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Oct 8, 2020

Bonds: Treasury yields slip with jobs data, stimulus hopes in focus

 

Elliot Smith


Treasury yield fell slightly on Thursday as investors monitored progress toward a smaller coronavirus aid bill and awaited key jobs data.

At around 7:25 a.m. ET, the yield on the benchmark 10-year Treasury note was lower at 0.772% and the 30-year Treasury bond rate had dipped to 1.568%. Yields move inversely to prices.

Earlier this week, the 10-year and 30-year yields hit their highest levels since June. 

Treasurys

TICKER COMPANY YIELD CHANGE %CHANGE
US3MU.S. 3 Month Treasury0.096-0.0030.00
US1YU.S. 1 Year Treasury0.1320.000.00
US2YU.S. 2 Year Treasury0.151-0.0060.00
US5YU.S. 5 Year Treasury0.332-0.0130.00
US10YU.S. 10 Year Treasury0.772-0.0130.00
US30YU.S. 30 Year Treasury1.571-0.0180.00

Last week’s jobless claims figures are expected at 8:30 a.m. ET, with initial filings expected to come in at 820,000, according to a Reuters poll of economists, down from the previous week’s 837,000.

Investors also have an eye on progress toward a partial stimulus deal to aid some sectors of the economy, such as the airline industry, after President Donald Trump torpedoed talks on a comprehensive aid package.

Minutes published Wednesday from September’s meeting of the Federal Reserve’s Federal Open Market Committee (FOMC) revealed policymakers were divided on how to apply a new monetary policy strategy in the face of a uniquely uncertain economic outlook.

Auctions will be held Thursday for $30 billion of 4-week Treasury bills, $35 billion of 8-week bills and $23 billion of 30-year bonds.

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