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Bonds | Today's Treasury Yields Report on Wednesday 27, May 2020 (Morning Update).

Treasury yields edge lower as U.S.-China tensions cool investor optimism (Morning Update).

Elliot Smith

Treasurys

TICKER COMPANYYIELD CHANGE %CHANGE 
US3MU.S. 3 Month Treasury0.137-0.0050.00
US1YU.S. 1 Year Treasury0.1730.000.00
US2YU.S. 2 Year Treasury0.1860.0060.00
US5YU.S. 5 Year Treasury0.3720.0210.00
US10YU.S. 10 Year Treasury0.7210.0230.00
US30YU.S. 30 Year Treasury1.4690.030.00
At around 4:05 a.m. ET, the yield on the benchmark 10-year Treasury note was down at 0.6900% while the yield on the 30-year Treasury bond was fractionally lower at 1.4327%. Yields move inversely to prices.
White House economic advisor Larry Kudlow said on Tuesday that President Donald Trump is so “miffed” with China over new Hong Kong security laws and other matters that the landmark “phase one” trade deal signed between the two nations in January is no longer a priority to him.
Bloomberg News reported that the Trump Administration is considering sanctions on Chinese firms and officials over the new laws, which have raised concerns about Beijing’s control over the city in light of pro-democracy protests. President Trump said Tuesday that there will be an announcement on the matter by the end of this week.
The flare-up of tensions between the two economic superpowers has threatened to dent some of the momentum toward risk assets at the start of the week, as investors cheered economic reopening efforts and multiple reports of progress on coronavirus vaccines.
Meanwhile, Senate Majority Leader Mitch McConnell said Congress will “probably” have to pass more legislation to mitigate the economic impact from the coronavirus pandemic. The Kentucky Republican said any new measure to boost the U.S. economy would be narrower in scope than the $3 trillion package House Democrats approved earlier this month.
There is no major economic data scheduled for publication Wednesday.
Auctions will be held Wednesday for $40 billion of 119-day Treasury bills, $25 billion of 273-day bills, $40 billion of 105-day bills, $45 billion of 5-year notes and $20 billion of 2-year FRNs (floating-rate notes).

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On Tuesday 26, May 2020

Treasury yields rise as coronavirus vaccine hopes drive risk-on sentiment ( Morning Update)

Elliot Smith

U.S. government debt prices were lower on Tuesday in a holiday-shortened week, with mounting optimism about a coronavirus vaccine driving some risk-on sentiment from investors.

Treasurys



TICKER COMPANYYIELD CHANGE %CHANGE 
US3MU.S. 3 Month Treasury0.1450.0230.00
US1YU.S. 1 Year Treasury0.162-0.0030.00
US2YU.S. 2 Year Treasury0.1860.0180.00
US5YU.S. 5 Year Treasury0.3620.0290.00
US10YU.S. 10 Year Treasury0.6950.0360.00
US30YU.S. 30 Year Treasury1.4130.0410.00
At around 2:10 a.m. ET, the yield on the benchmark 10-year Treasury note was up at 0.6916% and the yield on the 30-year Treasury bond rose to 1.4050%. Yields move inversely to prices.
American biotech company Novavax said Monday that it had started the first human study of its experimental coronavirus vaccine, with initial results on safety and immune responses expected in July.
The news followed Moderna’s announcement last week that all 45 patients in its vaccine trial had developed coronavirus antibodies.
As states look to tentatively reopen their economies, the U.S. has now confirmed more than 1.6 million cases of the virus, resulting in more than 98,000 deaths, according to Johns Hopkins University.
Investors will also keep an eye on a flaring of trade tensions between the U.S. and China, with disputes over blame for the coronavirus pandemic and new Hong Kong security laws threatening to derail the landmark “phase one” trade agreement signed in January.
On the data front, S&P/Case-Shiller home price readings for March are due at 9 a.m ET Tuesday, before April’s new home sales figures at 10 a.m. ET.
Auctions will be held Tuesday for $63 billion of 13-week Treasury bills, $54 billion of 26-week bills, $65 billion of 42-day bills and $44 billion of 2-year notes.

