Treasuries slide as investors shun 10-year sale at lower yields

Quick Summary:

To strategists at Goldman Sachs, US yields are “probably too low in the absence of sufficient evidence that “an acute deterioration is underway in either the labor market or in market function.

But with the labor market slowing and the Fed about to shift to easing mode, we look for yields to push lower and the curve to steepen over a longer horizon.

Recent US jobs data and an interest-rate hike from the Bank of Japan had roiled global markets, driving investors into haven assets.

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Article Details

Author / Journalist: BusinessMirror

Category: BusinessStartups

Markets: PhilippinesJapanMali

Topics: Investors Basis Global Market Auction Data Treasuries Points Week 10-year Yields

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-08 @ 11:06:31 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 708 words

Reading Time: 4 minutes read

Sentences: 24 lines

Sentence Length: 30 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 21983214

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About Business Mirror

Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

Update Frequency: 15 posts per day

Year Established: 2005

Headquarters: Philippines

News Last Updated: 11 hours ago

Coverage Areas: Philippines

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #37

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