Tag: Yahoo Finance

Treasury Bulls’ Swagger Undiminished as Focus Shifts to Growth

(Bloomberg) -- Bond investors may get a chance next week to contemplate the soft spots in the U.S. economy rather than a geopolitical precipice. Either way, Treasury bulls have little to fear.For now, haven buying of government debt has subsided as the U.S. and Iran appear to have backed away from escalating their conflict. The 10-year Treasury yield, the world’s borrowing benchmark, is around 1.82% -- the midpoint of its roughly 20-basis-point range this month. Yields sank on Friday, with the trigger coming from weaker-than-expected American jobs data.The coming week features the signing of the so-called phase one of a U.S.-China trade deal and the expected beginning of President Donald Trump’s Senate impeachment trial. Both are unfinished business, but they may not have much market-moving potential. That puts the spotlight on economic news, even the best of which -- such as strong services-sector figures -- hasn’t done much to roil Treasuries...