Bonds July 9, 2008
Treasury prices ended higher today in an apparent flight to safety, as stocks got hammered amid financial woes. The 30-year bond yield slid 2 basis points to 4.43%, while the 10-year note was down 5 basis points to 3.83%.
Shorter term treasuries benefit the most from turmoil in the Stock Markets. Yield on the 5-year note dropped by 8 basis points to 3.11%, while the 2-year note gave up 6 basis points to 2.41%.
The slope of the yield curve increased a little today.
| Index | Close | Today’s Chg | One Week | One Month | Three Months | Six Months | One Year |
| US 30-Year Bond | 4.428 | -0.63% | -2.55% | -4.18% | 2.83% | 1.68% | -13.72% |
| US 10-Year Note | 3.834 | -1.19% | -3.96% | -3.96% | 10.62% | -0.16% | -23.90% |
| US 5-Year Notes | 3.107 | -2.02% | -7.00% | -8.29% | 20.33% | -1.58% | -37.05% |
| US 90-Day Bills | 1.79 | -1.65% | -2.19% | -3.24% | 39.84% | -43.35% | -62.79% |
| Federal Funds Rate | 2.00 | 0.00% | 0.00% | 0.00% | -11.11% | -52.94% | -61.90% |
Yield charts for 30-Year and 10-Year US Treas Bonds, 5-Year US T-Notes, 90-Day T-Bills and Federal Funds Rate.
Current Outlook
| Index | Short Term | Long Term |
| US 30-Year Bond | Bullish | Bullish |
| US 10-Year Note | Bullish | Bullish |
| US 5-Year Notes | Bullish | Bullish |
| US 90-Day Bills | Bearish | Bullish |
July 10th, 2008 at 12:27 am
[...] refer to respective posts for more details on Stocks, Bonds and [...]