{"id":320669,"date":"2021-08-10T19:49:00","date_gmt":"2021-08-10T16:49:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bond-report-treasurys-hold-steady-as-senate-passes-1-trillion-bipartisan-infrastructure-bill\/"},"modified":"2021-08-10T19:49:00","modified_gmt":"2021-08-10T16:49:00","slug":"bond-report-treasurys-hold-steady-as-senate-passes-1-trillion-bipartisan-infrastructure-bill","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bond-report-treasurys-hold-steady-as-senate-passes-1-trillion-bipartisan-infrastructure-bill\/","title":{"rendered":"#Bond Report: Treasurys hold steady as Senate passes $1 trillion bipartisan infrastructure bill"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a40f0a07e796\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a40f0a07e796\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><ul class='ez-toc-list-level-6' ><li class='ez-toc-heading-level-6'><ul class='ez-toc-list-level-6' ><li class='ez-toc-heading-level-6'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/bond-report-treasurys-hold-steady-as-senate-passes-1-trillion-bipartisan-infrastructure-bill\/#What_yields_are_doing\" >What yields are doing<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-6'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/bond-report-treasurys-hold-steady-as-senate-passes-1-trillion-bipartisan-infrastructure-bill\/#Whats_driving_the_market\" >What\u2019s driving the market?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-6'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/bond-report-treasurys-hold-steady-as-senate-passes-1-trillion-bipartisan-infrastructure-bill\/#What_analysts_are_saying\" >What analysts are saying<\/a><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/buradabiliyorum.com\/en\/bond-report-treasurys-hold-steady-as-senate-passes-1-trillion-bipartisan-infrastructure-bill\/#Vivien_Lou_Chen\" >Vivien Lou Chen<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/buradabiliyorum.com\/en\/bond-report-treasurys-hold-steady-as-senate-passes-1-trillion-bipartisan-infrastructure-bill\/#and\" >and<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/buradabiliyorum.com\/en\/bond-report-treasurys-hold-steady-as-senate-passes-1-trillion-bipartisan-infrastructure-bill\/#Mark_DeCambre\" >Mark DeCambre<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong>#Bond Report: Treasurys hold steady as Senate passes $1 trillion bipartisan infrastructure bill<\/strong>&#8221;<\/p>\n<h2 class=\"article__subhead\" itemprop=\"alternativeHeadline\">\n<\/h2>\n<p><\/p>\n<div class=\"column column--full article__content\">\n<div class=\"article__side\">\n<div class=\"container--sticky not-active\">\n<div id=\"cx-next\" data-nosnippet>\n              <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div id=\"js-article__body\" class=\"article__body article-wrap at16-col16 barrons-article-wrap\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0000369480\">\n<div class=\"barrons-article-ad-wrapper\">\n<div data-track=\"barrons-article-ad-wrap\" class=\"barrons-article-ad sticky_item\">\n<div class=\"barrons-main-article-ad-target sticky_target body_ad\" aria-hidden=\"true\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div data-layout=\"\n                inline\" data-layout-mobile=\"\" class=\"\n          media-object\n          type-InsetArticleReader\n              \n              inline\n  article__inset\n          article__inset--type-InsetArticleReader\n              article__inset--inline\n  \"><\/p>\n<div class=\"media-object-article-reader\">\n<div class=\"audioplayer\" data-sbid=\"WP-MKTW-0000369480\" role=\"region\" aria-label=\"Listen to Article\" tabindex=\"-1\" id=\"articlereader\" data-show-title=\"false\" data-theme=\"wsj-article-reader\" data-show-header=\"false\" data-show-subscribe=\"false\" data-ads-enabled=\"true\" data-save-publication=\"false\">\n        <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>       U.S. Treasury yields remained little changed Tuesday even after the U.S. Senate passed a $1 trillion bipartisan infrastructure bill, which calls for $550 billion in new public-works spending above what already was expected in future federal investments.   <\/p>\n<div class=\"paywall\">\n<h6><span class=\"ez-toc-section\" id=\"What_yields_are_doing\"><\/span>What yields are doing<span class=\"ez-toc-section-end\"><\/span><\/h6>\n<ul class=\"articleList\">\n<li>\n      The 10-year Treasury note yields<br \/>\n        TMUBMUSD10Y,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.000%\" channel=\"\" class=\"\">1.342%<\/bg-quote><br \/>\n       1.341%, compared with 1.316% at 3 p.m. Eastern Time on Monday. <\/p>\n<\/li>\n<li>\n      The 30-year Treasury bond yields<br \/>\n        TMUBMUSD30Y,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.000%\" channel=\"\" class=\"\">1.982%<\/bg-quote><br \/>\n       1.981%, versus 1.962% a day ago. <\/p>\n<\/li>\n<li>\n      The 2-year Treasury note yields<br \/>\n        TMUBMUSD02Y,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.000%\" channel=\"\" class=\"\">0.228%<\/bg-quote><br \/>\n       0.224%, compared with 0.220% on Monday. <\/p>\n<\/li>\n<\/ul>\n<h6><span class=\"ez-toc-section\" id=\"Whats_driving_the_market\"><\/span>What\u2019s driving the market? <span class=\"ez-toc-section-end\"><\/span><\/h6>\n<p> Yields remained little changed Tuesday after the Senate voted 69-30 Tuesday to <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>rove the bipartisan infrastructure bill,  a move that sends the $1 trillion measure over to the House of Representatives for its approval.