Department report tomorrow may show new home sales grew at an annual pace of 1.052 million in December, compared with 1.047 million the prior month, according to the median forecast of 67 economists surveyed by Bloomberg.
Fed Outlook
Interest-rate futures contracts show traders see no chance the Federal Reserve will lower its benchmark overnight lending rate from 5.25 percent at its January and March meetings. Based on July contracts, they see a 6 percent chance of a cut at the June 28 meeting, compared with 56 percent at the start of 2007.
The Fed, which meets Jan. 31, will keep its key rate steady, according to all 93 economists in a Bloomberg survey. Borrowing costs have held steady since August after 17 straight increases that started in June 2004.
The government at 1 p.m. today is auctioning $13 billion of five-year debt after selling $20 billion of two-year notes at a yield of 4.93 percent yesterday, the highest since an auction in July. The primary dealers required to bid at the sale bought 72.5 percent of the issue, the highest since August.
Five-year notes yielded 4.81 percent in pre-auction trading, near the existing benchmark. The previous sale on Dec. 28 for the same amount drew a yield of 4.704 percent.
`A Risk Factor'
``The auction is a risk factor for today's trading,'' said Piet Lammens, head of research in Brussels at KBC Bank NV. ``Data has been better than expected, and we've seen a substantial rise in yields.''
Treasuries may be supported by speculation yields near the highest in more than three months will tempt some investors to buy the debt.
``Yields at these levels are attractive,'' said Satoshi Okumoto, who helps manage $5 billion of non-Japanese bonds at Fukoku Mutual Life Insurance Co. in Tokyo.
Ten-year notes will yield between 4.6 percent and 5 percent in the next two months, he said.
Unlike housing starts, existing- and new-home sales may not receive the same boost from warm weather and risk disappointing the market, said Jan Lambregts, head of research at Rabobank International in Hong Kong.
``Yields at October highs look vulnerable to a pullback if the expectations of a bottoming out in the housing market prove premature,'' he said in a note to clients today.
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