Fluctuation In Treasury Bonds
March 28, 2008
The market for Treasury bonds has been extensively fluctuating since Friday, when they opened low and moved up to make gains later in the day. Speculation is that the low sales figures and conservative inflation has driven bonds lower.
At this stage, the benchmark for 10 year bonds has reduced by 0.01%, leading to a return of 3.529%. This was prior to the release of data which has shown that the yield price, which is converse to the price, is currently at 3.538%.
A third consecutive month of lower sales figures was reported by the Commerce Department, whilst inflation seems to be leveling out. Prices for consumers have risen by 0.1% for January alone, along with a 0.1% rise in core consumer prices - core excludes food and energy prices - which was predicted by economists.
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