US Treasury Yields Fall Slightly After Disparity Economic Data

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US Treasury Yields Fall Slightly After Disparity Economic Data




FILE PHOTO. The headquarters of the United States Department of the Treasury in Washington DC, USA


© Reuters/BRIAN SNYDER
FILE PHOTO. The headquarters of the United States Department of the Treasury in Washington DC, USA


By Chuck Mikolajczak

Sep 24 (Reuters) – Yields on U.S. Treasury debt fell on Thursday on labor market data that pointed to a likely stagnation in the economic recovery, but rebounded from lows following a stronger-than-expected report on the financial sector. the House.

* Initial claims for state unemployment benefits rose 4,000 to 870,000 in the week to September 19 from the forecast of 840,000. Data for the previous week was revised to show 6,000 more requests than initially reported.

* But a report that showed sales of new single-family homes rose to their highest level in nearly 14 years in August helped stem the decline. The housing market continues to be a favorable point, even as the economic recovery appears to be stagnant.

* The yield on the 10-year bond fell 0.7 basis points to 0.669%. The benchmark return remains within the 6-point range that it has maintained since the Federal Reserve’s most recent monetary policy statement, on September 16.

* On Thursday, Boston Fed Chairman Eric Rosengren said the US economy is far from full employment and the 2% inflation target, and that interest rates will remain low for several years.

* The yield on two-year debt, which normally moves looking at interest rate expectations, was down 0.2 basis points to 0.137%.

* The Treasury closes this week’s auctions later today with a sale of $ 50 billion in 7-year notes.

* The yield curve between the two- and 10-year stocks stood at 53.1 basis points, rebounding from a two-week low of 51.2 to which it fell on Monday.

(Reporting by Chuck Mikolajczak. Edited in Spanish by Janisse Huambachano)

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