Previous Close | 3.6080 |
Open | 3.6200 |
Volume |
Day's Range | 3.6120 - 3.7000 |
52 Week Range | 2.5250 - 4.3330 |
Avg. Volume | 0 |
The yield on benchmark 10-year Treasury notes was up 8.3 basis points to 3.691%. The trading showed "a market reacting to strong economic data and expecting that as a likely driver of higher Fed rates for longer," said Ron Temple, chief market strategist for Lazard.
The U.S. labor market continues to show incredible resilience, with 339,000 new jobs created last month.
U.S. employment increased more than expected in May, but a moderation in wages could allow the Federal Reserve to skip an interest rate hike this month for the first time since embarking on its aggressive policy tightening campaign more than a year ago. BONDS: The yield on 10-year Treasury note rose and was last up 2.3 basis points from the close at 3.631%; The two-year U.S. Treasury yield was up 6.4 basis points from Thursday at 4.405%. There may be some mitigating factors, but the bottom line is after these numbers it is pretty much guaranteed that the Fed has to raise rates again.
U.S. employment increased more than expected in May, but a moderation in wages could allow the Federal Reserve to skip an interest rate hike this month for the first time since embarking on its aggressive policy tightening campaign more than a year ago. BONDS: The yield on 10-year Treasury note rose and was last up 4.3 basis points from the close at 3.651%; The two-year U.S. Treasury yield was up 10.2 basis points from Thursday at 4.443%.
Japan's 10-year government bond yield touched a one-week low on Friday, tracking U.S. Treasury yield declines overnight, while firm outcome of an auction in the previous session underpinned sentiment. The 10-year JGB yield fell to as low as 0.400% in early trade, its lowest level since May 24, before trading at 0.410% as of 0245 GMT, up 0.5 basis point from the previous session. "Japan's 10-year yield tracked U.S. Treasury yields which fell overnight on expectation that the Federal Reserve will pause hiking interest rates," said Takeshi Ishida, strategist at Resona Holdings.
US stocks closed lower Wednesday as investors kept a watchful eye on the prospects for the debt-limit deal in an expected House floor vote later. Meanwhile, strong US jobs data and China’s economic woes pressured global markets.
Benchmark U.S. 10-year Treasury yields moved lower on Wednesday after data showed lower Euro zone inflation, ahead of a key U.S. congressional debt ceiling vote. The yield on 10-year Treasury notes was down 2.9 basis points to 3.668%. BTIG Managing Director Tom di Galoma said the movement seemed to mirror trading in German and French government debt after data there showed price rises cooled in May.
The yield on 10-year Treasury notes was down 12.8 basis points at 3.692%. Optimism was most immediately reflected in lower yields on Treasury bills due in early June, which had risen sharply on concerns that they will be at risk of not being repaid if the Treasury runs out of cash. The yield on the T-bill maturing June 1 fell below 5% on Tuesday and was last down at 4.813% .
US stocks were mixed amid hopes the hard-won debt-ceiling deal will get through a divided Congress in a matter of days.
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US stocks ended the session lower Wednesday as investors fretted over a potential US debt default.
The benchmark U.S. 10-year Treasury yield edged lower while the one-month yield climbed to a record for a second straight day on Wednesday as the focus remained on any signs of progress in talks to raise the debt ceiling. Negotiators for Democratic President Joe Biden and top congressional Republican Kevin McCarthy were set to resume talks to raise the $31.4 trillion debt ceiling on Wednesday morning as they attempt to dodge a catastrophic default. The yield on one-month bills hit another record high of 5.892%, as concerns about payments coming due when the Treasury is most vulnerable to running out of money keeps investors away.
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The back-and-forth between President Biden and congressional Republicans has left investors on edge in the countdown to the June 1 "X-date", which is when Treasury Secretary Janet Yellen said a default is likely to come.
Stocks closed mixed on Monday as President Joe Biden and House Speaker Republican Kevin McCarthy prepared to meet to resume debt-ceiling negotiations later in the day.
Fed Chair Jay Powell reiterated Friday that rates may not need to rise as high as previously expected as a result of the bank crisis, but left the door open to additional action from the central bank.
Stocks rallied on Wednesday as investors remained hopeful that debt-ceiling talks between President Joe Biden and congressional leaders will produce a breakthrough.
Wall Street is watching for signs of movement in the debt ceiling impasse, with a meeting between President Joe Biden, and House Speaker Kevin McCarthy set for Tuesday afternoon in Washington.
US stocks were mixed on Monday as investors hoped that lawmakers can reach a deal in the debt-ceiling standoff, while assessing fresh economic data and Fedspeak.
Wednesday's CPI report was the main event for investors.
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Inflation data, while mixed, continue to trend lower, sparking bets on a Fed rate-policy reversal later in the year. Stocks on Wednesday were mixed.
Wall Street watched highly anticipated debt ceiling talks and looked ahead to Wednesday's inflation report.
The Labor Department trimmed prior job growth estimates, but said 253,000 new hires were added to the economy last month.
U.S. employers boosted hiring in April while raising wages for workers, pointing to sustained labor market strength that could see the Federal Reserve keeping interest rates higher for some time. Nonfarm payrolls rose by 253,000 jobs, the Labor Department's employment report showed on Friday, while March was revised lower to 165,000 jobs added from 236,000. The unemployment rate fell to 3.4% from 3.5% in March and average hourly earnings gained 0.5% after advancing 0.3% in March.