<\/p>\n<p>The bill includes $110 billion for roads, bridges and other projects \u2014 as well as $66 billion for rail, $65 billion for broadband internet and $55 billion for water systems. Sources of funding for the measure include $205 billion from existing COVID-19 relief funds and an estimated $28 billion from new tax-reporting requirements on cryptocurrencies.<\/p>\n<p>In other developments Tuesday, data showed that U.S. small business optimism retreated in July. The confidence index, based on a survey released by the National Federation of Independent Business, dropped 2.8 points to 99.7 last month after hitting the highest level since the November election in June.<\/p>\n<p>  Later today, fixed-income investors will watch for an auction of $58 billion in 3-year Treasurys<br \/>\n        TMUBMUSD03Y,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.000%\" channel=\"\" class=\"\">0.444%<\/bg-quote><br \/>\n       at midday, as well remarks by two Federal Reserve policy makers.  Chicago Fed president, Charles Evans, also speaks at 2:30 p.m. ET to discuss the economy and monetary policy.  <\/p>\n<p>For the week, investors are awaiting the U.S. July consumer price index data due Wednesday, followed by the July producer price index due Thursday.<\/p>\n<h6><span class=\"ez-toc-section\" id=\"What_analysts_are_saying\"><\/span>What analysts are saying<span class=\"ez-toc-section-end\"><\/span><\/h6>\n<ul class=\"articleList\">\n<li>\n      Wednesday\u2019s CPI release matters because \u201cif we get another year-over-year reading around 5%, we are going to see immense pressure on the Fed to tighten,\u201d said Fergus Hodgson, director at Econ Americas, a research and asset management firm. Though his base case is for the U.S. to return to 2.6% or 3% inflation readings by year-end, the risk of a stagflation outcome in the U.S. is \u201cserious\u201d and underappreciated in the markets, he said via phone. Any tapering of the Fed\u2019s bond purchases would still be expansionary for monetary policy, and the risk is that \u201cyou make permanent rising inflation expectations, which are going to be difficult to turn around.\u201d\u00a0<\/p>\n<\/li>\n<li>\n      \u201cA period of consolidation in the wake of a significant repricing is a very typical trading pattern in Treasuries. The process of establishing a volume bulge around the 200-day moving-average is ultimately constructive on the prospects for the bullish tone to be retained,\u201d BMO Capital Markets strategists Ian Lyngen and Ben Jeffery wrote in a Tuesday research note.  They said they \u201csuspect justification for higher yields won\u2019t be in the offing until after Labor Day\u2014when investors have a better sense of the back to school, back to the office dynamic.\u201d <\/p>\n<\/li>\n<\/ul>\n<\/div>\n<\/div><\/div>\n<p><\/p>\n<div class=\"byline article__byline\">\n<p>    <span>By<\/span><\/p>\n<div class=\"author mobile-scrim hasMenu\" data-scrim='{\"type\":\"author\",\"header\":\"Vivien Lou Chen\",\"subhead\":\"The Wall Street Journal\",\"list\":[{\"type\":\"link\",\"icon\":\"bio\",\"url\":\"https:\/\/www.marketwatch.com\/author\/vivien-lou-chen\",\"text\":\"Biography\"},{\"type\":\"link\",\"icon\":\"twitter\",\"url\":\"https:\/\/twitter.com\/vivienlouchen\",\"text\":\"@vivienlouchen\"}]}' itemscope itemprop=\"author\" itemtype=\"http:\/\/schema.org\/Person\">\n<h4 itemprop=\"name\"><span class=\"ez-toc-section\" id=\"Vivien_Lou_Chen\"><\/span>Vivien Lou Chen<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/p><\/div>\n<div class=\"author  hasMenu\" data-scrim='{\"type\":\"author\",\"header\":\"\",\"subhead\":\"The Wall Street Journal\",\"list\":[]}' itemscope itemprop=\"author\" itemtype=\"http:\/\/schema.org\/Person\">\n<h4 itemprop=\"name\"><\/h4>\n<h4><span class=\"ez-toc-section\" id=\"and\"><\/span> and <span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/p><\/div>\n<div class=\"author mobile-scrim hasMenu\" data-scrim='{\"type\":\"author\",\"header\":\"Mark DeCambre\",\"subhead\":\"The Wall Street Journal\",\"list\":[{\"type\":\"link\",\"icon\":\"bio\",\"url\":\"https:\/\/www.marketwatch.com\/topics\/journalists\/mark-decambre\",\"text\":\"Biography\"},{\"type\":\"link\",\"icon\":\"twitter\",\"url\":\"https:\/\/twitter.com\/mdecambre\",\"text\":\"@mdecambre\"},{\"type\":\"link\",\"icon\":\"email\",\"url\":\"http:\/\/www.marketwatch.com\/news\/mailto:mdecambre@marketwatch.com\",\"text\":\"mdecambre@marketwatch.com\"}]}' itemscope itemprop=\"author\" itemtype=\"http:\/\/schema.org\/Person\">\n<h4 itemprop=\"name\"><span class=\"ez-toc-section\" id=\"Mark_DeCambre\"><\/span>Mark DeCambre<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/p><\/div>\n<\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"http:\/\/www.marketwatch.com\/news\/story.asp?guid=%7B20C05575-04D4-B545-75A3-4806B391E673%7D&#038;siteid=rss&#038;rss=1\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;#Bond Report: Treasurys hold steady as Senate passes $1 trillion bipartisan infrastructure bill&#8221; U.S. Treasury yields remained little changed Tuesday even after the U.S. Senate passed a $1 trillion bipartisan infrastructure bill, which calls for $550 billion in new public-works spending above what already was expected in future federal investments. What yields are doing The&#8230;<\/p>\n","protected":false},"author":1,"featured_media":251140,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[],"class_list":["post-320669","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/320669","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=320669"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/320669\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/251140"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=320669"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=320669"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=320669"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}