游客发表
发帖时间:2024-09-29 12:31:13
This craftsman riding mower won't go into geararticle was originally published on
ETFTrends.com.
U.S. Treasury bond exchange traded funds continued to strengthen, with yields on benchmark 10-year U.S. government notes touching an 11-month low, amid heightened concerns over global growth.
Over the past three months, the
iShares 7-10 Year Treasury Bond ETF (
IEF
)
gained 4.1% and
iShares 20+ Year Treasury Bond ETF (
TLT
)
rose 5.4% as yields on benchmark 10-year Treasury notes dropped down to 2.66% after reaching as high as 3.22% back in October.
“If 2.64 percent is broken to the downside, look for a move to 2.49 or 2.48 percent on 10-year yields as selling pressure continues on the global equity complex,” Tom di Galoma, managing director at Seaport Global Holdings, said in a note.
Treasury bonds strengthened following weak economic data out of Asia and Europe while the partial shutdown of the U.S. government continued.
“Chinese PMI came in weaker than expected and gave a risk-off tone to global markets. There are now mounting concerns about global growth,” Justin Lederer, Treasury analyst and trader at Cantor Fitzgerald, told
Reuters
.
China's factory activity weakened for the first time in 19 months over December due to the China-U.S. trade war, with weakness also spilling over to other Asian economies.
Meanwhile, Eurozone manufacturing activity only inched higher at the end of 2018 in a broad slowdown, and observers see few signs of optimism in the new year.
“There’s a demand for safe-haven bonds. You see that in U.S. Treasuries, and you see it in German bunds, though that’s in a catch-up, and Japanese 10-years are negative,” Lederer added.
Looking ahead, market observers will be looking out for U.S. manufacturing survey on Thursday, payrolls data on Friday and U.S. earnings season later this month, which is widely anticipated to reveal slowing corporate profits over the past three months.
Furthermore, the markets are anticipating a lower likelihood that the Federal Reserve will continue to hike interest rates in the weaker economic environment. Fed funds futures, which many use to bet on the direction of Federal Reserve policy, early Wednesday showed an 87% probability policy makers will end the year with interest rates at or below current levels, according to the
Wall Street Journal
. In comparison, futures prices were showing a 90% probability back in November that rates would end the year higher in 2019.
For more information on the fixed-income market, visit our
bond ETFs category
.
POPULAR ARTICLES AND RESOURCES FROM ETFTRENDS.COM
SPY ETF Quote
VOO ETF Quote
QQQ ETF Quote
VTI ETF Quote
JNUG ETF Quote
Top 34 Gold ETFs
Top 34 Oil ETFs
Top 57 Financials ETFs
Story continues
Markets Close Out 2018 in the Green as Dow Gains Over 250 Points
Natural Gas ETFs Gap Lower on Milder Week-End Temperatures
Opportunities Abound in 2019 Following a Stormy 2018
Five Questions: Behavior in Investing With Dr. Daniel Crosby
ETF Investors Sift Through the Wreckage for 2019 Plays
READ MORE AT ETFTRENDS.COM >
View comments
相关内容
随机阅读
热门排行
友情链接