Treasuries: preconditions for profitableness growth are absentAt the auctions on Thursday, on November, 19th, quotations of exchequer bonds of the USA have grown on all spectrum of papers. Investors bought up bezriskovye actives against global decrease in share indexes, and also enough weak statistics published in first half of week, convinced the market in weakness of economy that is important in a context of conversations on necessity of preservation of low rates on dollar, mark in IK “ Veles the Capital “.
According to analysts “ Uralsib Kepital “ demand on UST on Thursday has been provided by the general decrease at investors of appetite to risk. Thus buyers of a state debt of the USA were confused with plans of the Ministry of Finance (US Department of the Treasury) to place on next week paper of new series in total amount 118 mlrd dollars
As a result on beginning of trading session of Friday, on November, 20th, curve of profitableness of exchequer bonds of the USA looks as follows:
Influence on a course of the auctions was rendered on November, 19th also by macroeconomic news. According to the data of research organisation Conference Board, an index of leading economic indicators of the USA in October 2009ã. Has grown on 0,3 % (increase on 0,4 % was predicted). Besides, the Ministry of Labour (US Department of Labor) has informed that quantity of primary references behind the unemployment benefit for a week which has come to the end on November, 14th 2009ã., in comparison with a similar indicator of previous week has not changed and has made 505 thousand It has coincided with expectations of experts.
it is not excluded that on Friday investors will reflect on the factor of a canopy of primary placings in the market of exchequer bonds more. At the same time in the morning obvious preconditions to growth of profitableness UST are absent - on the Asian platforms the mixed moods reign, futures for the American share indexes also do not show uniform dynamics. Considering that on November, 20th in the USA and Europe does not leave how many - nibud the important economic data, day promises to be quiet enough for the world financial markets, consider in “ Uralsib Kepital “.