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| BondsOnline.com: instant access to and extensive coverage of over 3.5 million stocks, bonds, indexes and other securities covering major and emerging markets and exchanges across the globe. |
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| Bonds Online |
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| 5/10/2013Market Performance |
| Municipal Bonds |
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S&P National Bond Index
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3.00% |
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S&P California Bond Index
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2.96% |
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S&P New York Bond Index
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3.13% |
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S&P National 0-5 Year Municipal Bond Index
|
0.70% |
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| S&P/BGCantor US Treasury Bond |
400.09 |
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| More |
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| Income Equities: |
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| Preferred Stocks |
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S&P U.S. Preferred Stock Index
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848.03 |
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S&P U.S. Preferred Stock Index (CAD)
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636.26 |
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S&P U.S. Preferred Stock Index (TR)
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1,701.05 |
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S&P U.S. Preferred Stock Index (TR) (CAD)
|
1,276.26 |
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| REITs |
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S&P REIT Index
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174.07 |
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S&P REIT Index (TR)
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425.30 |
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| MLPs |
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S&P MLP Index
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2,469.58 |
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S&P MLP Index (TR)
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5,428.50 |
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See Data
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Treasurys rise as payrolls come in worse than forecast |
By Nick Godt, MarketWatch
NEW YORK (MarketWatch) -- Treasury prices rose Friday, sending yields lower, after the Labor Department said the U.S. economy lost 85,000 jobs in December, short of the slight increase in payrolls that economists expected.
Financial markets, however, took the disappointing news in stride. Government bonds, which normally gain in value when the outlook for the economy wanes because there is little prospect that inflation will eat into returns, came off earlier highs.
While unemployment will likely remain high this year, the case for "a jobless recovery" remains intact, said Dan Greenhaus, chief economic strategist at Miller Tabak.
Yields on benchmark 10-year Treasury notes (UST10Y 3.81, -0.01, -0.26%) eased 1 basis point to 3.827%.
Yields on two-year notes (UST2YR 0.96, -0.06, -6.27%) , which closely track expectations for the Federal Reserve's key interest rate, were down 6 basis points to 0.964%.
Bond prices move inversely to their yields. A basis point is the equivalent of one one-hundredth of a percentage point.
Job losses resumed in December after revised figures showed U.S. nonfarm payrolls rose in November for the first time in nearly two years.
Specifically, payrolls fell by a seasonally adjusted 85,000 in December following a revised increase of 4,000 in November. Over the course of 2009, payrolls fell by a cumulative 4.2 million. Read more on jobs.
The official U.S. unemployment rate remained at 10%, unchanged from November.
Prices for government debt initially rallied as December payrolls "came in well below inflated expectations of a positive print, along with back revisions," analysts at Action Economics said in a note.
Economists surveyed by MarketWatch had expected payrolls to rise by 10,000 and for the unemployment rate to rise to 10.1% from 10%.
On Thursday, Treasurys fell and yields advanced as traders took a cautious approach in anticipation of the jobs report and as the U.S. government announced it will raise $84 billion next week.
The Treasury Department said it will sell $74 billion in notes and bonds and an additional $10 billion in Treasury-inflation protected securities.
A total of $40 billion in 3-year notes, $21 billion in 10-year notes and $13 billion in 30-year bonds will be auctioned. Both the 30-year bonds and the 10-year notes are re-openings, the Treasury said.
Nick Godt is MarketWatch's markets editor, based in New York.
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| Stuff to look at |
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| BondsOnline Advisor |
Income Security Recommendation January 2013 Issue.
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