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US market: UST profitableness has decreased

16 November 2007

On Wednesday the market of exchequer bonds was noted with quotations growth. The published data promoted decrease in profitableness of base actives. According to MDM-bank analysts, UST dynamics was again defined by the share market: stock quotes and UST profitableness grew all over again (mainly during the Asian session), and then decreased.
Speaking about the published statistics, it is worth of mentioning,  that, according to the Trade Ministry, during the last months the volume of retails in the USA has grown on 0,2 % in comparison with September, 2007, - up to 380,26 billion dollars, whereas in September 2007 retails have increased for 0,7 % in comparison with the previous month. Decrease in rates of growth of the given parameter has occurred in connection with increase of the prices for energy carriers under influence of other factors.
Moreover, according to the ministry of work, in October 2007 the industrial prices (index PPI) have grown on 0,1 % in relation to the last month whereas more significant growth of this parameter - on 0,4 % - was predicted. Thus in October 2007 the industrial prices, without taking into account the prices for food stuffs and energy carriers, have not changed, while analysts predicted growth of this parameter on 0,2 %. Thus, on the beginning of trading session of Thursday, on November, 15th, the curve of profitableness of exchequer bonds of the USA looks as follows: on Thursday, on November, 15th, the attention of investors was paid to the key inflationary parameter, CPI. In case of an output of the data, adequating to forecasts, the further growth of UST quotations is possible.

 




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