April 22 (Bloomberg) - treasuries rose for a second week as investors speculated that the efforts to reduce the federal budget deficit can wet the economic growth and were waiting for a policy statement the week next Federal Reserve.
Score of 10-year yields fell to the lowest level in a month even that Standard & Poor to put the Government of the United States on the notice that it risks losing its AAA credit rating then. Gains were tempered by advances in stocks. The United States sold 99 billion in notes next week, and the Federal open market Committee opened its meeting for two days on April 26."You are looking for an economy which is just off the coast of low levels", said David Coard, head of the trade in New York at Williams Capital Group, a broker for fixed income institutional investors. "The market is for orientation of the FOMC. We are looking for clues as to when the Fed could eventually begin to change course for monetary policy. "Two-year note yield fell three basis points or percentage 0.03 to 0.66%, point to New York 0.69% April 15, according to price Bloomberg Bond Trader. The security of 0.75%, due in March 2013 rose 7/32, or $2.19 per the nominal value of $1,000 yields note 6 / 32 .ten-year 100 fell to a point of basic-3.40%, from $ 3.41% on April 15. treasuries were headed for their first monthly gain since January, return, according to the index of Bank of America Merrill Lynch's Council of treasure Master of 0.54%.WeekVolume shortcut declined in a shortened week. Treasury bills trade closed 2 hours yesterday in New York and rest today closed for holidays Friday under a recommendation of the securities industry and financial markets Association. 980 Billion dollars in debt U.S. changed hands this week, compared to $ 1.5 billion in the five days ending April 15, according to Icap Plc, broker dealers more of the world.Fed policy makers will leave the target rate for the loan of the overnight between banks unchanged the week next to zero to 0.25%, where it has been since December 2008, according to all the 80 economists in a survey of Bloomberg. Officials, last met on March 15, may discuss what path of the Central Bank will have in its program for the purchase of 600 billion in Treasury bills ends in June. "The last time the Fed met it was just after the disaster of the Japan, so it might have been a sense that the Fed held back to see how the markets and economies have responded to those who care about the circumstances"stated Jim Vogel, responsible for the research agency of the debt to TFN in Memphis (Tennessee), referring to the earthquake record of the Japan on March 11." "The Fed may be more freely discuss their general economic prospects." Which will be adjusted to the FOMC people. "Economic DataTreasuries won yesterday as economic general index of the Fed dropped Philadelphia to 18.5 in April, the lowest level since November, so that initial applications for unemployment benefits fell to 403 000 in the week ending April 16showed data of the Ministry of labour. Bloomberg surveys predicting a reading of the index of 36.9 and a decrease in unemployed-application to 390, 000.U.S. product domestic crude has slowed to an annual growth of 1.8 per cent of the pace in the first quarter, median forecast of 32 economists in a Bloomberg News survey ofcompared to 3.1% in the fourth quarter and 2.6% in the third. The Commerce Department reported that data on earnings for April 28. of the Treasury were limited this week that stocks have increased the estimates of income reports best companies. The S & P 500 Index gained 1.3%, while the MSCI World Index rose by 1.6%, the largest weekly gain in a month.The dollar had lost against all 16 of his counterparts traded to the largest part, partly on speculation that the Fed will be behind other central banks to increase interest rates. The European Central Bank raised its key rate April 7 to 1.25% to a record low 1%. Ministry of Finance of the Council of Treasury AuctionsThe said that it will sell 35 billion dollars in the two-year notes, $ 35 billion over five years the debt and $ 29 billion in seven years on securities auction on three consecutive days as of April 26. The sizes in the trio of offerings have been unchanged since October and corresponded to the average of forecasts in a survey of Bloomberg's new primary dealers of the Fed.La auction for five years on April 27 has been postponed to 11: 30 am. New York Times, until the Fed released its statement at 12: 30, followed by a public briefing by s. Ben Bernanke, Chairman at 2 p.m. under a new system. Offers are usually due by 1 a.m. .the U.S. p sold a record yesterday five-year Treasury Inflation protected securities $ 14 billion, a negative return for a second straight offer of drawing. Performance is negative 0.180%, compared to the forecast of negative 0.1825 per cent in a survey of primary dealers 6. "Pay a premium '"People pay a premium to own protection against inflation,"said James Golden, head of government trade in New York to Jefferies Group Inc., which as one of the 20 primary dealers is obliged to bid at the auction of U.S. debt.A measure of bond market of inflation expectations that the Fed uses to help determine monetary policy was 3.06 points percentage, compared to the percentage points of 2.82 on March 23. It reached a record of 10 months of 3.28 percentage points in December. Rate of return before five years, five years of the projects that the pace of consumer price increases may be beginning in 2016. He was an average 2.78 percentage points over the past five years.The actual performance of the 10-year benchmark, performance note less index year core, was 2.27% yesterday, compared to a median of 10 years of 2.14%.Can aggravate the bonds also suggested this week on speculation European sovereign debt crisis. Budgetary problems of the Greece pushed yields on the notes of two years of the nation up to Records. Performance yesterday has climbed to 23.3%, highest since before the euro was introduced in 1999.-Editors: Greg Storey, Paul Cox
To contact the reporters on this story: Susanne Walker in New York at swalker33@bloomberg.net.
To contact the editor responsible for this story: Robert Burgess to bburgess@bloomberg.net
没有评论:
发表评论