TREASURIES-Prices rise as Wall St slides, oil declines reuters/article/2015/01/09/markets-usa-bonds-idUSL1N0UO1YS20150109 NEW YORK, Jan 9 (Reuters) - U.S. Treasury debt prices climbed on Friday, with investors focusing on a surprising drop in U.S. average hourly wages and slumping oil prices that aggravated worries the global economy is sputtering. U.S. government debt was also boosted by a fall on Wall Street, where stocks were down nearly 1 percent after two days of outsized gains. Increases were largest in longer maturities. Bond investors looking at the governments U.S. employment data for December largely shrugged off a strong increase in jobs and focused on a five-cent decline in hourly wages that suggested the Federal Reserve may be slow about raising benchmark U.S. interest rates. Perceived odds on the Fed raising rates by September fell to 52 percent, according to CME Fedwatch, which tracks futures contracts. That was down from 60 percent before the jobs data. Thirty-year Treasuries were last up 29/32 to yield 2.5514 percent, while the benchmark 10-year note was ahead 14/32, and its yield slipped below 2 percent to 1.961 percent. Shorter maturities also rose in price. The spread among Treasuries widened on Friday. Earlier this week, in a rally fueled by falling oil prices and expectations that European policymakers will soon launch a bond-buying program, the Treasuries spread narrowed to its tightest since December 2007.
Posted on: Mon, 12 Jan 2015 07:19:28 +0000
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