Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

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.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Markets & Finance

Treasury Prices Rise


MARKETSCOPE : Treasury bond prices rose on Thursday, after their sell-off Wednesday.

The 10-year note rose 05/32 to 97-18/32 for a yield of 4.56%, while the 30-year bond fell 08/32 to 108-25/32 for a yield of 4.78%.

Stock markets were taking hits, amid concerns about the U.S. economy and a Securities Exchange Commission investigation into the automaker giant General Motors.

News also hit that U.S. new home sales rose 2.1% to a 1.222 million pace in September, partially offsetting the 11.6% plunge in August to 1.197 million. The supply of homes held at a 4.9 month rate and the median price declined to $215,700 from $220,300. While the impact from hurricanes distorted the data, the dip in prices may suggest a slowdown in housing.

Initial jobless claims fell 28,000 to 328,000 in the week ended Oct. 22, from 356,000 the week earlier. The market consensus had been for a drop to 338,000. September durable goods orders fell 2.1% after rising 3.8% in August, which was revised from 3.4%. The market had expected a 1.0% drop.

Investors bet that the Fed will raise interest rates at next Tuesday's meeting. Investors continued watching Fed chairman nominee Ben Bernanke for more information about his inflation fighting credentials.


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus