Oct 6, 2020

Bonds: Treasury yields flat with Trump return, stimulus hopes in focus


Elliot Smith

U.S. government debt prices were flat Tuesday morning after President Donald Trump returned to the White House following his hospitalization with Covid-19.

At around 5:05 a.m. ET, the yield on the benchmark 10-year Treasury note was slightly lower at 0.7602% and the yield on the 30-year Treasury bond was roughly unchanged at 1.5669%. Yields move inversely to prices.


US3MU.S. 3 Month Treasury0.0990.000.00
US1YU.S. 1 Year Treasury0.1240.000.00
US2YU.S. 2 Year Treasury0.1450.000.00
US5YU.S. 5 Year Treasury0.3290.0050.00
US10YU.S. 10 Year Treasury0.780.0180.00
US30YU.S. 30 Year Treasury1.5930.0260.00

Trump left Walter Reed National Military Medical Center on Monday having been admitted last Friday, but will continue treatment for the coronavirus even as he attempts to restart his reelection campaign.

Investor focus is also attuned to hopes of progress on a fresh coronavirus spending package. Treasury Secretary Steven Mnuchin and House Speaker Nancy Pelosi spoke by phone on Monday and will continue negotiations Tuesday as they strive to reach an accord.

August’s balance of trade, import and export figures are due for publication at 8:30 a.m. ET on Tuesday before JOLTs job openings data at 10 a.m. Federal Reserve Chairman Jerome Powell is scheduled to deliver a speech at 10:40 a.m.

Auctions will be held Tuesday for $34 billion of 52-week Treasury bills, $30 billion each of 119-day and 42-day bills and $52 billion of 3-year notes.

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