rtmark
LearnBonds.com

Treasuries fall amid weak demand, US stocks drop

Treasuries slid for the second day as demand remained the least in seven months and investors questioned if the economy requires another round of monetary stimulus by the Fed.

The yield on current five-year notes rose 0.02 percentage points, or two basis points, to 1.04 percent as demand was the weakest weakest at an auction since Aug. At the $35 billion securities sale, the bid-to-cover ratio dropped to 2.85 from the 10-auction average of 2.91. Bank of America Merrill Lynch indexes showed five-year notes dropped 0.7 percent in March. Yields on 10-year benchmark notes also rose two basis points to 2.20 percent.

The iShares Barclays 20 Year Treasury Bond ETF (TLT) shed 0.16 points, or 0.14 percent, for the day, while the Vanguard Total Bond Market ETF (BND) lost 0.02 points, or 0.02 percent over Tuesday’s close.

US stocks slipped Wednesday, extending losses for the second day as global growth worries took center-stage after US durable goods orders came in weaker than expected. Investors dumped energy and materials related stocks as commodities took a big hit; copper and oil roughly fell by 2 percent while gold dipped more than a percent.

The Dow Jones Industrial Average (DJIA) sank 71.52 points, or 0.5 percent, to 13,126.21, still up 0.4 percent over last Friday’s close. Heavy OEM Caterpillar (CAT) tanked 3.5 percent, the biggest drop in percentage terms and points. Aluminum producer Alcoa Inc (AA) fared the second worst, losing 2.3 percent on the day.

The S&P 500 Index (SPX) shed 6.98 points, or 0.5 percent, to 1,405.54 with the materials and energy sectors in the 10-component index dropping the most. Pentair Inc (PNR) jumped 15 percent while Tyco International Ltd (TYC) rose 4.26 percent after the two firms announced creation of a new entity by merging their flow control businesses. Sears Holdings (SHLD) dropped the most, losing 6.1 percent for the day. Metals companies Allegheny Technologies Inc. (ATI) and Freeport McMoRan (FCX) were among the day’s biggest losers.

The tech-heavy NASDAQ Composite (COMP) slipped 15.39 points, or 0.5 percent, to close at 3,104.96.

For every stock advancing, two stocks declined on the NYSE.

Average gas prices crossed the $3.90 a-gallon mark Wednesday and are now a dime away from the $4 threshold following 19 consecutive hikes.

Oil futures for May delivery dropped $1.92 to close at $105.41 a barrel after US government announced a surprisingly large gain in weekly inventories.

Gold futures for April delivery tumbled $27 to $1,657.90 an ounce.

 

Trusted & Regulated Stock & CFD Brokers

What we like

  • 0% Fees on Stocks
  • 5000+ Stocks, ETFs and other Markets
  • Accepts Paypal Deposits

Min Deposit

$200

Charge per Trade

Zero Commission

Rating

64 traders signed up today

Visit Now

75% of investors lose money when trading CFDs.

Available Assets

  • Total Number of Stocks & Shares5000+
  • US Stocks
  • German Stocks
  • UK Stocks
  • European
  • ETF Stocks
  • IPO
  • Funds
  • Bonds
  • Options
  • Futures
  • CFDs
  • Crypto

Charge per Trade

  • FTSE 100 Zero Commission
  • NASDAQ Zero Commission
  • DAX Zero Commission
  • Facebook Zero Commission
  • Alphabet Zero Commission
  • Tesla Zero Commission
  • Apple Zero Commission
  • Microsoft Zero Commission

Deposit Method

  • Wire Transfer
  • Credit Cards
  • Bank Account
  • Paypall
  • Skrill
  • Neteller

What we like

  • Sign up today and get $5 free
  • Fractals Available
  • Paypal Available

Min Deposit

$0

Charge per Trade

$1 to $9 PCM

Rating

Visit Now

Investing in financial markets carries risk, you have the potential to lose your total investment.

Available Assets

  • Total Number of Shares999
  • US Stocks
  • German Stocks
  • UK Stocks
  • European Stocks
  • EFTs
  • IPOs
  • Funds
  • Bonds
  • Options
  • Futures
  • CFDs
  • Crypto

Charge per Trade

  • FTSE 100 $1 - $9 per month
  • NASDAQ $1 - $9 per month
  • DAX $1 - $9 per month
  • Facebook $1 - $9 per month
  • Alphabet $1 - $9 per month
  • Telsa $1 - $9 per month
  • Apple $1 - $9 per month
  • Microsoft $1 - $9 per month

Deposit Method

  • Wire Transfer
  • Credit Cards
  • Bank Account
All trading carries risk. Views expressed are those of the writers only. Past performance is no guarantee of future results. The opinions expressed in this Site do not constitute investment advice and independent financial advice should be sought where appropriate. This website is free for you to use but we may receive commission from the companies we feature on this site.
David Waring

David Waring was the founder of LearnBonds.com and has been a major contributor to the extensive library of investing news and information available on the site. Until the launch of Learnbonds.com in late 2011 there was no single site on the internet catering exclusively to the individual bond investor. This was true even though more individuals own stocks than bonds. Learn Bonds was launched to fill that gap.