Yields tumble followng NFP miss


Treasury prices pop following the slight miss in the Nonfarm payroll print. TLT +1.25% and the 10-year Treasury yield falls to 2.87% (was 2.96% ahead of report).

Stock index futures move to session highs, the S&P 500 (SPY) +0.55%.

The headline miss was just 11K jobs, but July's 162K print was revised down to 104K, and June's 188K gain was cut to 172K.

S&P ETFs: IVV, SPY, VOO, RWL, SFLA, SSO, UPRO, SDS, SPXU, SH, EPS, RSP, BXUB, BXUC, BXDB.

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.

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Comments (5)
  • Swisser998
    , contributor
    Comments (151) | Send Message
     
    Up goes down, down goes up...
    6 Sep 2013, 08:55 AM Reply Like
  • Guardian3981
    , contributor
    Comments (2513) | Send Message
     
    Only in America does disapointing news mean your making more money. I guess we should all hope the recovery does not occur?
    6 Sep 2013, 08:56 AM Reply Like
  • danzada
    , contributor
    Comments (143) | Send Message
     
    I don't see how it can occur. Almost every release of statistics stinks of either manipulation (Let's revise how we calculate GDP!) or are just plain terrible when you consider the labor participation rate and the amount of underemployment.

     

    The whole recovery has been a joke, and DC isn't helping at all. We've more than extended the use of monetary supply at this point - now DC needs to enact some fiscal stimulus. Maybe we can get one of those shiny fast trains, or roads that are more road than pothole.
    6 Sep 2013, 09:18 AM Reply Like
  • The Geoffster
    , contributor
    Comments (4296) | Send Message
     
    There will be no recovery until all the bubbles are burst, the bad debts are written off and entitlements are vastly reduced. In other words, there will be no recovery. Bad news just results in more can kicking by the Fed in a desperate attempt to avoid the inevitable collapse. Syria is the fiscal side of can kicking. It is the final attempt of the financiers to retain control of a crumbling system.
    6 Sep 2013, 09:19 AM Reply Like
  • Milberg
    , contributor
    Comments (50) | Send Message
     
    Just in time, another opportunity to short the Long Bonds.
    6 Sep 2013, 09:48 AM Reply Like
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