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Treasurys slip a hair following solid GDP print

  • Consumer spending grew 3.3% in Q4, the fastest clip in some memory and up from 2% in Q3. Non residential fixed investment grew 3.8% vs. 4.8% previously. Government spending fell 12.6% vs. a 1.5% decline in Q3. Real final sales grew 2.8% vs. 2.5% in Q3.
  • For the year, real GDP increased 1.9% vs. 2.8% in 2012. The price index rose 1.2% vs. 1.7%.
  • Treasury prices are slightly weaker than before the report, the 10-year yield up three basis points to 2.71%.
  • This is just the first estimate for Q4 GDP and the revisions are often big ones.
  • TLT -0.3%, TBT +0.6%
  • Long-duration Treasury ETFs: TBT, TLT, TMV, TBF, EDV, TTT, TMF, ZROZ, SBND, TLH, DLBS, VGLT, UBT, TLO, LBND, TENZ, TYBS, DLBL
  • Full GDP report
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Comments (5)
  • bbro
    , contributor
    Comments (10586) | Send Message
     
    Y-o-Y Nominal GDP growth ex government...5.38%
    30 Jan 2014, 08:51 AM Reply Like
  • scrapeape
    , contributor
    Comments (4) | Send Message
     
    Source / method?
    30 Jan 2014, 12:11 PM Reply Like
  • bbro
    , contributor
    Comments (10586) | Send Message
     
    http://1.usa.gov/tJ2WiY
    30 Jan 2014, 02:00 PM Reply Like
  • scrapeape
    , contributor
    Comments (4) | Send Message
     
    Thanks!
    30 Jan 2014, 03:21 PM Reply Like
  • notta lackey
    , contributor
    Comments (131) | Send Message
     
    Government spending fell 12.6%. Do that for about 2 years and we will have a recovery.
    31 Jan 2014, 03:10 PM Reply Like
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