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

Treasuries Flat after New Home Sales Report


From Standard & Poor's Equity ResearchAction Economics: Treasuries showed a muted reaction to a plunge in new home sales in August. The 10-year yield edged slightly lower below 4.62%, but without much bullish conviction.

U.S. new home sales fell 8.3% to a 795k pace in August from a revised 867k in July (870k previously). Weakness was seen in the South and West regions, the hardest hit by the housing contraction. The month's supply of homes rose to 8.2 from 7.6 previously (revised from 7.5). The number of homes on the market dipped to 529k from a revised 537k (533k previously). The median home price fell to $225,700 from $246,200 (revised from $239,500), and is down 7.5% year-over-year. The housing data remain weak, but the decline in home sales was not quite the double digit pace rumored and that may leave the markets little changed.


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus