The Treasury will be auctioning $35 billion of 2-year notes this afternoon. Also, the 2 day FOMC meeting as well as tonight’s State of the Union Address may have an impact on the market.
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Tag Archives: Treasury Auction
Mortgage-Backed Securities are Up, Treasuries are Down – Market Update
Mortgage-backed securities are up slightly, treasury prices are down, and all three stock indexes saw gains yesterday. Get ready for your market update, people!
July Retail Sales Numbers Fall in Line With Market Expectations – Market Update
The roller coaster ride continued as the Dow rebounded from a large loss for the second time this week, increasing 423 points. Yesterday’s 30-year treasury auction drew the lowest level of demand since 2009. The July Retail Sales numbers were released this morning, falling right in line with market expectations.
Treasuries and Mortgage Bonds Lower While U.S. Lawmakers Work on Debt Limit – Market Update
Treasuries and mortgage bonds are lower this morning after rallying yesterday afternoon on a strong 10 year treasury auction. U.S. lawmakers are under pressure to come to an agreement on the 414.3 trillion debt limit after Moody’s place the nation’s credit rating under review for a downgrade.
U.S. Economy Grew Slower Than Expected Last Quarter – Market Update
Yesterday’s 5-year auction drew very strong demand which helps boost mortgage bonds, however, strength in equities offset this as the market shifted away from risk aversion. Today, Treasuries and mortgage bonds are slightly higher from yesterday’s close after a report showed that the U.S. economy grew slower last quarter than initially estimated.
Treasury Will Sell $24B in 10-Year Notes Today – Market Update
Treasuries and mortgage bonds fell yesterday afternoon as news of an extended Greek aid package temporarily eased concerns about the euro-zone debt crisis. Today, the Treasury will sell $24 billion in 10-year notes.
Treasuries Advance as US Claims for Unemployment Benefits Rise – Market Update
Treasuries are advancing following the US jobless claims report which showed that claims for unemployment benefits rose more than forecasted. Later this afternoon, the Treasury [...]
Mortgage Applications Rose 13% Week-Over-Week – Market Update
Treasuries rallied yesterday as investors moved into a more safe security on riot news out of Libya. This morning, treasuries are down slightly from yesterday’s close ahead of the $35 billion 5-year note auction later today. In economic news, the MBA Mortgage Applications report showed an increase in applications of over 13 percent week-over-week.
Treasury Will Auction $72 Billion In Next Three Days – Market Update
Treasury prices slipped for a sixth straight day as preparation begins for the Treasury auction of $72 billion in U.S. government debt, which starts tomorrow, and continues over the next three days.
Jobless Claims Fall to Lowest Level Since July 2008 – Market Update
Yesterday’s 7-year Treasury auction went better than expected. Today’s U.S. jobless claims fell to the lowest level since July 2008. Today, the November pending home sales report is expected to show another increase of .8% month over month, following October’s sharp increase of over 10%.
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