Free Republic
Browse · Search
General/Chat
Topics · Post Article

Skip to comments.

Treasury yields slide after U.S. data comes in below expectations
Marketwatch ^ | June 3, 2024 | Vivian Chen & Barbara Kollmeyer

Posted on 06/03/2024 7:24:54 AM PDT by Miami Rebel

Rates on U.S. government debt fell further Monday morning after construction- and manufacturing-related data came in below economists’ estimates.

In data released on Monday, U.S. construction spending fell 0.1% for the month of April versus economists’ forecast for a 0.2% gain.

In addition, the Institute for Supply Management’s manufacturing purchasing managers index came in at 48.7%, or below the median forecast of 49.6%, as the sector contracted for a second straight month.

Traders are looking ahead to Friday’s release of the official jobs report for May, which is expected to show a 178,000 gain versus 175,000 in the prior month, based on the median estimate from economists polled by The Wall Street Journal.

Meanwhile, Fed officials are in a silent period ahead of their June 11-12 meeting.

(Excerpt) Read more at marketwatch.com ...


TOPICS: Miscellaneous
KEYWORDS: bonds; inflation; jobs; treasurybonds; treasuryyields; unemployment

1 posted on 06/03/2024 7:24:54 AM PDT by Miami Rebel
[ Post Reply | Private Reply | View Replies]

To: Miami Rebel

Unexpected!


2 posted on 06/03/2024 7:25:42 AM PDT by dfwgator (Endut! Hoch Hech!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Miami Rebel
construction- and manufacturing-related data came in below economists’ estimates

It's the economy stupid.

3 posted on 06/03/2024 7:28:07 AM PDT by 1Old Pro
[ Post Reply | Private Reply | To 1 | View Replies]

To: Miami Rebel

Treasury rates down = treasury prices up.


4 posted on 06/03/2024 7:42:33 AM PDT by Tell It Right (Galatians 6:14 -- May I never boast except in the cross of our Lord Jesus Christ...)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Miami Rebel

Everything is going better than expected and everyone is still having a cow. Recessions are normal, periodic and necessary. Recessions aren’t the end of prosperity, they are the entryway to more of it.


5 posted on 06/03/2024 7:59:51 AM PDT by SaxxonWoods (Are you ready for Black Lives MAGA? It's coming.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Miami Rebel
This will hurt the everything is fine deep state people here.

.

Russia is now the fourth largest economy in the world – World Bank
6/2/24

"The World Bank has just updated its data on the size of the world’s economies where it states that since 2021, the Russian economy has become the fourth largest economy in the world, surpassing both Japan and Germany ..........."

Thanks, Joe Biden

6 posted on 06/03/2024 9:38:02 AM PDT by Karl Spooner
[ Post Reply | Private Reply | To 1 | View Replies]

To: Karl Spooner

A. The US president has little to do with a foreign country’s economy.

B. The World Bank’s ratings of countries by GDP are:

1. US

2. China

3. Japan

4. Germany

5. India

6. UK

7. France

8. Russia

9. Canada

10. Italy

(Source: World Bank (World Development Indicators, July 25, 2023

Of those top ten countries, Russia is the ONLY one showing negative growth.


7 posted on 06/03/2024 10:12:10 AM PDT by Miami Rebel
[ Post Reply | Private Reply | To 6 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
General/Chat
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson