Treasury prices slide following housing starts


The 10-year Treasury yield rises 3 basis points to 2.87% after November housing starts' surprising rise to a seasonally adjusted rate of 1.091M, 22% above the revised October rate of 889K, and up 29.6% from a year ago.

Of that 1.091M, 727K were single-family starts, up 20.8% from October.

Building permits of 1.007M were 3.1% lower than October, and 7.9% higher than a year ago. Single-family building permits of 634K were up 2.1% from October.

TLT -0.5%, TBT +1% premarket

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Comments (3)
  • thodoris91
    , contributor
    Comments (61) | Send Message
     
    why TLT and TBT have different returns? aren't they both about 20yr treasuries?
    18 Dec 2013, 09:34 AM Reply Like
  • SA Editor Stephen Alpher
    , contributor
    Comments (561) | Send Message
     
    TBT is a double-levered short ETF
    18 Dec 2013, 09:41 AM Reply Like
  • thodoris91
    , contributor
    Comments (61) | Send Message
     
    thank you
    18 Dec 2013, 10:15 AM Reply Like
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