{"id":12114,"date":"2021-07-22T19:14:59","date_gmt":"2021-07-22T19:14:59","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/07\/22\/treasuries-regain-ground-following-recent-pullback\/"},"modified":"2021-07-22T19:14:59","modified_gmt":"2021-07-22T19:14:59","slug":"treasuries-regain-ground-following-recent-pullback","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/07\/22\/treasuries-regain-ground-following-recent-pullback\/","title":{"rendered":"Treasuries Regain Ground Following Recent Pullback"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> Following the sharp pullback seen over the course of the two previous sessions, treasuries regained some ground during trading on Thursday.<\/p>\n<p>Bond prices pulled back off their best levels in afternoon trading but still closed in positive territory. As a result, the yield on the benchmark ten-year note, which moves opposite of its price, dipped by 1.5 basis points to 1.265 percent.<\/p>\n<p>The rebound by treasuries came following the release of mixed economic data, including a report from the Labor Department showing an unexpected increase in initial jobless claims in the week ended July 17th.<\/p>\n<p>The Labor Department said initial jobless claims climbed to 419,000, an increase of 51,000 from the previous week&#8217;s revised level of 368,000.<\/p>\n<p>The rebound surprised economists, who had expected jobless claims to edge down to 350,000 from the 360,000 originally reported for the previous week.<\/p>\n<p>Meanwhile, a separate report from the National Association of Realtors showing existing home sales rebounded in the month of June following four straight monthly declines.<\/p>\n<p>NAR said existing home sales jumped by 1.4 percent to an annual rate of 5.86 million in June after slumping by 1.2 percent to a revised rate of 5.78 million in May.<\/p>\n<p>Economists had expected existing home sales to surge up by 1.7 percent to a rate of 5.90 million from the 5.80 million originally reported for the previous month.<\/p>\n<p>With the monthly increase, existing home sales rebounded after falling to their lowest level in eleven months in May.<\/p>\n<p>The Treasury Department also announced the details of this month&#8217;s auctions of two-year, five-year and seven-year notes.<\/p>\n<p>The Treasury revealed it plans to sell $60 billion worth of two-year notes, $61 billion worth of five-year notes and $62 billion worth of seven-year notes.<\/p>\n<p>The results of the two-year note auction will be announced next Monday, the results of the five-year note auction will be announced next Tuesday and the results of the seven-year note auction will be announced next Thursday.<\/p>\n<p>Following the release of some key U.S. economic data this morning, the economic calendar for Friday is relatively quiet. <\/p>\n<\/p>\n<p>Market Analysis<\/p>\n<\/div>\n<p><script type=\"text\/javascript\">\n        window.fbAsyncInit = function () {\n            FB.init({\n                status: true,\n                cookie: true,\n                xfbml: true\n            });\n        };\n        (function (d) {\n            var js, id = 'facebook-jssdk'; if (d.getElementById(id)) { return; }\n            js = d.createElement('script'); js.id = id; js.async = true;\n            js.src = \"https:\/\/connect.facebook.net\/en_US\/all.js\";\n            d.getElementsByTagName('head')[0].appendChild(js);\n        }(document));\n    <\/script><br \/>\n<br \/>\n<br \/>Treasuries Regain Ground Following Recent Pullback<\/a><br \/>\n<br \/>2021-07-22 19:14:59<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Following the sharp pullback seen over the course of the two previous sessions, treasuries regained some ground during trading on Thursday. Bond prices pulled back off their best levels in&#8230;<\/p>\n","protected":false},"author":2,"featured_media":12115,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.unsplash.com\/photo-1585504256855-6718f7a693ae?ixid=MXwxMjA3fDB8MHxwaG90by1wYWdlfHx8fGVufDB8fHw=&ixlib=rb-1.2.1&auto=format&fit=crop&w=934&q=80","fifu_image_alt":"","footnotes":""},"categories":[28],"tags":[],"class_list":["post-12114","post","type-post","status-publish","format-standard","has-post-thumbnail","category-us-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/12114","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=12114"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/12114\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/12115"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=12114"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=12114"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=12114"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}