• Most Popular
  • Most Shared

TREASURIES-Treasuries edge down on regional stocks

Thu May 14, 2009 11:38pm EDT

TOKYO, May 15 (Reuters) - U.S. Treasuries inched down in Asia on Friday as a rally in regional stocks prompted some investors to take profits after gains the previous day following gloomy jobs data from the United States.

Bonds  |  Japan

* Tokyo's Nikkei average .N225 rose 1.7 percent and MSCI's broad measure of Asian stocks outside Japan gained more than 2 percent .MIAPJ0000PUS.

* Treasuries climbed on Thursday after a surge in the number of U.S. workers filing new claims for jobless benefits. [ID:nN14464671]

* "Recent optimism about the U.S. economy was led by stock markets. But retail sales data and jobless claims indicated it will not be easy for the economy to recover," said Yoshio Takahashi, a director at Barclays Capital Japan.

* Surprisingly weak retail sales data on Wednesday boosted bids for safe-haven government debt. [ID:nN13384420]

* Benchmark 10-year notes edged down 3/32 in price to yield 3.108 percent US10YT=RR, up 1 basis point from late U.S. trade on Thursday. Two-year notes were steady to yield 0.864 percent US2YT=RR.

* Investors are waiting for a batch of U.S. economic indicators on Friday, including the consumer price index, industrial production for April and the University of Michigan preliminary consumer sentiment survey for May. Weaker-than-expected figures would support demand for Treasuries, traders said. (Editing by Joseph Radford)

Bonds
Japan


More from Reuters

A Greenpeace activist dressed as one of the "Four Horsemen of the Apocalypse" rides outside the parliament building during a brief protest in Copenhagen December 13, 2009. REUTERS/Christian Charisius

The face of climate protest

Protesters around the globe called for an end to global warming as climate talks in Copenhagen entered their sixth day.  Video 

    Climate conference
    In this photo reviewed by the U.S. Military, a guard leans on a fencepost as a Guantanamo detainee (L) jogs inside the exercise yard at Camp 5 detention center, at the U.S. Naval Base in Guantanamo Bay, January 21, 2009. REUTERS/Brennan Linsley/Pool

    Life after Guantanamo

    Critics are worried that Gitmo prisoners once dubbed "enemy combatants" will be using prisons as pulpits for anti-American rhetoric once they're moved to U.S. soil.  Full Article 

    U.S.
    Lockheed Martin Chief Executive Robert Stevens answers a question during the Reuters Aerospace and Defense Summit in Washington December 14, 2009. REUTERS/Molly Riley

    Lockheed eyes deals

    The future demands of cybersecurity make that sector one of many the aerospace giant sees as an acquisition target in the coming year.  Full Article 

    Aerospace and Defense Summit