17 January 2020
Treasury Yields Climed on Thursday After Strong Economic Data Boosted Investors Risk Appetite. The yield on the benchmark 10-year treasury note, which moves inversely to price, was higher at around 1.812%, while the yield on the 30-year treasury bond was also higher at around 2,262%. Yields Popped After Data from the Commerce Department Showed Retail Sales Rose 0.3% in December, Matching Analyst Expectations. The Latest Weekly Jobless Claims Also Came in at 204,000, lower than the 216,000 expected. (CNBC) The U.S. Treasury will start issuing 20-year bonds in the first half of 2020, expanding its roster of securities as the government seems to ways to fund a ballooning deficit. Institutional Investors have been clangoring for more longer-degrees, risk-free securities that offer some nominal yield, amid a global total of $ 11 trillion of debt with negative rats. Japanese Officials Have Discussed Adding A 50-Year Security, Something the U.S. OPted Against in its Announcement. (Bloomberg) Source: Danareksa Securities Debt Research Photo by Josh G On Unssplash