real-time news and commentary for investors
Friday, Sep 13
Treasurys reverse losses after soft economic data
- A couple of soft economic reports have helped Treasurys shrug off early losses tied to the rumored Summers Fed appointment. The 10-year yield is off 2 basis points to 2.89% and TLT +0.6%.
- The University of Michigan Consumer Sentiment Index unexpectedly dropped this month, and core retail sales showed anemic growth.
- The big action is at the short end - off sharply earlier, Eurodollar futures have moved into green territory. Continuing to love the volatility in the Eurodollar pits is the CME, now ahead by 43% YTD.
- Treasury ETFs: TLH, TLT, IEF, DTYL, DLBL, ILTB, TENZ, ITE, TLO, EDV, VGIT, VGLT, TMF, TYD, LBND, UBT, UST, TMV, TYO, DSTJ, DSXJ, SBND, PST, TBT, DTYS, DLBS, TBF, TTT, TYNS, TYBS, TBX, SHY, SHV, IEI, BIL, TUZ, FIVZ, DTUL, VGSH, DTUS, DFVS, DFVL, SST, ISTB, TBZ.