U.S. bond yields were mostly flat on Friday as investors continued to ponder recent economic data and the latest Federal Reserve minutes. The post-Thanksgiving session will also be shortened.
What is happening?
-
The yield of the 2-year Treasury note TMUBMUSD02Y,
4.479%
was stable at 4.484% from 4.481% on Wednesday. -
The yield of the 10-year Treasury note TMUBMUSD10Y,
3.713%
was little changed at 3.711% from 3.708% on Wednesday. -
The yield of the 30-year Treasury note TMUBMUSD30Y,
3.745%
was down 0.1% to 3.736% from 3.742% on Wednesday.
What drives the markets?
The bond market, alongside stocks, was closed for Thanksgiving Day on Thursday and will hold an abbreviated session on Black Friday, the annual year-end trading event, with bond trading ending at 2 p.m. ballast.
There is no economic data on the calendar for Friday. Treasury yields fell on Wednesday after minutes from the Fed’s November meeting indicated that most members thought a slower pace of interest rate hikes “would probably be appropriate soon.”
Lily: Fed’s Bullard Set to Talk Inflation and Interest Rates in MarketWatch Q&A on Monday
Investors also received a batch of data on Wednesday showing rising jobless claims, falling consumer confidence and sluggish growth via a survey of business executives.
Next week will see a reboot of the economic calendar, including third-quarter gross domestic product, the Fed’s favorite inflation gauge, the PCE price index, house prices, updates from the November manufacturing and payrolls data.
U.S. bond yields were mostly flat on Friday as investors continued to ponder recent economic data and the latest Federal Reserve minutes. The post-Thanksgiving session will also be shortened.
What is happening?
-
The yield of the 2-year Treasury note TMUBMUSD02Y,
4.479%
was stable at 4.484% from 4.481% on Wednesday. -
The yield of the 10-year Treasury note TMUBMUSD10Y,
3.713%
was little changed at 3.711% from 3.708% on Wednesday. -
The yield of the 30-year Treasury note TMUBMUSD30Y,
3.745%
was down 0.1% to 3.736% from 3.742% on Wednesday.
What drives the markets?
The bond market, alongside stocks, was closed for Thanksgiving Day on Thursday and will hold an abbreviated session on Black Friday, the annual year-end trading event, with bond trading ending at 2 p.m. ballast.
There is no economic data on the calendar for Friday. Treasury yields fell on Wednesday after minutes from the Fed’s November meeting indicated that most members thought a slower pace of interest rate hikes “would probably be appropriate soon.”
Lily: Fed’s Bullard Set to Talk Inflation and Interest Rates in MarketWatch Q&A on Monday
Investors also received a batch of data on Wednesday showing rising jobless claims, falling consumer confidence and sluggish growth via a survey of business executives.
Next week will see a reboot of the economic calendar, including third-quarter gross domestic product, the Fed’s favorite inflation gauge, the PCE price index, house prices, updates from the November manufacturing and payrolls data.