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Bond Yields Fall on Ukraine Worries, Weaker US Data

FILE PHOTO. The headquarters of the United States Department of the Treasury in Washington DC, USA. August 6, 2018. REUTERS/Brian Snyder/File

By Karen Brettell

NEW YORK, Feb 17 (Reuters) – Treasury yields fell on Thursday on concerns about a possible Russian invasion of Ukraine and after U.S. economic data came in weaker than economists expected. .

* Treasuries have been caught in a tug-of-war as expectations of aggressive Fed tightening push yields higher while headlines about Russia-Ukraine escalation dent appetite by risk and provoke the periodic purchase of debt as a safe haven.

* Russia has expelled US deputy ambassador Bartle Gorman and Washington will respond to the move, the RIA news agency quoted the US mission in Moscow as saying on Thursday.

* There are “negative geopolitical headlines and a stock market that doesn’t necessarily look all that healthy right now,” said Tom di Galoma, managing director of Seaport Global Holdings in New York, adding Thursday’s data “was weaker overall “.

* The number of Americans filing new jobless claims unexpectedly rose last week, while US homebuilding fell more than expected in January as many parts of the country experienced frigid temperatures.

* The Philadelphia Fed manufacturing index also fell in February.

* Benchmark 10-year yields fell 5 basis points to 1.996%.

* Returns hit a two-and-a-half-year high of 2.065% on Wednesday, before the Fed released minutes from its January meeting, which contained no new information on the US central bank’s plans to raise rates and cut interest rates. your balance.

* The yield curve between two-year and 10-year notes has steepened to 49 basis points, after hitting 38 basis points on Monday, which was the flattest since July 2020.

(Reporting by Karen Brettell; Editing in Spanish by Javier Leira)

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