{"id":125,"date":"2008-02-08T09:39:02","date_gmt":"2008-02-08T14:39:02","guid":{"rendered":"http:\/\/new.jpfco.com\/dir\/archives\/125"},"modified":"2013-07-23T12:45:45","modified_gmt":"2013-07-23T12:45:45","slug":"why-rates-are-going-up","status":"publish","type":"post","link":"https:\/\/www.jpfco.com\/dir\/why-rates-are-going-up\/","title":{"rendered":"Why rates are going up"},"content":{"rendered":"

Treasuries Fall as Demand Wanes for Lowest-Ever 30-Year Yield
\nBy Sandra Hernandez and Deborah Finestone<\/p>\n

Feb. 7 (Bloomberg) — U.S. Treasuries declined as demand was weaker than expected at the government’s $9 billion auction of 30-year bonds, which drew the lowest yield on record. <\/p>\n

Ten- and 30-year securities fell a second straight day as traders bet the Federal Reserve’s five interest-rate cuts since September will revive economic growth and cause inflation to accelerate. <\/p>\n

“The auction went as poorly as one could imagine,” said Andrew Brenner, co-head of structured products in New York at MF Global Ltd., the world’s largest broker of exchange-traded futures and options contracts. “There isn’t a lot of demand for bonds at these levels.” <\/p>\n

The yield on the new benchmark 10-year note auctioned yesterday, with a 3 1\/2 percent coupon and due in February 2018, rose 16 basis points, or 0.16 percentage point, to 3.76 percent as of 2 p.m. in New York, according to bond broker Cantor Fitzgerald LP. Benchmark 10-year yields fell to a 4 1\/2-year low of 3.285 percent on Jan. 23, the day after the Fed’s emergency 0.75 percentage point rate cut. <\/p>\n

The new 30-year bond drew a yield of 4.449 percent at the auction, compared with 4.41 percent in pre-auction trading and the 4.421 percent forecast of six bond-trading firms surveyed by Bloomberg News. The new bond last traded with a yield of 4.51 percent. <\/p>\n

Ron Peck
\nSr. Vice President
\nSalem Five Mortgage Services
\n978-448-8417
\n978-302-8640 cell
\n978-498-0176 fax
\n <\/p>\n

Dalton<\/mailto><\/p>\n","protected":false},"excerpt":{"rendered":"

Treasuries Fall as Demand Wanes for Lowest-Ever 30-Year Yield By Sandra Hernandez and Deborah Finestone Feb. 7 (Bloomberg) — U.S. Treasuries declined as demand was…<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[],"class_list":["post-125","post","type-post","status-publish","format-standard","hentry","category-real-estate-news"],"_links":{"self":[{"href":"https:\/\/www.jpfco.com\/dir\/wp-json\/wp\/v2\/posts\/125","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.jpfco.com\/dir\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.jpfco.com\/dir\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.jpfco.com\/dir\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.jpfco.com\/dir\/wp-json\/wp\/v2\/comments?post=125"}],"version-history":[{"count":0,"href":"https:\/\/www.jpfco.com\/dir\/wp-json\/wp\/v2\/posts\/125\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.jpfco.com\/dir\/wp-json\/wp\/v2\/media?parent=125"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.jpfco.com\/dir\/wp-json\/wp\/v2\/categories?post=125"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.jpfco.com\/dir\/wp-json\/wp\/v2\/tags?post=125"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}