Fed Brief

  • 07-26-2017 15:36:41 PM ET

    The word is out from the Federal Open Market Committee(FOMC) and the word is this: theCommittee, in a unanimous decision, decided to leave the target range for thefed funds rate unchanged at 1.00% to 1.25%. As far as the stock market is concerned, there was virtually zerosurprise in that...

Bond Market Update

  • The Market at 15:17 ET

    10-Year: -5/32…2.31…EUR/USD: 1.1688USD/JPY: 111.02

    Treasury Market Stands Its Ground

    • June Durable Goods Orders: Actual +6.5%, Briefing.com consensus 2.9%, Prior -0.1%
    • Durable Goods Orders ex-transportation: Actual +0.2%, Briefing.com consensus 0.5%, Prior 0.6% 
    • Initial Jobless Claims for the week ending 7/22: Actual 244K, Briefing.com consensus 240K, Prior 234K
    • Continuing Jobless Claims for the week ending 7/15: Actual 1964K, Prior 1977K
    • June International Trade in Goods: Actual -$63.9, Briefing.com consensus -$64.9 bln, Prior -$65.9 bln
    • Natural Gas Inventories for the week ending 7/22: Actual 17 bcf, Prior 28 bcf
    • $28 bln 7-year Treasury auction: High yield: 2.126% (When-Issued: 2.122%), Bid-to-cover: 2.54, Indirect bid: 67.7%, Direct bid: 11.6%
    • Treasury Secretary Mnuchin says he wouldn't prioritize debt repayments in event U.S. hits debt ceiling

The Bond Column

  • 07-21-2017 15:49:23 PM ET

    The Week in Review/Week Ahead

    U.S.Treasury yields continued to move lower from their mid-July highs this week. The U.S. economic data releases were limited to regional manufacturing surveys and the Housing Starts report. The Em...

Treasury Yield