Monday, June 21, 2021
22.8 C
Abuja
Monday, June 21, 2021

Treasury yields fall slightly after worse

Must read

I’ll be there for you: 4 ways your personal finances are made better by your friends

The young girl sounded both excited and nervous. She was soon joining a prestigious management school. Among the many questions she had, one was...

The precarious fate of African footballers in Europe after their game ends

Think of your favourite former male football player from Europe. You probably remember beautiful goals, unbelievable saves, fighting spirit. What...

“African woman gives birth to 10 babies”: Guateng ‘Gosiame Thamara Sithole decuplets’

9 June 2021Wia dis foto come from, AFRICAN NEWS AGENCY South African woman, Gosiame Thamara Sithole wey give birth to 10 babies go break...

Treasury yields dipped on Friday as traders digested more disappointing economic data.

The yield on the benchmark 10-year Treasury note fell about 1 basis point to trade at 0.654%. The yield on the 30-year Treasury bond also fell slightly to 1.394%. Yields move inversely to prices.

The declines came after the Commerce Department said Friday that U.S. durable goods orders increased just 0.4% in August, versus a Dow Jones estimate of a 1.8% rise and a 11.7% jump in July.

However, orders for non-defense capital goods excluding aircraft, or core capital goods, rose 1.8% last month, which is better than expected.

“I continue to believe the bounce in manufacturing is due to the need to rebuild inventories after the economy was about fully shut down for two months,” Peter Boockvar, chief investment officer at Bleakley Advisory Group, said in a note.

Treasury yields had come under pressure on the back of weak jobless claims on Thursday. First-time claims for state unemployment benefits totaled 870,000 for the week ending Sept. 19, higher than a Dow Jones estimate of 850,000.

In the meantime, Democrat lawmakers are reportedly working on a small stimulus package as the U.S. economy keeps grappling with the implications of the coronavirus pandemic.

New York Fed President John Williams will speak at 9 a.m. ET and at 3:10 p. m. ET.

— CNBC’s Silvia Amaro contributed reporting.

- Advertisement -

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

Latest article

I’ll be there for you: 4 ways your personal finances are made better by your friends

The young girl sounded both excited and nervous. She was soon joining a prestigious management school. Among the many questions she had, one was...

The precarious fate of African footballers in Europe after their game ends

Think of your favourite former male football player from Europe. You probably remember beautiful goals, unbelievable saves, fighting spirit. What...

“African woman gives birth to 10 babies”: Guateng ‘Gosiame Thamara Sithole decuplets’

9 June 2021Wia dis foto come from, AFRICAN NEWS AGENCY South African woman, Gosiame Thamara Sithole wey give birth to 10 babies go break...