U.S. Treasury prices jumped on Wednesday, rising sharply for a second day on disappointing U.S. economic data that aggravated widening worries about a global slowdown. Prices of 30-year Treasurys rose more than 4 points and were yielding 2.74 percent, a level last seen during May 2013.
Yields on benchmark 10-year Treasury notes – used to calculate mortgage rates and other consumer loans – fell to 1.8 percent on Wednesday morning before bouncing back to 2 percent later on—down from Tuesday’s close of 2.206 percent.
“There was a trifecta of weak data this morning: several disappointments in sales, manufacturing and prices,” said Kim Rupert, managing director of Action Economics in San Francisco. “That’s just adding to the fear of a global slowdown. And then the price action is being exacerbated by the Ebola fears.”
CNBC
0 коментарі:
Post a Comment