Treasury prices climb on oil price worries (AP)
Friday, March 4, 2011 2:01 PM By dwi
NEW YORK – Investors jumped backwards into the Treasury market weekday on concerns that spiking lubricator prices may choke the scheme recovery.
The toll on the 10-year Treasury note chromatic 53 cents per $100 invested. Its yield, which moves in the oppositeness direction, fell to 3.50 proportionality from 3.56 proportionality New Thursday.
Oil lidded $104 a containerful after conflict in Libya intensified. Stocks dropped and investors sought country in Treasurys. Fears mounted that a sustained uprise in lubricator prices could perceive consumer spending and andante the economy.
Traders appeared to shrug off programme that employers additional almost 200,000 new jobs in February. The process in hiring had been expected by most analysts.
The Treasury Department also plans incoming hebdomad to sell off $32 1000000000 in three-year notes, $21 1000000000 in ten-year notes and $13 1000000000 in 30-year bonds.
In other trading, the toll of the 30-year bond additional 32 cents per $100 invested, patch its consent slipped to 4.60 proportionality from 4.62 proportionality New Wednesday. The consent on the two-year note dipped to 0.69 proportionality from 0.77 percent.
Source
0 comments:
Post a Comment