• Most Popular
  • Most Shared

TREASURIES-Steady to firmer in Asia

Thu Nov 12, 2009 11:25pm EST

TOKYO, Nov 13 (Reuters) - U.S. Treasuries were steady to firmer in Asia on Friday, holding gains made the previous day with falls in some regional stock markets providing mild support to safe-haven debt.

Bonds

* T-note futures edged up 2/32 to 118-31.5/32 TYv1 but activity remained subdued. The benchmark 10-year notes rose 2/32 in price to yield 3.438 percent US10YT=RR, down a basis point from late U.S. trade on Thursday.

* The 30-year bonds rose 13/32 in price to yield 4.386 percent US30YT=RR while the two-year notes were little changed in price to yield 0.819 percent US2YT=RR.

* With a record $81 billion in note auctions this week behind it, the market will refocus on economic data.

* Market players will watch closely to Friday's Reuters/University of Michigan preliminary November consumer sentiment report due at 1455 GMT. The data is expected to provide a sense of the consumer mood before the holiday shopping season.

* A weaker than expected reading could dampen hopes for business activity at the end of the year and lift bond prices, analysts said.

* But yields of shorter maturities may have fallen far enough for now as two-year yields neared the 0.8 percent mark, other analysts said. Yields of shorter notes have fallen steadily for a week on expectations that the Federal Reserve will stick to its near-zero rate policy.

* On Friday, the government will release data on the U.S. trade gap and import/export prices, though those figures are expected to have little impact on bond prices. (Reporting by Satomi Noguchi; Editing by Michael Watson)



More from Reuters

An image of U.S. President Barack Obama is seen in an exhibition at the Nobel Peace Centre in Oslo December 9, 2009. Two leading international human rights groups gave Obama mixed reviews on his human rights record on Wednesday, a day before he is slated to accept the 2009 Nobel Peace Prize in Oslo. Human Rights Watch and Amnesty International urged Obama to use his acceptance speech on Thursday to renew U.S. leadership on human rights after its position was undermined by abuses committed during the Bush administration's war on terrorism. REUTERS/Chris Helgren

Copenhagen: What of Obama?

President Barack Obama’s decision to attend the climate talks in Copenhagen is said to show the White House is serious about pursuing a deal to curb global warming. What should Obama commit to on climate change? Share your views.  Full Article | Related Story 

    A crown in a file photo. REUTERS/File
    Special Report:

    No longer king of the hill

    When times were good, hedge fund managers could do what they wanted and people still lined up for a piece of the action. What will the post-crash, post-Madoff, post-Galleon hedge fund universe look like?  Full Article