Deutsche Bank AG was one of the few firms surveyed by Bloomberg in January to correctly predict the worst rout in the U.S. Treasury market since 2009. Now, Germany’s largest lender says it’s time to buy.
Treasury 10-year notes fell the most in two months this week as two gauges of U.S. economic activity expanded at faster-than-forecast paces, weakening the case for the Federal Reserve to maintain stimulus.
Treasury 10-year note yields rose to the highest levels in three weeks after a gauge of U.S. manufacturing expanded at a faster pace than forecast, weakening the case for the Federal Reserve to maintain stimulus.
Global equities completed the biggest back-to-back monthly gain in almost two years, beating all other assets in October, as U.S. lawmakers avoided a debt default and investors speculated the Federal Reserve will maintain stimulus.
Treasury 10-year note yields touched the highest level in more than a week after business activity expanded at the fastest pace in more than two years, adding to speculation the Federal Reserve’s stimulus is working.
Treasuries fell, pushing yields on benchmark 10-year notes up from almost three-month lows, after the Federal Reserve said policy makers see improvement in economic activity while maintaining monthly bond purchases.
Treasury five-year yields fell to almost the lowest since June after the U.S. sold $35 billion of the securities a day before the Federal Reserve is expected to announce it will continue its bond-buying program.
U.S. government bonds are acting more like equities than any time since before the credit crisis, making Treasuries a hidden risk to investors becalmed by the prospect of the Federal Reserve prolonging stimulus into 2014.