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January 27, 2014
Wall Street Journal: Treasurys Swing Higher After New-Home Sales Lower
The newly revealed weakness in the nation's housing sector underscored the dependence of the economic recovery on cheaper financing, a key factor that will hold interest rates from racing higher this year.
U.S. Treasurys rallied strongly last week, as a selloff in global equity and currency markets prompted investors to flee risky assets and take shelter in the safe-haven market. Yields on the benchmark 10-year Treasury notes fell to 2.737% at Friday's close, the lowest level in two months.
U.S. Treasurys rallied strongly last week, as a selloff in global equity and currency markets prompted investors to flee risky assets and take shelter in the safe-haven market. Yields on the benchmark 10-year Treasury notes fell to 2.737% at Friday's close, the lowest level in two months.
2 comments:
"newly revealed weakness" Couldn't have seen that coming. Just what gave them the idea the housing business was booming.
Fred
Fred,
They peeled back the simulated wood veneer and discovered the body of Jimmy Hoffa!
Nobody could have smelled that coming! ;)
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