Treasurys stay down after industrial production

Discussion in 'Economy' started by Neubarth, Nov 17, 2009.

  1. Neubarth
    Offline

    Neubarth At the Ballpark July 30th

    Joined:
    Nov 8, 2008
    Messages:
    3,751
    Thanks Received:
    199
    Trophy Points:
    48
    Location:
    South Pacific
    Ratings:
    +199
    Treasurys stay down after industrial production

    NEW YORK (MarketWatch) -- Treasury prices remained lower on Tuesday, pushing yields up, after a report showed the output of the nation's factories, mines and utilities rose 0.1% in October, less than expected by economists surveyed by MarketWatch. Capacity utilization -- a gauge of slack in the economy -- rose to 70.7% last month from 70.5% in September. Yields on 10-year notes /quotes/comstock/31*!ust10y (UST10Y 3.33, -0.09, -2.60%) increased 2 basis points to 3.36%. U.S. debt also took little direction from a Treasury Department report showing net foreign purchases of long-term U.S. securities increased to $40.7 billion in September from $34.2 billion in August. Two-year Treasury yields /quotes/comstock/31*!ust2yr (UST2YR 0.77, -0.04, -4.37%) rose from a 10-month low, with prices giving back some of the strong gains made after a speech from Federal Reserve Chairman Ben Bernanke on Monday.
     
  2. Neubarth
    Offline

    Neubarth At the Ballpark July 30th

    Joined:
    Nov 8, 2008
    Messages:
    3,751
    Thanks Received:
    199
    Trophy Points:
    48
    Location:
    South Pacific
    Ratings:
    +199
    Like a fish out of water flip flopping on the deck. That is what our economy is like.
     

Share This Page