TREASURIES-Thirty-year bond prices turn negative
NEW YORK, Sept 7
NEW YORK, Sept 7 (Reuters) - U.S. thirty-year Treasuries bonds prices fell on Friday, erasing earlier gains, as investors grappled with whether weaker than expected jobs data would be enough to spur the Federal Reserve to launch a third round of bond purchases when it meets next week.
Intermediate-dated Treasuries remained higher in price on the day, as some investors bet that the central bank would announce new quantitative easing, likely focused on mortgage-backed debt.
Long-bonds underperformed however, and yield rose, as investors focused on potential inflation from any new program. The bonds were last down 4/32 in price to yield 2.81 percent, up from 2.79 percent late on Thursday. The yields had traded at around 2.86 percent before Friday's data.
- Washington, DC city council raises minimum wage to $11.50/hr in 2016
- India trims perks for U.S. staff in row over New York envoy arrest
- China confirms near miss with U.S. ship in South China Sea
- Mega Millions lottery winning tickets sold in California, Georgia |
- UPDATE 5-Mega Millions lottery winning tickets sold in California, Georgia -Officials