The yields on treasuries rise, US stocks decline
In anticipation of the publication of data on the US labor market is growing concern of investors. ADP data released yesterday pointed to the reduction in the number of jobs created in the private sector 5 consecutive month. This is contrary to estimates Fed confident about accelerating the growth of the national economy in Q2. 2015, after a pause the first three months of the year. At the same time, Fed Chairman Dzh.Yellen shared her opinion with respect to currently existing ratings on the stock and bond markets. She believes inflated valuation of shares and bond yields are very low. Actually, this view has recently adheres to a growing number of members of the US market, which does not find the strength to continue to rise despite the fact that the season of corporate reports as a whole was better than expected. US stock indexes were down again yesterday. -S & P500 updated lows in mid-April.
A more interesting picture emerges in the US debt market. Over the past seven trading sessions yield of 30-year Treasuries rose from 2.6% to 3.0% per annum, and the yield of 10 "notches" rose above the 200-day moving average. Investors out of the US Treasury bonds. Taking into account that all the strong downward movement in the stock market preceded the fall in the bond market, what is happening with the yield Treasuries can not be ignored.
Note occurred yesterday evening after a rollback of oil lifting quotes Brent to $ 70. And pay attention to the April services PMI RF, rising from 46.1 to 50.7 points and stretched above the key level of 50 points composite index. Business activity begins to rise.
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