U.S. Treasury yields fell Wednesday as fears of an emerging-market rout rippling into developed markets kept global investors cautious. The yield on the benchmark 10-year U.S. Treasury note was recently at 2.862%, according to Tradeweb, compared with 2.893% Tuesday. Yields, which fall as bond prices rise, slipped overnight as major stock... … [Read more...] about U.S. Treasurys Strengthen as Investors Weigh Emerging-Market Risk
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U.S. Treasury Yields Inch Higher After Data on Jobs, Growth
U.S. government bond prices edged lower Thursday after weaker-than-expected data on unemployment and economic growth. The yield on the benchmark 10-year U.S. Treasury note was recently at 2.835%, according to Tradeweb, compared with 2.827% Tuesday. Yields rise as bond prices fall. The number of Americans filing new claims for unemployment... … [Read more...] about U.S. Treasury Yields Inch Higher After Data on Jobs, Growth
U.S. Treasury Yields Steady After Volatile Session
U.S. government bonds were little changed Tuesday as financial markets stabilized following a volatile session Monday. The yield on the benchmark 10-year U.S. Treasury note settled at 2.882% compared with 2.875% Monday. Yields rise as bond prices fall. Trading was muted after conflicting messages from within the Trump administration over... … [Read more...] about U.S. Treasury Yields Steady After Volatile Session
U.S. Treasurys Strengthen as Trade Tensions Rise
U.S. government bonds strengthened Monday as fears of mounting trade tensions sent investors into the safety of sovereign debt. The yield on the benchmark 10-year U.S. Treasury note was recently at 2.873%, according to Tradeweb, compared with 2.902% Friday. Yields, which fall as bond prices rise, declined with global stocks as reports suggested... … [Read more...] about U.S. Treasurys Strengthen as Trade Tensions Rise
U.S. Treasury Prices Follow European Debt Lower
U.S. government bonds weakened Wednesday as a fresh wave of selling hit European debt. The yield on the benchmark 10-year U.S. Treasury note was recently at 2.952%, according to Tradeweb, compared with 2.917% Tuesday. Yields, which rise as bond prices fall, drifted higher overnight as the European bond market came under pressure after comments... … [Read more...] about U.S. Treasury Prices Follow European Debt Lower
U.S. Treasury yield curve flattening to intensify with U.S. pension plan bond-buying
Updated at 1:44 p.m. Wednesday, April 25NEW YORK • Corporate pensions are shifting a chunk of their $1.55 trillion in assets into fixed income, which may be sizeable enough to flatten the yield curve further.The funding gap, between what corporations owe in pension plan obligations and their assets, narrowed by $72.4 billion last year as the U.S. stock market rallied and companies from Boeing Co. to Verizon Communications Inc. made multi-billion dollar contributions, according to a new study by Seattle-based consultants, Milliman Inc.But as funding improves, pensions reduce their portfolio risk, reallocating assets from equities into long-duration debt, driving up demand for corporate bonds and 10- and 30-year U.S. Treasuries.The likely sizeable shift in $1.55 trillion of pension fund assets may raise bond prices enough to tamp down the long end of the yield curve, reducing the difference between long and short term debt yields.The move may have already begun. Demand from pension … [Read more...] about U.S. Treasury yield curve flattening to intensify with U.S. pension plan bond-buying
U.S. home resales fall in January
WASHINGTON -- U.S. sales of existing homes fell in January from a year earlier by the most in more than three years. Would-be buyers were stymied by rising prices and a shortage of homes for sale. The National Association of Realtors said Wednesday that sales dropped 3.2 percent from December to January, the second-straight monthly decline, to a seasonally adjusted annual rate of 5.38 million. That was the slowest sales pace since September. Compared with 12 months earlier, sales dropped 4.8 percent -- the steepest year-over-year decline since August 2014. A lack of available homes is holding back sales, even as Realtors report that more people are visiting open houses and demand is strong. The total supply of homes for sale dipped to 1.52 million, the fewest for any January since records began in 1999. The low inventory levels are a legacy of a decade of boom and bust in U.S. housing. Many investors bought homes at low prices during the housing bust and are now renting them out rather … [Read more...] about U.S. home resales fall in January
Sales of U.S. homes fall year over year by most in 3½ years
U.S. sales of existing homes fell in January from a year earlier by the most in more than three years. Would-be buyers were stymied by rising prices and a shortage of homes for sale. The National Association of Realtors said Wednesday that sales dropped 3.2 percent from December to January, the second straight monthly decline, to a seasonally adjusted annual rate of 5.38 million. That was the slowest sales pace since September. Compared with 12 months earlier, sales dropped 4.8 percent — the steepest year-over-year decline since August 2014. A lack of available homes is holding back sales, even as Realtors report that more people are visiting open houses and demand is strong. The total supply of homes for sale dipped to 1.52 million, the fewest for any January since records began in 1999. The low inventory levels are a legacy of a decade of boom and bust in U.S. housing. Many investors bought homes at low prices during the housing bust and are now renting them out rather than … [Read more...] about Sales of U.S. homes fall year over year by most in 3½ years
U.S. mortgage rates climb to a nearly 4-year peak
WASHINGTON — Long-term U.S. mortgage rates jumped this week to their highest level in nearly four years, a sign that the prospect of higher inflation is steadily increasing the cost of borrowing to buy a home.Mortgage buyer Freddie Mac says the average rate on 30-year, fixed-rate mortgages rose to 4.38% this week, up from 4.32% last week and the highest since April 2014.The rate on 15-year, fixed-rate loans rose to 3.84% from 3.77% last week.Recent wage gains and rising prices are stoking concerns about inflation picking up, which has caused investors to seek higher interest rates. Mortgage rates are closely aligned with the yield on 10-year U.S. Treasury notes, which has climbed above 2.90% from 2.78% just two weeks ago.The low mortgage rates had eased some of the price pressures facing would-be homebuyers. The shrinking inventory of sales listings has caused prices to increase at roughly double the gains in average hourly earnings, making it harder to save for a down payment … [Read more...] about U.S. mortgage rates climb to a nearly 4-year peak
U.S. mortgage rates climb to nearly 4-year peak
A home is for sale in Walpole, Mass. on Jan. 8, 2018. Photo Credit: AP / Steven Senne By The Associated Press February 15, 2018 10:04 AM WASHINGTON - Long-term U.S. mortgage rates jumped this week to their highest level in nearly four years, a sign that the prospect of higher inflation is steadily increasing the cost of borrowing to buy a home. Mortgage buyer Freddie Mac says the average rate on 30-year, fixed-rate mortgages rose to 4.38 percent this week, up from 4.32 percent last week and the highest since April 2014. The rate on 15-year, fixed-rate loans rose to 3.84 percent from 3.77 percent last week. Recent wage gains and rising prices are stoking concerns about inflation picking up, which has caused investors to seek higher interest rates. Mortgage rates are closely aligned with the yield on 10-year U.S. Treasury notes, which has climbed above 2.90 percent from 2.78 percent just two weeks ago. More on this topic Long Island homes for under $250,000A homebuyer … [Read more...] about U.S. mortgage rates climb to nearly 4-year peak