US debt prices fall on significant employment rise

first_img Share Wednesday 5 January 2011 1:05 pm by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’Definitionthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen Herald Show Comments ▼ NEWS of the huge jump in US private employment in December has caused US government bond prices to drop substantially.Treasury prices sold off after ADP Employer Services said US private employers added 297,000 jobs, three times greater than forecast.Prices reduced further after the Fed bought only $1.5bn in bonds ranging from 17 to 29 years in maturity. The central bank had said it would buy between $1.5bn and $2.5 bn in Treasuries on Wednesday.“The lacklustre buyback had a negative effect on the marketplace,” said Tom di Galoma, head of fixed income rates trading at Guggenheim Securities in New York.The Fed purchases were part of a $600bn programme by the central bank to buy Treasuries and stimulate the economy. Some analysts think the Fed could curtail the program if the economy improves enough before the purchases are completed.The ADP jobs report offered a brighter picture of the U.S. labour market shortly before Friday’s Labour Department survey of employers on non-farm payroll jobs in December.“You cannot ignore the strength of this report. As a consequence of this report, we are taking our payrolls estimate higher for sure,”” said Tom Porcelli, US economist at RBC Capital Markets in New York.The payrolls number is one of the most closely watched economic indicators, and the US unemployment rate heavily influences the Fed’s monetary policy.ADP said the December increase was the largest single gain since it began releasing the data in 2000. Tags: NULL US debt prices fall on significant employment rise center_img More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFort Bragg soldier accused of killing another servicewoman over exthegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comColin Kaepernick to publish book on abolishing the whatsapp whatsapp alison.lock last_img