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Treasury Rally Stalls at Start of Data-Packed Week: Markets Wrap

Treasury Rally Stalls at Start of Data-Packed Week: Markets Wrap

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Treasury rally stalls at start of Data-Packed week. The world’s biggest bond market got hit while stocks saw mild gains as traders braced for a barrage of economic data and remarks from Federal Reserve speakers that will help shape the outlook for interest rates. Treasuries dropped across the curve, erasing most of the month-end gains accumulated at the end of Friday’s holiday-shortened session. A heavy slate of new corporate bond offerings was also a factor. With no US auctions slated until Dec. 10, focus is on the first major indicators for November — including Monday’s manufacturing and the jobs report […]

The post Treasury Rally Stalls at Start of Data-Packed Week: Markets Wrap appeared first on Vladimir Ribakov.

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