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22 Jan 2015
US stocks erase gains along with Treasury yields after ECB details QE
FXStreet (Mumbai) - The stock markets in the US erased gains, while the Treasury yields fell sharply in line with their European peers, after the European Central Bank (ECB) announced an expansion of its monetary stimulus program.
The DJIA index now trades 38 points higher, down from 160 point gain seen right after the ECB announcement. The stock markets, however, remain well supported U.S. data had 307K Americans filing for jobless benefits last week, down 10K. Meanwhile, the 10-year Treasury yield fell 1.813%, from the high of 1.953% seen earlier today. the 10-yr yield is now down 3.8 basis points for the day.
Moreover, the yields across the Eurozone fell sharply after ECB President Mario Draghi said the central bank would make monthly bond purchases of EUR 60 billion. He further added that the bank would purchase bonds with negative yields too.
The DJIA index now trades 38 points higher, down from 160 point gain seen right after the ECB announcement. The stock markets, however, remain well supported U.S. data had 307K Americans filing for jobless benefits last week, down 10K. Meanwhile, the 10-year Treasury yield fell 1.813%, from the high of 1.953% seen earlier today. the 10-yr yield is now down 3.8 basis points for the day.
Moreover, the yields across the Eurozone fell sharply after ECB President Mario Draghi said the central bank would make monthly bond purchases of EUR 60 billion. He further added that the bank would purchase bonds with negative yields too.