Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Markets & Finance

Treasuries End Higher

Treasuries, which surged this morning on weaker-than-expected Nonfarm Payroll report, held their gains to finish stronger. Payrolls rose 1,000, and the prior month's gain was revised lower to a gain of just 43,000. Even retail jobs shed 38,000 in December.

Still. traders and analysts digested the payrolls data with a grain of salt. Some feel the weekly initial jobless claims reports, which have been declining steadily for weeks, are a better reflection of the jobs picture. They note the unemployment rate has fallen to 5.7%, from 5.9%. Also, Miller Tabak's Tony Crescenzi argues it would be a mistake for investors to ignore the near 15-year high in the Institute for Supply Management's "employment component."

Any efforts by Asian banks to buy dollars and sell yen will support Treasuries, since that is where the banks will likely park these dollars.

The week ahead offers additional PPI and CPI data. Traders also await next Thursday's jobless claims.

blog comments powered by Disqus