Advertisement
Australia markets closed
  • ALL ORDS

    8,153.70
    +80.10 (+0.99%)
     
  • ASX 200

    7,896.90
    +77.30 (+0.99%)
     
  • AUD/USD

    0.6516
    -0.0019 (-0.30%)
     
  • OIL

    83.05
    +1.70 (+2.09%)
     
  • GOLD

    2,245.80
    +33.10 (+1.50%)
     
  • Bitcoin AUD

    108,520.32
    +2,808.10 (+2.66%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • AUD/EUR

    0.6040
    +0.0009 (+0.15%)
     
  • AUD/NZD

    1.0908
    +0.0028 (+0.26%)
     
  • NZX 50

    12,105.29
    +94.63 (+0.79%)
     
  • NASDAQ

    18,254.69
    -26.15 (-0.14%)
     
  • FTSE

    7,952.62
    +20.64 (+0.26%)
     
  • Dow Jones

    39,807.37
    +47.29 (+0.12%)
     
  • DAX

    18,492.49
    +15.40 (+0.08%)
     
  • Hang Seng

    16,541.42
    +148.58 (+0.91%)
     
  • NIKKEI 225

    40,168.07
    -594.66 (-1.46%)
     

TREASURIES-U.S. yields recover from three-week lows after solid data

By Gertrude Chavez-Dreyfuss NEW YORK, Jan 28 (Reuters) - U.S. long-dated Treasury yields rallied from three-week lows on Thursday after data showed the world's largest economy grew in the fourth quarter, in line with expectations, while initial jobless claims were better than forecast. U.S. long-dated yields were lower before the economic numbers and were last higher on the day. That steepened the yields curve after flattening the last four sessions. The spread between the U.S. two-year and 10-year yields widened to 91.30 basis points U.S. gross domestic product grew at a 4% annualized rate, in line with economists' forecasts, although for the whole of 2020, the economy contracted 3.5%, the worst performance since 1946. "GDP was still down...on a year earlier, but that still represents a much faster recovery than we would initially have expected given how grim things looked in mid-2020," said Paul Ashworth, chief U.S. economist at Capital Economics, in a research note. "With effective vaccines offering the possibility of a return to normalcy later this year and the Biden administration intent on more fiscal stimulus, we think GDP growth will be as high as 6.5% this year," he added. Other reports showed U.S. jobless claims were lower than expected at 847,000, compared with forecasts of 875,000. In mid-morning trading, the U.S. benchmark 10-year yield rose to 1.0398%, from 1.014% late on Wednesday. It earlier fell below 1%, a three-week trough. U.S. 30-year yields rose to 1.797% from Wednesday's 1.78%, after earlier sliding to a three-week low of 1.755%. U.S. two-year yields were up at 0.121%, from 0.119% on Wednesday. Later on Thursday, the Treasury will auction $62 billion in U.S. seven-year notes. January 28 Thursday 9:19AM New York / 1419 GMT Price Current Net Yield % Change (bps) Three-month bills 0.0675 0.0684 -0.003 Six-month bills 0.0825 0.0837 0.005 Two-year note 100-2/256 0.1211 0.002 Three-year note 99-208/256 0.1885 0.010 Five-year note 99-190/256 0.4272 0.020 Seven-year note 99-68/256 0.734 0.028 10-year note 98-112/256 1.0432 0.029 20-year bond 96-8/256 1.6099 0.026 30-year bond 95-240/256 1.8018 0.022 DOLLAR SWAP SPREADS Last (bps) Net Change (bps) U.S. 2-year dollar swap 7.50 0.00 spread U.S. 3-year dollar swap 7.50 -0.25 spread U.S. 5-year dollar swap 8.75 -0.50 spread U.S. 10-year dollar swap 3.50 -0.25 spread U.S. 30-year dollar swap -25.25 -0.25 spread (Reporting by Gertrude Chavez-Dreyfuss; Editing by Andrea Ricci)