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Oct 19, 2020

Bonds: Treasury yields jump amid renewed stimulus hopes

 

Elliot Smith,Yun Li


Treasury yields jumped on Monday amid renewed optimism that a coronavirus aid package could be agreed in the coming weeks.

The yield on the benchmark 10-year Treasury note rose 4 basis points to 0.778% while the yield on the 30-year Treasury bond was up at 1.568%. Yields move inversely to prices.

Treasurys

TICKER COMPANY YIELD CHANGE %CHANGE
US3MU.S. 3 Month Treasury0.0990.0030.00
US1YU.S. 1 Year Treasury0.1290.0020.00
US2YU.S. 2 Year Treasury0.1510.0060.00
US5YU.S. 5 Year Treasury0.3390.0210.00
US10YU.S. 10 Year Treasury0.7740.030.00
US30YU.S. 30 Year Treasury1.5630.0340.00

House Speaker Nancy Pelosi said Sunday that although differences remain between congressional Democrats and White House negotiators, she was optimistic about pushing through legislation on a fiscal stimulus deal before the Nov. 3 election.

However, concerns remain over the current surge in Covid-19 cases across the U.S. A CNBC analysis of Johns Hopkins University data showed Covid-19 cases were growing by 5% or more in 38 states as of Friday, with the daily case average nationwide rising by more than 16% week on week to nearly 55,000.

There are no major economic data releases Monday, but investors will be monitoring Federal Reserve Chairman Jerome Powell’s speech at 8 a.m. ET.

Auctions will be held Monday for $54 billion of 13-week Treasury bills and $51 billion of 26-week bills.

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