Seeking Alpha

Treasurys reverse loss after weak durable goods

  • Gotta be the weather. Treasury prices quickly erase a sizable early-morning loss after December durable goods misses expectations by a wide margin. The headline number slipped 4.3% vs. expectations for a 1.6% rise and the ex-transports fell 1.6% vs. an expected 0.7% rise.
  • The 10-year Treasury yield is now flat at 2.75%. TLT +0.2%, TBT -0.5%.
  • Long-dated Treasury ETFs: TBT, TLT, TMV, TBF, EDV, TTT, TMF, ZROZ, SBND, TLH, DLBS, VGLT, UBT, TLO, LBND, TENZ, TYBS, DLBL
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Comments (2)
  • Guardian3981
    , contributor
    Comments (2137) | Send Message
     
    I think weather can play some role. I live in WNY, the past couple weeks I have pretty much done nothing but the very basics. I don't feel like any extra shopping or getting together with friends for a drink, dinner, etc.

     

    While I think the weather may enhance these numbers I don't think its completly to blame either.
    28 Jan 2014, 08:50 AM Reply Like
  • notta lackey
    , contributor
    Comments (131) | Send Message
     
    Excessive cold makes weak appliances, cars, etc. fail more, not less, often. The people that have to buy them will greatly offset the people that don't get around to it.
    30 Jan 2014, 03:40 PM Reply Like
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