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 Fall on Labor-Cost Data

From Standard & Poor's Equity Research

MARKETSCOPE: Treasuries, which skidded Tuesday after the OECD said the Fed might have to lift rates again soon, fell again Wednesday as second-quarter unit labor costs were revised higher to 4.9% from the original 4.2% rate, and more than forecasts. The U.S. second-quarter nonfarm productivity was revised higher to a 1.6%

growth rate from the initially reported 1.1%, just above the 1.5% expected.

S&P Economist Beth Ann Bovino said the upward

revisions to productivity was in line with expectations, but the rise in labor costs put upward pressure on bond yields.

The 10-year Treasury notes fell 04/32 to 100-20/32 for a yield of 4.801%, the 2-year note fell 01/32 to 100-04/32 for a yield of 4.82%, 30-year bonds fell 09/32 at 93-03/32 for a yield of 4.952%.

blog comments powered by Disqus