US yields slide on day 3 as growth concerns continue
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New York — US Treasury Yields
Three consecutive sessions on Friday as investors remain
Even so, I am concerned that the signs of economic slowdown will increase.
The Federal Reserve has vowed to remain financially aggressive
Tightening to sustainably counteract high inflation.
“Concerns about slowing growth are pervading more and more people.
Analysts warn of recession as well as stagflation. “
Kim Rupert, Managing Director of Fixed Income at Action Economics
In San Francisco.
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“Target, Wal-Mart,
Due to rising labor, material and energy costs
And transportation
The future we care about is ahead, “she added.
Federal funds rates are stronger, with US interest rates
The market has receded a bit from some of its more extreme rates
Raise estimates of the view that the Federal Reserve may have to do
Reduce tightening plans, including multiple 50s
Basis points increase as the economy slows.
Friday’s rate market was priced at the federal funds rate
2.783% by the end of next year compared to current levels
0.83%. It reached 2.9% two weeks ago.
BofA Securities is the latest research note,
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It was the “change in the market sea of rate views” over the last two years.
several weeks.It reaffirmed last month’s long duration call
If the 10-year yield is between 2.8% and 2.85%.
U.S. banks quoted several factors such as yields
Overshoot Fundamentals, Fully Visible Federal Pricing, Growth and
Signs of inflation easing and economic slowdown in the survey.
Benchmark US 10-year yield on trading in the morning
2.2 Basis points fell to 2.833%.
Yields for 30 years also fell, down 2.4 bps to 3.041%.
..
At the forefront of the curve, the US two-year yield is
There was almost no change at 2.613%.
The yield curve flattened again on Friday and spreads
US 2-10 year yield narrows to 21.2bps
..Flattened in 4 of the last 5
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session.
“The dynamics of curve flattening should continue until the Fed reaches the Fed.
With early signs of employment softening
Higher unemployment rate, “BoFA wrote in the memo.
Friday, May 20th 10:26 AM New York / 1426GMT
Price current net
Yield% change
(Bps)
3 month invoice 1.031.04690.000
6 month invoice 1.4651.4962-0.006
2-year bond 99-201 / 256 2.6139 0.003
3-Year Bond 99-242 / 256 2.7691 -0.008
5-Year Bond 99-156 / 256 2.8351 -0.014
7-year bond 100-32/256 2.8548 -0.022
10-Year Bond 100-104 / 256 2.8279 -0.027
20-year bond 100-100 / 256 3.2232 -0.029
30-Year Bond 96-196 / 256 3.0402 -0.025
Dollar swap spread
Last (bps) net
Change
(Bps)
US two-year dollar swap 27.75-1.75
Spread
US $ 3-year swap 12.75-1.50
Spread
US $ 5 Swap 3.00-0.25
Spread
US 10 Year Swap 6.00-0.25
Spread
US $ 30 Swap-27.00-0.50
Spread
(Report by Gertrude Chavez-Dreyfuss; edited by Alison
Williams)
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US yields slide on day 3 as growth concerns continue
Source link US yields slide on day 3 as growth concerns continue