By Susanne Walker and Anchalee Worrachate
Treasury 10-year note yields traded at almost the lowest in more than five weeks as European leaders worked toward a financial rescue for Greece.
Benchmark yields were less than 2 percent for a fifth straight day as European Central Bank Governing Council member Ewald Nowotny said he “can’t be sure” that Greece will be able to carry out the necessary fiscal and economic measures and stay in the 17-nation shared currency. Thirty-year bond yields dropped as the Federal Reserve prepared to buy longer-term debt.
“It’s all about Europe,” said Jason Rogan, director of U.S. government trading at Guggenheim Partners LLC, a New York- based brokerage for institutional investors. “It’s all about the fear of how that could trickle out to other peripherals. People keep looking to buy dips because it looks like Europe is kicking the can down the road as opposed to coming up with a concrete plan.”
Read more: http://www.bloomberg.com/news/2012-01-31/treasuries-snap-four-day-gain-before-u-s-home-prices-confidence-report.html
Treasury 10-year note yields traded at almost the lowest in more than five weeks as European leaders worked toward a financial rescue for Greece.
Benchmark yields were less than 2 percent for a fifth straight day as European Central Bank Governing Council member Ewald Nowotny said he “can’t be sure” that Greece will be able to carry out the necessary fiscal and economic measures and stay in the 17-nation shared currency. Thirty-year bond yields dropped as the Federal Reserve prepared to buy longer-term debt.
“It’s all about Europe,” said Jason Rogan, director of U.S. government trading at Guggenheim Partners LLC, a New York- based brokerage for institutional investors. “It’s all about the fear of how that could trickle out to other peripherals. People keep looking to buy dips because it looks like Europe is kicking the can down the road as opposed to coming up with a concrete plan.”
Read more: http://www.bloomberg.com/news/2012-01-31/treasuries-snap-four-day-gain-before-u-s-home-prices-confidence-report.html
No comments:
Post a Comment