Market Update – Negative Yield on TIPS Shows Faith in Fed

Yesterday, treasuries took a dive following the 5 year TIPS (inflation-indexed treasuries) auction and have continued falling ahead of today’s 2 year Treasury note auction. The TIPS auction resulted in a negative yield for the first time in U.S. history. This means that investors are willing to pay the government for the privilege of having the Treasury keep their principal safe.

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Market Update – Dollar Falls Following G20 Talks

The dollar weakened after the Group of 20 nations agreed over the weekend to avoid “competitive devaluation” of their currencies. In other news, Treasuries are higher this morning ahead of the home sales and manufacturing data. Some of the key releases slated for the week include the new and existing home sales reports, consumer confidence and GDP. Also, the Treasury is scheduled to auction another $109 billion this week.

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