U.S. TREASURY YIELDS PLUMMETED
upon the European Central Bank announcing a
shift in
economic policy
holding rates steady and
slashing its GDP forecast.
Jobless claims slightly declined last week by 3.000 jobs for a seasonally adjusted 223,000 jobs. The
10-year U.S. Treasury note dipped 5 basis points and the
30-year note
sank 4 basis points.
S&P
-0.81%,
Dow
-0.78%,
NASDAQ
-1.13%
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market analytics,
research,
market update
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%
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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%
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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%
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EUROPEAN SHARES RISE AS TRADE WAR RESOLUTION HOPES CREATES OPTIMISM. Deutsche Bank strategist Jim Reid stated, “
Sentiment has improved overnight on the positive trade headlines with China’s
markets leading the advance.”
The chemical sector was
trading in negative territory, weighed down by Victrex, downgraded by Citigroup.
EU Trade Commissioner will meet with the
U.S. Trade Representative, Robert Lighthizer on March 6 to
converse about negotiating a
mandate for a trade deal on
industrial goods and raise
concern over potential future U.S. tariffs.
Eurozone producer prices slightly
rose in February
attributing to an inflation rate of 1.4%. The
UK 10 year Government Bond
decreased two basis points.
FTSE 100 +0.39%,
STOXX Europe 600 +
0.23%,
CAC 40 +0.41%,
German DAX -0.08%.
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European
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