The past two months saw treasuries recover from the the world’s worst performing rank for bonds as U.S. economic data figures missed experts anticipated marks by the most since July.
Debt due in 10 years and more increased 4.1 percent in the period, No. 34 of 144 indexes compiled by the European Federation of Financial Analysts Societies and Bloomberg. Securities lost the most of all in 2013 recording a huge 90.2 percent drop. The Citigroup Economic Surprise Index dropped to negative 3.8 yesterday as economic data came in at levels below analysts’ expectations. While following the Fed’s meeting policy makers talked of “underlying strength” in the American economy, two Federal Reserve officials so far this week spoke of prolonged stimulus to spur the economy.
Benchmark 10-year yields were little changed at 2.60 percent as of 6:51 a.m. in London, according to Bloomberg Bond Trader data. The price of the 2.5 percent note due in August 2023 was 99 1/8.
The yield has fallen from 2.99 percent on 5th September, which was the highest close this year. It has remained below its average of 3.51 percent over the past decade.