NEW YORK, April 17- U.S. Initial claims for state unemployment benefits ticked up 2,000 to a seasonally adjusted 304,000 for the week ended April 12, the Labor Department said on Thursday. The Philadelphia Federal Reserve Bank also said factory activity in the U.S. mid-Atlantic region picked up in April at a faster clip than expected.» Read More
Municipal bonds are headed for their worst month in over four years, but some experts think this may be a good time to buy.
Treasury prices surged as investors scrambled for safety after signs the economy may be spiraling into a recession and fears that the housing sector has not yet hit bottom.
Shorter-dated U.S. government bond prices were steady at lower levels on Wednesday after relatively weak demand in an auction of $26 billion of 2-year Treasury notes.
Treasury prices rose as fears about the deteriorating economy and an unwillingness to take risks gained an edge over worries about rising inflation.
Treasury prices fell on signs that a much-touted bond insurer bailout plan would pan out, although trading was indecisive ahead of congressional testimony by the Federal Reserve chief later in the week.
Treasury prices were higher Friday as wary investors once more elected to play it safe by buying government bonds and selling stocks.
Treasurys rallied after a weaker-than-expected manufacturing report underscored the outlook for a weaker economy and easier monetary policy.
Crude passed the century mark Tuesday and closed above it for the first time, setting off speculation about just how high prices could go and where a realistic level of support may lie.
US government debt prices were flat Wednesday, trimming earlier gains, as the stock market's move into positive territory dimmed the safe-haven appeal of bonds.
The benchmark 10-year Treasury note fell one full point in price Tuesday, as rising stocks curbed the safe haven appeal of U.S. government bonds, traders said.
Banks and other lenders-- from the nation's largest to those with only a few branches-- say they are tightening lending standards, and not just for home loans.
Treasury debt prices rose as a series of bleak reports suggested the economy may have tipped toward recession, boosting the allure of safe-haven government bonds.
Investors are shying away from municipal bonds, forcing states and cities around the nation to pay sharply higher interest rates.
Long-dated government bond prices slid Thursday after a report showing growing exports exacerbated worries that inflation could get out of hand if the Federal Reserve keeps cutting interest rates, as signaled by the central bank's chief.
U.S. Treasury bond prices turned mixed Wednesday as credit worries offset pressure from an unexpected increase in January retail sales.
Treasury bond prices slid after billionaire investor Warren Buffett offered to take over some liabilities of bond insurers, easing a critical concern that has inspired flight-to-safety bond purchases.
Treasury debt prices rose Monday as investors sought a safe haven for their assets in continued worries that a housing-led slowdown could be dragging the U.S. economy into recession.
Treasury debt prices rallied, recovering from their worst rout in four years as recession fears and worries about credit markets restored the allure of safe-haven government bonds.
Long bonds tumbled more than three full points on Thursday as selling accelerated following a poorly received auction of 30-year U.S. Treasurys.
Treasury debt prices fell Wednesday as investors took profits from a rally that has pushed yields to four-year lows amid fears of a possible U.S. recession.