Are you shocked that Inflation could be coupled with Stagnation? Just have a look at Zimbabwe...
* Pending debt supply again weighs on bonds
* Higher stocks also squash any safety bid for debt
* Bonds briefly pare losses after weekly jobless data (Adds analysts' quotes, byline, updates prices)
By Chris Reese
NEW YORK, Oct 9 (Reuters) - U.S. Treasuries prices fell for a third straight day on Thursday as debt supply issues weighed on the market, while Wall Street opened higher and sapped any safety bid for bonds.
A host of new debt programs intended to free up lending is expected to result in increased issuance of bonds from the Treasury, diluting supply and undermining prices.
"Yesterday we had a sell-off, and much of that was driven by supply -- supply is definitely a factor here," said David Coard, head of fixed income sales and trading at Williams Capital Group in New York.
Benchmark 10-year U.S. Treasury notes were trading 31/32 lower in price for a yield of 3.77 percent from 3.66 percent late on Wednesday, while 2-year Treasury notes _were trading 8/32 lower in price for a yield of 1.70 percent from 1.57 percent late Wednesday.
* Higher stocks also squash any safety bid for debt
* Bonds briefly pare losses after weekly jobless data (Adds analysts' quotes, byline, updates prices)
By Chris Reese
NEW YORK, Oct 9 (Reuters) - U.S. Treasuries prices fell for a third straight day on Thursday as debt supply issues weighed on the market, while Wall Street opened higher and sapped any safety bid for bonds.
A host of new debt programs intended to free up lending is expected to result in increased issuance of bonds from the Treasury, diluting supply and undermining prices.
"Yesterday we had a sell-off, and much of that was driven by supply -- supply is definitely a factor here," said David Coard, head of fixed income sales and trading at Williams Capital Group in New York.
Benchmark 10-year U.S. Treasury notes
No comments:
Post a Comment