Seeking Alpha

Treasurys gain ground after jobless claims

  • Even as claims of 333K come in below expectations of 336K, Treasury prices pick up a decent amount of ground in the minutes following the 8:30 report, TLT +0.3% and the 10-year yield off 2 basis points to 2.58%.
  • The 4-week moving average fell another 6.25K to 335.5K.
  • TBT -0.7%.
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Comments (2)
  • Flod
    , contributor
    Comments (129) | Send Message
     
    The 5-day MA is still high above the 50-day MA (TBT) and there is no downturn trend of 5-day MA. Yields on treasurers stay low and TBT shares at 74-76.
    8 Aug 2013, 11:43 AM Reply Like
  • Roy Manning III
    , contributor
    Comments (74) | Send Message
     
    With all the numbers coming in weak for jobs - could this push the Fed's taper back to December instead of September. I have a large position in TBT so I am patiently waiting for the taper.
    8 Aug 2013, 10:47 PM Reply Like
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