And Treasury note and bond yields are much more controlled by global forces and higher as well than in Japan.
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One very early clue that the stock market bulls are running out of steam is price action in the U.S. Treasury bond and note futures Wednesday.
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One very early clue that the stock market bulls are running out of steam is price action in the U.S. Treasury bond and note futures Wednesday morning.
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U.S. stock indexes slumped, U.S. Treasury bond and note futures prices soared and the U.S. dollar index vacillated but did back down in the wake of the jobs data.
Meanwhile, demand rose for the safe haven 10-year U.S. Treasury bond, pushing yields on the note down to 1.723%.
The spread on the 30 year U.S. Treausry Bond and the 2 year Treasury Note yields were moving closer together, currently at 238 basis points.
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In contrast, the benchmark 10-year Treasury note yields 1.63% and the 30-year bond yields 2.75%.
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In government bond trading, the yield on the 10-year Treasury note fell to 1.70 percent from 1.71 percent late Friday as traders shifted money into lower-risk assets.
If actual growth proves to be better than forecast, then bond yields should rise and prices for the 10-year Treasury note should fall.
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Bond prices pared earlier gains as the yield on the benchmark 10-year Treasury note was at 3.87%, the same as late Monday.
The biggest star was the 30-year Treasury bond, which registered a 35% return, while the benchmark 10-year note gained 17%, with the yield finishing below 2% for the first time since at least 1977.
Benefiting from both aspects, government bond prices rose, with the yield on the benchmark 10-year U.S. Treasury note sliding to 3.72%, from 3.82% late Thursday.
The yield on the benchmark 10-year U.S. Treasury note rose to 2.67%, from 2.65% Friday, while the 30-year bond yield rose to 3.38%, from 3.32%.
The yield on the benchmark 10-year U.S. Treasury note fell to 2.52%, from 2.53% Monday, and the 30-year bond yield dropped to 2.93%, from 2.98%.
Stocks were up, while the yield on the benchmark 10-year U.S. Treasury note rose to 2.92%, from 2.84% Monday, signaling a continued drop in bond prices.
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