Nov 26, 2019

Bonds | Treasury Yields Report: Treasury yields fall after consumer sentiment data disappoints

Yun Li, Sam Meredith

U.S. government debt prices rose on Tuesday as investors digested weaker-than-expected economic data and the latest development on U.S.-China trade.


US 3-MOU.S. 3 Month Treasury1.6050.0080.00
US 1-YRU.S. 1 Year Treasury1.5860.0080.00
US 2-YRU.S. 2 Year Treasury1.588-0.0170.00
US 5-YRU.S. 5 Year Treasury1.596-0.020.00
US 10-YRU.S. 10 Year Treasury1.738-0.0260.00
US 30-YRU.S. 30 Year Treasury2.175-0.0320.00
The yield on the benchmark 10-year Treasury note, which moves inversely to price, was lower at around 1.7345%, while the yield on the 30-year Treasury bond was also lower at around 2.1731%.
Consumer confidence dipped for a fourth straight month in November as economic conditions weaken towards the end of 2019. The index for consumer confidence came in at 125.5 this month, compared to a Dow Jones’ estimate of 126.6.
Market focus is largely attuned to global trade developments after China’s Ministry of Commerce said the leaders of U.S.-China trade talks held another phone call on Tuesday morning.
The online statement reported that both sides had reached a consensus on how to move forward in their long-running dispute, raising hopes of a so-called “phase one” deal.
Washington and Beijing have imposed tariffs on billions of dollars’ worth of one another’s goods since the start of 2018, battering financial markets and souring business and consumer sentiment.
The S&P Case-Shiller index showed home price gains accelerated in September, gaining 3.2% annually.
The U.S. Treasury auctioned $41 billion in 5-year notes and $18 billion in 1-year and 11-month floating rate notes (FRNs) on Tuesday.

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