AGL 40.10 Decreased By ▼ -0.90 (-2.2%)
AIRLINK 127.80 Decreased By ▼ -0.34 (-0.27%)
BOP 6.60 Decreased By ▼ -0.10 (-1.49%)
CNERGY 4.60 Increased By ▲ 0.08 (1.77%)
DCL 8.58 Decreased By ▼ -0.03 (-0.35%)
DFML 41.40 Increased By ▲ 0.31 (0.75%)
DGKC 86.50 Decreased By ▼ -0.63 (-0.72%)
FCCL 32.13 Decreased By ▼ -1.26 (-3.77%)
FFBL 65.40 Decreased By ▼ -0.01 (-0.02%)
FFL 10.27 Decreased By ▼ -0.20 (-1.91%)
HUBC 110.60 Decreased By ▼ -0.03 (-0.03%)
HUMNL 14.70 Decreased By ▼ -0.60 (-3.92%)
KEL 5.15 Increased By ▲ 0.17 (3.41%)
KOSM 7.15 Decreased By ▼ -0.28 (-3.77%)
MLCF 41.69 Decreased By ▼ -1.30 (-3.02%)
NBP 60.20 Decreased By ▼ -0.22 (-0.36%)
OGDC 194.48 Decreased By ▼ -3.16 (-1.6%)
PAEL 27.95 Decreased By ▼ -1.06 (-3.65%)
PIBTL 7.98 Decreased By ▼ -0.28 (-3.39%)
PPL 150.52 Decreased By ▼ -3.64 (-2.36%)
PRL 27.08 Increased By ▲ 2.08 (8.32%)
PTC 16.08 Decreased By ▼ -0.01 (-0.06%)
SEARL 78.20 Decreased By ▼ -0.25 (-0.32%)
TELE 7.42 Increased By ▲ 0.05 (0.68%)
TOMCL 35.70 Decreased By ▼ -0.39 (-1.08%)
TPLP 7.90 Decreased By ▼ -0.17 (-2.11%)
TREET 15.87 Decreased By ▼ -0.09 (-0.56%)
TRG 52.70 Decreased By ▼ -0.66 (-1.24%)
UNITY 26.65 Decreased By ▼ -0.06 (-0.22%)
WTL 1.28 Increased By ▲ 0.01 (0.79%)
BR100 9,920 Decreased By -52.1 (-0.52%)
BR30 30,751 Decreased By -346.3 (-1.11%)
KSE100 93,225 Decreased By -423.8 (-0.45%)
KSE30 28,885 Decreased By -132.9 (-0.46%)

US Treasury debt prices climbed moderately on Monday as unusually specific terrorism alerts from the Homeland Security Department gave safe-haven government debt a positive tilt.
Bonds largely shrugged off a report on US factories reflecting both strong output for July and a mild pullback in hiring for the sector. Overall, the market's muted response to both the threat of attacks and the day's economic news underlined a tight trading range that traders said is likely to persist at least until the release of Friday's US July jobs report.
The benchmark 10-year note was up 6/32 in price, lowering its yield to 4.45 percent from 4.48 percent on Friday.
The Institute for Supply Management's business activity index rose to 62.0 in July from 61.1 in June, in line with the median forecast. However, many had been looking for a higher number after the Chicago PMI beat all expectations last week.
Still, the report was upbeat by most standards and there was little follow-through buying of Treasuries in its wake.
"The report sends a strong signal that manufacturing and output will expand at a rapid clip in the third quarter," said Jayanth Nazareth, an economist at J.P. Morgan in New York.
The ISM survey's employment index dipped, but at 57.3 was still strong by historical standards and should not change analysts' forecasts for a sizeable rise in payrolls for July. For now, two-year notes were up 2/32, their yield having eased to 2.65 percent from 2.69 percent on Friday. Five-year notes added 4/32, nudging yields to 3.67 percent from 3.69 percent.
Thirty-year bonds gained 5/32, taking their yield to 5.19 percent from 5.20 percent.
Upcoming supply should also tend to keep Treasury yields from easing much further. The government's quarterly refunding - probably comprised of around $54.0 billion in three-, five- and 10-year notes - is scheduled to take place next week.
The United States raised its security alert level to high on Sunday after intelligence suggested a threat against the International Monetary Fund and World Bank in Washington and the New York Stock Exchange, Department of Homeland Security chief Tom Ridge said.

Copyright Reuters, 2004

Comments

Comments are closed.