Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

Market
Consumer Sentiment Falls To Yearly Low, Treasuries Gain
NEW YORK (3/18/13)--U.S. consumer confidence in March has fallen to its lowest level in more than a year, prompting investors to seek safety in Treasuries, resulting in higher prices and lower yields (Bloomberg.com and MarketWatch.com March 15).

Treasury yields move inversely to prices, MarketWatch explained. Yields on the benchmark 10-year Treasury note dropped three basis points to 2%, the Treasury Department said Friday.

The Thomson/Reuters University of Michigan preliminary sentiment index for March dropped to 71.8--the lowest level since December 2011--from 77.6 in February. The drop was a surprise to economists who had forecast the index to rise to 78 this month, according to a median estimate of economists in a Bloomberg survey.

Automatically triggered across-the-board federal spending cuts may be causing worries about the economy, eroding consumer sentiment, Bloomberg said.
RSS





print
News Now LiveWire
Through the snow, be on the lookout for a @CU4Kids @CMNHospitals @COOPFS billboard in @TimesSquareNYC this week
11 hours ago
.@CUNA , trades unite to urge Congress on #datasecurity action http://t.co/gzmZGX9nfF
14 hours ago
State of Wash. @dficonsumers has expanded its CAMEL ratings to include an "S" for interest-rate sensitivity.
14 hours ago
.@HUDgov tweets: Be sure to tune in tonight to watch @SecretaryCastro on @TheDailyShow with Jon Stewart http://t.co/B1L23NQaoJ
14 hours ago
.@NJCUL Southern Chapter meeting canceled due to the impending snowstorm
15 hours ago