Treasury Secretary Jacob Lew won’t win any prizes in penmanship, but his official signature which will go on the nation’s currency is at least a slight improvement over the loopy scrawl he had a few months ago.
|Key barometers in the Treasury market late Tuesday, compared with late Monday. Price changes in the 10-year note and 30-year bond are per $100 invested: |
|Prices Today Previous Session |
|10-year note _3.1 cents _43.8 cents |
|30-year bond +18.8 cents _84.4 cents |
|Yields --- --- |
|1-month bill 0.03 0.03 |
|3-month bill 0.04 0.04 |
|6-month bill 0.08 0.08 |
|2-year note 0.27 0.27 |
|5-year note 1.06 1.06 |
|10-year note 2.19 2.18 |
|30-year bond 3.34 3.35 |
|Inflation note 0.06 0.08 |
|Federal Funds 0.11 0.10 |
|Municipal Bonds (1) 4.51 4.49 |
|1. Bond Buyer index of 40 actively traded municipal bonds. |
Chrysler abruptly agreed to recall 2.7 million older model Jeeps Tuesday, reversing a defiant stance and avoiding a possible public relations nightmare over fuel tanks that can rupture and cause fires in rear-end collisions.
ONE DIRECTION: All the major U.S. stock indexes were up Tuesday. Reports of increased home building and low inflation helped boost the market, but the Federal Reserve’s Wednesday afternoon news conference was top of mind for many investors.
U.S. stocks moved higher Tuesday, boosted by reports about increased home building and low inflation. But the real emphasis was on the Federal Reserve, which on Wednesday should reveal more about how long it expects to keep in place its programs meant to support the economy.
It’s all about the Fed. Still.