rtmark
LearnBonds.com

Treasury yields fall to erase Fed-fuelled jump, US stocks stuck on growth worries

(Bond Market Wrapup for September 20th, 2012) – Treasuries advanced for the fourth straight session Thursday, pushing yields down that erased gains following the Federal Reserve’s announcement last week.

Yield on 10-year Treasuries slipped one basis point, or 0.01 percentage point, to settle at 1.77 percent after falling as low as 1.72 percent. Manufacturing in China continue to worry as a HSBC report showed contraction for the 11th straight month. A regional purchasing manager’s index slumped to a 39 month low in Europe against an estimated uptick. In the US, first-time jobless claims fell marginally to 382,000 last week. A Philadelphia Federal Reserve Bank report showed manufacturing in the region improved slightly with its business-conditions index rising to negative 1.9 from negative 7.1 in August. Yield on 30-year Treasury bonds declined 1 basis point, or 0.01 percentage point, to 2.96 percent in late afternoon trading, New York time.

Bond funds continued to rise with the iShares Barclays 20 Year Treasury Bond ETF (TLT) gaining 30 cents, or 0.25 percent, to settle at $121.41, while the Vanguard Total Bond Market ETF (BND) added 2 cents, or 0.02 percent to close at $84.63.

Most US stocks closed lower Thursday while blue-chip stocks managed to eke out slight gains after economic reports from China to Japan and Europe fuelled worries that the global economic recovery is stuck in the rut.

The Dow Jones Industrial Average (DJIA) added 18.97 points, or 0.1 percent, to 13,596.93, with Kraft Foods (KFT) and Microsoft (MSFT) pacing the gains. Breadth within the blue-chip index remained slightly positive with gainers edging out losers 17 to 13.

Alcoa (AA) and Caterpillar (CAT) were the among biggest percentage decliners. Bank of America (BAC) slumped 1.1 percent following reports that the bank may cut 16,000 jobs by 2012 end to trim down costs.

The S&P 500 Index (SPX) lost 0.79 points, or 0.05 percent, to 1461.23 with industrials sinking the most and consumer staples outperforming among its 10 business groups.

The NASDAQ Composite (COMP) shed 6.67 points, or 0.2 percent, to close at 3175.96.

For every stock rising, nearly two advanced on the NYSE.

Oil prices for October delivery fell 11 cents to close at $92.87 a barrel.

Gold futures for December delivery dropped $1.50 to $1,770.20 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.