Arab Today, arab today markets on edge as debt limit debate drags on
Last Updated : GMT 14:25:51
Arab Today, arab today
Arab Today, arab today

Markets on edge as debt limit debate drags on

Arab Today, arab today

Arab Today, arab today Markets on edge as debt limit debate drags on

New York - Arabstoday

The word of the day in financial markets: Anxious. On Friday, traders did something they rarely do: they sold what are considered to be the world\'s safest short-term investments. Traders typically buy short-term US Treasurys on Friday because they want their money in a safe place in case something happens over the weekend to rattle markets. But this week, they instead bought longer-duration bonds as concerns grew that the federal government may not be able to pay all of its bills next month. Yields on bonds due in one month rose higher than those due in six months. The higher the yield, the higher the implied risk of the bond. Analysts say it\'s a clear sign a short-term default is a growing possibility. Article continues below The sell-off in short-term Treasurys shows that \"the market is very concerned\", said Thomas Tzitzouris, head of fixed income research at Strategas Research Partners. \"It\'s not panic, but we are pre-positioning in case something goes wrong over the weekend.\" Stocks continued a weeklong slide after a dismal report on economic growth added to the anxiety. Major indexes erased some of their early losses on Friday after President Barack Obama said there were many paths to a compromise on raising the debt limit. The Dow Jones industrial average fell 96.87 points, or 0.8 per cent, to close at 12,143.24. The combination of bad economic news and growing worries about a possible debt default was evident in nearly every measure of investor confidence: The Dow Jones industrial average had a sixth straight day of losses, a string that has erased 581.17 points. All ten industry groups in the S and P 500 stock index fell. Gold rose nearly one per cent to $1,631 (Dh5990.50) an ounce (28.34g). A measure of stock market volatility, the VIX, rose six per cent. The cost to protect against a US default within the next year reached a record high. The cost to insure Treasurys for one year jumped 54 per cent this week. Longer-term government bond prices rose as traders saw them as less likely to be affected by short-term positioning in Washington. The yield on the ten-year Treasury bond fell to 2.79 per cent, its lowest level of the year. Bond prices move in the opposite direction of their yields. The Standard and Poor\'s 500 index lost 8.39 points, or 0.6 per cent, to 1,292.28. The Nasdaq composite fell 9.87, or 0.4 per cent, to 2,756.38 points.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today markets on edge as debt limit debate drags on Arab Today, arab today markets on edge as debt limit debate drags on

 



Arab Today, arab today
Arab Today, arab today Laptop ban sparks ire

GMT 09:02 2017 Thursday ,23 March

Laptop ban sparks ire
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today Dozens dead in US-led Syria strikes

GMT 08:35 2017 Thursday ,23 March

Dozens dead in US-led Syria strikes
Arab Today, arab today AT&T, Verizon join Google ad boycott

GMT 10:30 2017 Thursday ,23 March

AT&T, Verizon join Google ad boycott
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Yemeni official warns education is under threat

GMT 12:03 2017 Tuesday ,14 March

Yemeni official warns education is under threat
Arab Today, arab today 2017 already marked

GMT 15:25 2017 Tuesday ,21 March

2017 already marked
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Audi RS 5 Coupe acquires new design

GMT 13:22 2017 Thursday ,23 March

Audi RS 5 Coupe acquires new design
Arab Today, arab today Renault Trezor wins design award

GMT 11:56 2017 Tuesday ,21 March

Renault Trezor wins design award
Arab Today, arab today Donia Abdel Aziz participates in "Game of Silence"

GMT 07:12 2017 Tuesday ,21 March

Donia Abdel Aziz participates in "Game of Silence"
Arab Today, arab today Mexico threatens to ditch US corn imports

GMT 10:34 2017 Tuesday ,21 March

Mexico threatens to ditch US corn imports

GMT 07:39 2017 Monday ,20 March

Dalia Mustafa believes in the presence of ghosts

GMT 19:27 2017 Saturday ,11 March

Boualsof launches "Priestess Kahina" collection

GMT 16:41 2017 Monday ,20 March

Preserving the memory of glaciers

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 13:11 2017 Tuesday ,21 March

Web-based counseling lowers blood pressure

GMT 10:18 2017 Tuesday ,21 March

Kuwait's tourism industry to be worth

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 22:39 2017 Thursday ,09 March

Zuhair Murad presents his new collection "Resorts"
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday