TREASURY YIELDS SANK as investors scaled back risk fleeing to safe-haven assets on Wednesday. ADP released weak private-sector employment numbers for February, companies added 183,000 jobs compared to estimates of 189,000 jobs slowing to a three-month low. Investors will keep a keen eye on the Labor Department’s official report to be released on Friday. The 10-year U.S. Treasury note dipped 3.4 basis points. S&P -0.66%, Dow -0.51%, NASDAQ -0.92%
Topics: Investment Grade, Analytics, bonds, bond market, market analytics, research, market update
Topics: High Yield, Analytics, bonds, bond market, market analytics, research, market update
MILD RISK-ON SENTIMENT PREVAILS as junk bonds edged out investment-grade debt in prices linked to actual trades. Boston Fed president Eric Rosengren, the Feds hawkish president conceded his stance on raising rates Tuesday morning echoing Chairman Jerome Powell’s words of “patience”. Rosengren known to be bullish stated, “With less ebullience in financial markets and no immediate signs of inflationary pressures, patiently watching to see how the economy develops is the appropriate policy for now.” The 10-year U.S. Treasury note settled up 0.4 basis points. S&P -0.11%, Dow -0.05%, NASDAQ -0.02%
Topics: Investment Grade, Analytics, bonds, bond market, market analytics, research, market update
Topics: High Yield, Analytics, bonds, bond market, market analytics, research, market update
EQUITIES TUMBLE AS INVESTORS BECOME SKEPTICAL on initial reports that the U.S. and China are nearing a landmark deal. Negotiations are nearing an agreement which will cause the U.S. to reduce tariffs on $200 billion of Chinese goods. As part of the deal, China is expected to accelerate purchases on U.S. goods and the U.S. desires the ability to re-initiate tariffs if talks on intellectual property fall apart. The 10-year U.S. Treasury note lost 2.6 basis points. S&P -0.39%, Dow -0.79%, NASDAQ -0.23%
Topics: Investment Grade, bond market, research, market update
Topics: High Yield, research, market update
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