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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
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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)
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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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TREASURIES-Bonds retreat after five-week rally |
REUTERS - Sept. 14, 2009 - by Matthew Goldstein
* Supply over-hang weighs on bonds
* Prices off lows after weaker Wall Street open
* Economic data to take focus with retail sales on Tuesday
* Next supply announcement due on Thursday (Updates prices, adds quote)
By Burton Frierson
NEW YORK, Sept 14 (Reuters) - U.S. Treasuries slipped on Monday, pulling benchmark yields up from two-month lows, as the market took a breather from a five-week rally.
Investors were still digesting the $70 billion worth of bond supply that hit the market in last week's surprisingly well-bid auctions, and also preparing to refocus on economic data.
Though no key releases are scheduled for Monday, national retail sales and a regional manufacturing report on Tuesday will be closely watched, as will Wednesday's consumer price data.
Recent data generally has reflected only a tentative stabilization from the worst recession in decades but prospects of improvement would hurt bonds, which do better in times of economic weakness.
"There is a bit of selling. It is sort of an over-hang from last week's supply," said Thomas di Galoma, head of fixed income rates trading at Guggenheim Capital Markets LLC in New York.
"I think yield levels are just too low given the economic data we have had. I think the economic numbers will surprise a little bit on the up side. The story is that the economy is better than people think it is."
The benchmark 10-year note US10YT=RR was last down 7/32, yielding 3.38 percent versus Friday's close of 3.35 percent. Gains on Friday pushed yields down as far as 3.27 percent, the lowest since July 13.
The 30-year long bond US30YT=RR fell 8/32, yielding 4.20 percent versus Friday's close of 4.18 percent.
Traders will also be nervous ahead of Thursday's announcement of next week's Treasury auctions, with two-, five- and seven-year debt due to come to market.
A total of $109 billion worth of those securities hit the market when the Treasury last auctioned them in late-August.
After the recent rally, analysts said it would be difficult for bonds to gain much more and push benchmark yields decisively below 3.30 percent.
Bonds cut the worst of their losses after Wall Street opened lower on Monday, though the support from softer equities was minimal.
"Today we've got a bit of selling pressure but the last few days the rally seemed to be fueled by the strong auctions kind of removing the uncertainty about the market's ability to absorb the supply," said Sergey Bondarchuk, US interest rate strategist with BNP Paribas in New York.
"To get more upside...you need probably a decent concession out of equity markets or some seriously weak economic data, which we don't have."
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