AGL 40.00 Decreased By ▼ -0.01 (-0.02%)
AIRLINK 127.00 Decreased By ▼ -0.99 (-0.77%)
BOP 6.68 Increased By ▲ 0.08 (1.21%)
CNERGY 4.49 Decreased By ▼ -0.11 (-2.39%)
DCL 8.60 Increased By ▲ 0.12 (1.42%)
DFML 41.30 Decreased By ▼ -0.18 (-0.43%)
DGKC 86.71 Increased By ▲ 0.13 (0.15%)
FCCL 32.16 Increased By ▲ 0.02 (0.06%)
FFBL 64.70 Decreased By ▼ -0.72 (-1.1%)
FFL 10.29 Increased By ▲ 0.04 (0.39%)
HUBC 109.51 Decreased By ▼ -0.98 (-0.89%)
HUMNL 14.90 Increased By ▲ 0.15 (1.02%)
KEL 5.05 Decreased By ▼ -0.08 (-1.56%)
KOSM 7.40 Increased By ▲ 0.28 (3.93%)
MLCF 41.39 Decreased By ▼ -0.26 (-0.62%)
NBP 60.60 Increased By ▲ 0.51 (0.85%)
OGDC 190.00 Decreased By ▼ -4.69 (-2.41%)
PAEL 27.81 Decreased By ▼ -0.14 (-0.5%)
PIBTL 7.75 Decreased By ▼ -0.25 (-3.13%)
PPL 149.75 Decreased By ▼ -1.42 (-0.94%)
PRL 26.73 Decreased By ▼ -0.15 (-0.56%)
PTC 16.18 Increased By ▲ 0.18 (1.13%)
SEARL 86.02 Increased By ▲ 7.82 (10%)
TELE 7.72 Increased By ▲ 0.33 (4.47%)
TOMCL 35.58 Decreased By ▼ -0.09 (-0.25%)
TPLP 8.14 Increased By ▲ 0.23 (2.91%)
TREET 16.51 Increased By ▲ 0.62 (3.9%)
TRG 53.35 Increased By ▲ 0.59 (1.12%)
UNITY 26.28 Decreased By ▼ -0.27 (-1.02%)
WTL 1.26 Decreased By ▼ -0.01 (-0.79%)
BR100 9,889 Decreased By -31.1 (-0.31%)
BR30 30,611 Decreased By -140.9 (-0.46%)
KSE100 93,355 Increased By 130.9 (0.14%)
KSE30 28,931 Increased By 46 (0.16%)

US Treasury yields fell on Thursday on safety buying as stocks dropped and as investors saw recent weakness in bonds driven by heavy corporate issuance as an opportunity to add positions at higher yields. World shares fell for a fifth straight day, with emerging market stocks in their sixth day of declines.
"A portion of (the Treasury rally) is supported by the general 'risk off' move across all risk assets," said Mike Lorizio, head of Treasuries trading at Manulife Asset Management in Boston. Higher yields after a week of heavy corporate debt issuance also enticed some buyers into the bonds.
"There are some participants that felt like the 7- to 30-year part of the curve has absorbed such an impact from this excessive issuance that it now presents as a buying opportunity," Lorizio said. Benchmark 10-year notes rose 8/32 in price to yield 2.873 percent, down from 2.902 percent on Wednesday.
The next economic focus for investors is Friday's US employment report for August, which will be evaluated for further indications on wage inflation and the strength of the labour market. US private employers added 163,000 jobs during August, according to the ADP National Employment Report on Thursday.
"It was a little bit less than consensus but the general trend seems to be a continued pickup in jobs," said Subadra Rajappa, head of US rates strategy at Societe Generale in New York. Other data showed that the number of Americans filing for unemployment benefits fell to near a 49-year low last week.
"Generally the data is on the positive side," Rajappa said. Trade tensions remained in view, with US President Donald Trump gearing up to impose tariffs on $200 billion in Chinese goods and Beijing certain to retaliate against any measures.
Investors were also watching for developments as the United States and Canada resume talks about revamping the North American Free Trade Agreement. Canada insisted there was room to salvage the pact despite few signs a deal was imminent. The US Treasury said on Thursday that it will sell $73 billion in notes and bonds next week including $35 billion in three-year notes, $23 billion in 10-year notes and $15 billion in 30-year bonds.

Copyright Reuters, 2018

Comments

Comments are closed.