U.S. government debt yields moved lower Friday as investors digested more somber economic data.
The yield on the benchmark 10-year Treasury note fell 2 basis points to 0.595% while the yield on the 30-year Treasury bond also declined 4 basis points to 1.256%. Yields move inversely to prices.
Cheltuielile consumatorilor au scăzut cu 16.4% în aprilie, deoarece coloana vertebrală a economiei americane s-a redus pe fondul pandemiei de coronavirus, potrivit unui raport guvernamental de vineri.
Economiștii chestionați de Dow Jones se așteptau ca numărul de vânzări cu amănuntul avansat să scadă cu 12.3% după ce scaderea de 8.3% raportată în martie a stabilit deja un record pentru datele din 1992. Cifrele din martie au fost revizuite pentru a nu fi la fel de proaste ca cele 8.7% raportate inițial.
Nervous investors are keeping a close eye on the U.S. jobs market. U.S. jobless claims totaled 2.981 million last week, lifting the total number of unemployment insurance claims filed during the coronavirus crisis to nearly 36.5 million — by far the biggest loss of jobs over a similar period in U.S. history.
More than 4.4 million coronavirus cases have been confirmed globally, according to data from Johns Hopkins University. The infection rate has been explosive in the United States, where there have been 1.4 million known cases.
Yields began their decline earlier this week after Federal Reserve Chairman Jerome Powell warned of “significant downside risks” from the coronavirus pandemic. The Fed chief’s gloomy outlook has investors debating whether the U.S. central bank could make another big policy move soon.
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