T. Rowe Price US Treasury Long-Term
Do US Economic Indicators Support a Rate Hike?
US economic growth was revised to 0.8% in the second reading of GDP for 1Q16 compared to the previous month’s 0.5%.
What Economic Data Does a June Rate Hike Depend On?
Robert S. Kaplan of the Federal Reserve Bank of Dallas said, “The U.S. economy is strong enough to justify an interest-rate hike in the ‘not too distant future,’ but increases will be very gradual.”
Why Fundamental Market Demand Rose for 5-Year Treasury Notes Auction
Mutual funds like the Vanguard GNMA Fund – Investor Shares (VFIIX) and the T. Rowe Price US Treasury Long-Term Fund (PRULX) invest in five-year Treasury notes.
FOMC Minutes: Why Were Policymakers Divided?
The Federal Open Market Committee’s (or FOMC) meeting minutes from its March policy meeting were released after a gap of three weeks on April 6.
How Have Treasuries Fared since the Fed’s March Policy Statement?
The yield on the benchmark ten-year Treasury note stood at 1.97% on March 15, a day before the March policy statement. The next day, it fell just 3 basis points.
How Are Fixed Income Mutual Funds Looking 2 Months into 2016?
Except for high yield and floating-rate funds, other types of fixed income mutual funds have posted positive returns year-to-date in 2016.
Treasury Yields Rise on Upbeat Consumer Inflation Data
US Treasury yields rose across the yield curve after upbeat consumer inflation data suggested that the Fed may hike interest rates earlier than expected.
Overall Demand Rose for 10-Year Treasury Notes
On December 9, $21 billion worth of ten-year Treasury notes were auctioned. This was $3 billion lower than the previous month.
10-Year T-Notes: Highest Yield Since December 2014
The US Department of the Treasury conducts an auction for ten-year T-notes once a month. The yield on the ten-year T-notes is a benchmark in the financial markets.
Indirect Bidders Lose Interest in 4-Week Treasury Bills
The percentage of indirect bids for 4-week T-bills fell to 20.0% from 29.9% week-over-week. Indirect bidders include foreign central banks.
Why Direct Bidders Returned to Participate in the 30-year Treasury Bond Auction
The monthly auction for 30-year Treasury bonds was held on October 8, 2015, for $13 billion—the same as in the previous month. The high yield fell to 2.91%.
Bid-to-Cover Ratio Surges for Five-Year Treasury Notes
Following the auction of five-year Treasury notes, yield in the secondary market rose marginally by 3 basis points from the previous day. Yield ended September 23 at 1.47%.