Democratic Underground - Treasurys close sharply lower after ECB hikes rates - yield still inverted

Reply #93: Treasurys close sharply lower after ECB hikes rates - yield still inverted [View All]

UpInArms

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Thu Mar-02-06 03:10 PM
Response to Reply #46

93. Treasurys close sharply lower after ECB hikes rates - yield still inverted

http://www.marketwatch.com/News/Story/Story.aspx?guid=%7B2814CD34%2DC0BE%2D4A6D%2DAA48%2DEA669AB6625F%7D&dateid=38778%2E6285587963%2D862551080&siteid=mktw&dist=newsfinder

NEW YORK (MarketWatch) -- Treasury prices closed sharply lower Thursday, pushing the benchmark yield to a 4-month high, after a rate increase and hawkish rhetoric from the European Central Bank sparked concerns about euro-zone economic strength spilling over to the U.S. Economic strength typically sends money out of the fixed-income market and into riskier investments, and prompts concerns about aggressive monetary policy. The 10-year benchmark note closed down 12/32 at 98-29/32 with a yield ($TNX 46.38, +0.49, +1.1% ) of 4.637%, its strongest level since early November and up from 4.589% at Wednesday's close.

3:02 PM ET 3/2/06 <$TYX> 2-YR TREASURY YIELD ENDS AT 4.716%; 30-YR YIELD AT 4.616%

3:01 PM ET 3/2/06 <$TNX> 10-YR TREASURY CLOSES DOWN 12/32 AT 98-29/32; YIELD 4.637%

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Reply #93: Treasurys close sharply lower after ECB hikes rates - yield still inverted [View All]