NEW YORK – Treasury prices fell Thursday after the government reported that fewer people applied for unemployment benefits last week.
The Labor Department said Thursday that first-time claims for unemployment benefits dipped below 400,000 last week for the first time in four months. That gave investors more confidence to buy riskier assets like stocks. The Dow Jones industrial average surged 423.37 points, or 3.9 percent, to close at 11,143.31.
In afternoon trading, the 10-year Treasury fell $1.75 for every $100 invested. The drop in price raised the yield to 2.34 percent, up from 2.11 percent late Wednesday.
Sharp movements in the Treasury market helped make for a messy government bond auction Thursday. The Treasury sold $16 billion in 30-year Treasurys at a 3.75 percent yield. Investors placed bids for 2.08 times the amount up for sale, the weakest show of demand since February 2009. Joe Balestrino, a portfolio manager at Federated Investors Inc., called the auction "horrendous."
But it's also the lowest borrowing rate for a 30-year auction since March 2009.
The drop in price raised the yield to 3.77 percent, up from 3.50 percent late Wednesday.
The three-month Treasury bill paid a 0.01 percent yield. Its discount was 0.01 percent.
Keywords clouds text link http://alonhatro.com/
Dịch vụ seo, Dịch vụ seo nhanh , Thiết kế website , máy sấy thịt bò mỹ thành lập doanh nghiệp
Visunhome, gương trang trí nội thất cửa kính cường lực Vinhomes Grand Park lắp camera Song Phát thiết kế nhà thegioinhaxuong.net/
|aviatorsgame.com ban nhạc||confirmationbiased.com|
|mariankihogo.com ốp lưng||Giường ngủ triệu gia Ku bet ku casino|
mặt nạ mặt nạ ngủ Mặt nạ môi mặt nạ bùn mặt nạ kem mặt nạ bột mặt nạ tẩy tế bào chết mặt nạ đất sét mặt nạ giấy mặt nạ dưỡng mặt nạ đắp mặt mặt nạ trị mụn
mặt nạ tế bào gốc mặt nạ trị nám tem chống giả
© 2020 US News. All Rights Reserved.