Weekly Market Update

Treasuries are on pace for their largest monthly gain since September, as the yield on the 10-year moved down to 1.92 percent, its lowest level since Feb. 2. This strong performance has come on the heels of weaker economic data domestically and growing concerns about Spain’s debt situation. Read more now.

The positive trend in Treasuries continued throughout last week and yields moved even lower early Monday morning, as the 10-year reached 1.92 percent. The last time the yield on the 10-year Treasury was this low was March 6 of this year.  Read more now (PDF, new window).

A record level of demand, combined with less supply, has resulted in a strong start to the second quarter for Treasuries. Yields on the 10-year approached 2 percent last week after being as high as 2.37 percent less than a month ago. Read more now in our Weekly Market Summary (PDF, new window).

Treasuries experienced their worst quarterly performance since the third quarter of 2010,as rates on the 10-year Treasury jumped
33 basis points (0.33 percent) from Jan. 1 to March 30. Yields on the 10-year were as high as 3.37 percent in March, before ending the quarter at 2.21 percent. Read more (PDF, new window).

Treasuries were stronger last week, after selling off the previous week. But with expectations for positive economic news this week — coupled with large 2-year, 5-year, and 7-year auctions — Treasuries could face some headwinds, especially on the short end of the curve. Read more now.

Last week brought the largest Treasury selloff in more than eight months, pushing yields up across the curve. The combination of
a slightly more positive outlook from the Federal Open Market Committee (FOMC) and strong bank stress tests helped push the
10-year above 3.34 percent for the first time since last summer. Read more now (PDF, new window)

Yields on 10-year Treasuries were back below 2 percent early Monday, after retreating to as high as 2.027 percent last Wednesday. The brief selloff came as markets perceived global news, both economic and political, to be more positive; however, with slower growth projections out of Europe and the uncertainty over Greece’s fate still wearing on investors, yields were pushed back down. Read more now.

Treasury yields were lower late last week and continued to move lower early Monday on strong demand during auctions and elevated concerns coming out of Europe after the G20 Summit decided not to extend funding to help the beleaguered region.

Read more now.

On Tuesday, Feb. 21, we learned that Greece will receive €130 billion in a bailout that is expected to return anywhere between
a 70-percent and a 74 percent loss to debt holders and require Greece to shrink its debt-to-gross domestic product ratio to
120.5 percent by 2020. Read more now in our Weekly Market Summary (PDF, new window).

Treasury yields were higher for most of last week on stronger employment numbers and optimism coming out of Europe. Late Sunday, we learned that Greece had voted into law austerity measures of up to €130 billion.

European equity markets reacted favorably to this news on Monday, and U.S. equity futures were looking higher before the market opened. Read more now (PDF, new window).