ECB’s Wednesday operation seen as signal of liquidity, risk appetite
By Deborah Levine, MarketWatch
NEW YORK (MarketWatch) — Treasury prices edged higher Tuesday after a government report showed durable-goods orders fell more than expected in January.
Bonds had traded flat before the data, keeping yields near their lowest in three weeks, as investors await the European Central Bank’s lending operation on Wednesday. It’s expected to be a major indicator of liquidity and lending ability among European banks — and a major factor in whether investors feel confidence shifting into riskier assets and away from ones deemed safer.
Yields on 10-year notes 10_YEAR -0.88% , which move inversely to prices, fell 1 basis point to 1.92%. A basis point is one-hundredth of a percentage point.
By Deborah Levine, MarketWatch
NEW YORK (MarketWatch) — Treasury prices edged higher Tuesday after a government report showed durable-goods orders fell more than expected in January.
Bonds had traded flat before the data, keeping yields near their lowest in three weeks, as investors await the European Central Bank’s lending operation on Wednesday. It’s expected to be a major indicator of liquidity and lending ability among European banks — and a major factor in whether investors feel confidence shifting into riskier assets and away from ones deemed safer.
Yields on 10-year notes 10_YEAR -0.88% , which move inversely to prices, fell 1 basis point to 1.92%. A basis point is one-hundredth of a percentage point.
