(Reuters) - U.S. stock index futures pointed to a flat opening on Wall
Street on Friday. Gyrations in stocks may swiftly become the main
catalyst for Treasuries in the aftermath of the jobs data.
Stocks have recently shown a strong inverse correlation to
Treasury prices, although credit concerns still helped Treasury
prices rally on Thursday in spite of U.S. equities late day surge.
The benchmark 10-year U.S. Treasury note's yield is not far above
the 2 1/2 month lows of 4.69 percent it fell to on Wednesday. Bond
yields and prices move inversely.
Read more at Reuters.com Bonds News
Street on Friday. Gyrations in stocks may swiftly become the main
catalyst for Treasuries in the aftermath of the jobs data.
Stocks have recently shown a strong inverse correlation to
Treasury prices, although credit concerns still helped Treasury
prices rally on Thursday in spite of U.S. equities late day surge.
The benchmark 10-year U.S. Treasury note's yield is not far above
the 2 1/2 month lows of 4.69 percent it fell to on Wednesday. Bond
yields and prices move inversely.
Read more at Reuters.com Bonds News
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