The allure of distressed debt has grown so strong that Wall Street's biggest money managers are picking over their carcasses, suggesting the worst of the credit crisis may be over.
U.S. Treasury debt prices jumped sharply Thursday, adding to gains on strong demand at a $10 billion auction of 30-year government bonds. The auction was helped by recent sharp declines in energy prices that are alleviating some inflation concerns, analysts said.
U.S. government debt prices fell Wednesday as investors sold Treasurys to make room for $17 billion of new 10-year debt and unwound mortgage-related hedges after Freddie Mac unveiled steps to boost capital.
U.S. Treasury debt prices slipped on Tuesday after the Federal Reserve held its fed funds target rate steady at 2 percent, as many bond investors had expected.
U.S. Treasury debt prices inched down Monday as a higher-than-expected core inflation reading and the prospect of more supply made investors cautious.
U.S. Treasury debt prices were little changed Friday after data on jobs and manufacturing portend tougher times ahead for the economy and reinforced the notion the Federal Reserve will leave interest rates alone.
The U.S. Treasury market rallied Thursday after disappointing data on growth and jobs renewed concerns about the economy, leading investors to favor low-risk government bonds over stocks.
Treasury debt prices turned higher Wednesday, erasing earlier losses, as U.S. stocks pared gains, restoring government bonds' safe-haven appeal.
U.S. government debt prices fell Tuesday after a modest uptick in consumer confidence and as falling oil boosted stocks, eroding Treasurys' safe-haven appeal.
Many might be wondering why it is that Treasuries are trading well today. The answer really should be: why are equities trading so poorly. I do not see anything unusual in the way Treasuries are acting, but here goes.
U.S. Treasury debt prices rose Monday as the failure of two small banks over the weekend renewed jitters about the financial sector and spurred safety bids for bonds.
U.S. government debt prices trimmed losses Friday after Standard & Poor's said it may downgrade some of the credit ratings of Fannie Mae and Freddie Mac, spurring a brief flurry of safe-haven bids.
The 30-year Treasury bond rose more than 1 point in price Thursday, as stock market losses deepened on economic growth worries due to higher oil prices and weaker-than-expected existing-home sales data.
U.S. Treasury debt prices held steady at lower levels Wednesday, after average demand for a record $31 billion offering of two-year notes.
U.S. Treasury debt prices extended losses Tuesday after a $6 billion auction of reopened 20-year Treasury Inflation Protected Securities garnered soft demand, traders said.
U.S. Treasury debt prices eased Monday as another big bank posted better-than-expected quarterly results, soothing worries about the financial sector and sapping any safe-haven bids for government debt.
U.S. Treasurys prices fell Friday as better-than-expected bank sector earnings prompted investors to turn away from lower-risk debt.
U.S. Treasurys prices fell Thursday as news that housing starts jumped in June and jobless claims rose less than expected in the latest week boosted prospects for a Federal Reserve rate hike by year-end.
U.S. Treasurys prices fell Wednesday after U.S. inflation accelerated in June to 5.0 percent year-over-year, well above economists' forecasts.
Treasury debt prices pared some gains Tuesday, losing some of their safe haven allure, as U.S. stocks rebounded, traders said, amid a recovery of financial shares and as the crude oil price slid.