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On Friday 22, May 2020

10-year Treasury yield falls to lowest in a week on rising U.S.-China tensions ( Morning Update)

Silvia Amaro

Treasury yields were under pressure on Friday on concerns over new instability in Hong Kong and increasing tensions between Washington and Beijing.
The yield on the benchmark 10-year Treasury note hit a low of 0.627% on Friday, its lowest level in a week. The yield on the 30-year Treasury bond was also moving lower at 1.3517%. Yields move inversely to prices.

Treasurys





TICKER COMPANYYIELD CHANGE %CHANGE 
US3MU.S. 3 Month Treasury0.1220.000.00
US1YU.S. 1 Year Treasury0.162-0.0030.00
US2YU.S. 2 Year Treasury0.164-0.0030.00
US5YU.S. 5 Year Treasury0.329-0.0090.00
US10YU.S. 10 Year Treasury0.656-0.0210.00
US30YU.S. 30 Year Treasury1.363-0.0350.00
Investors are reacting to the latest news that China is set to impose a new national security law on Hong Kong, which could spark further anti-government protests. Beijing’s control over the city will likely evoke the ire of the U.S. and other Western powers which supported pro-democracy protesters.
“The overnight bid for Treasuries was aided by China’s efforts to impose greater control on Hong Kong; a move which not only has implications for the financial hub but also points toward the reescalation of tensions between Trump and Xi,” Ian Lyngen, BMO’s head of U.S. rates, said in a note Friday.
Meanwhile, the U.S. Senate passed legislation on Wednesday that could restrict Chinese companies from listing on American exchanges or raise money from U.S. investors, unless they abide by Washington’s regulatory and audit standards.
In addition, China has said that it will not set a growth target for 2020, given the uncertainty sparked by the Covid-19 pandemic.
There are no economic data releases, Fed speeches or Treasury auctions Friday as the U.S. heads for an extended weekend to commemorate Memorial Day on Monday.

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On Thursday 21, May 2020

Treasury yields are flat as another 2.4 million Americans filed for unemployment (Afternoon Update)

Elliot Smith

Treasury yields held steady on Thursday after data showed another 2.4 million people filed for unemployment benefits last week amid the coronavirus pandemic.

Treasurys









TICKER COMPANYYIELD CHANGE %CHANGE 
US3MU.S. 3 Month Treasury0.122-0.0020.00
US1YU.S. 1 Year Treasury0.1650.0050.00
US2YU.S. 2 Year Treasury0.1690.0080.00
US5YU.S. 5 Year Treasury0.340.010.00
US10YU.S. 10 Year Treasury0.674-0.0050.00
US30YU.S. 30 Year Treasury1.388-0.010.00
The yield on the benchmark 10-year Treasury note was slightly lower at 0.6688% and the yield on the 30-year Treasury bond was down at 1.3828%. Yields move inversely to prices.
First-time filings for unemployment insurance totaled 2.44 million last week, the Labor Department said Thursday. Economists surveyed by Dow Jones had been looking for 2.4 million claims.
The total, while still well above anything the nation had seen in pre-coronavirus America, represents the seventh straight week of a declining pace following the record peak of 6.9 million in late March.
Market focus is also attuned to the rate of new coronavirus infections. According to the World Health Organization (WHO), there were more than 100,000 newly reported coronavirus cases worldwide in the 24 hours leading up to its daily briefing on Wednesday evening, a record daily spike.
Of these, 45,251 were in the U.S., as states continue to gradually reopen their economies. Over 5 million cases have now been confirmed around the world.
Minutes published Wednesday from the last meeting of the Federal Reserve’s Federal Open Market Committee (FOMC) showed policymakers had deliberated over how to support the economy long-term, on a road to recovery they now expect to be longer and more difficult than initially presumed.
Flash Markit PMI (purchasing managers’ index) readings for May are expected at 9:45 a.m. ET on Thursday, before April’s existing home sales data at 10 a.m. ET.
Auctions will be held Thursday for $80 billion of 4-week Treasury bills, $70 billion of 8-week bills and $12 billion of 10-year TIPS.

______________________________________________________

Treasury yields fall ahead of jobless claims data as global coronavirus cases spike (Morning Update).

Elliot Smith

U.S. government debt prices were higher Thursday morning as investors tried to gauge the likelihood of a sharp rebound ahead of a slew of economic data.

Treasurys











TICKER COMPANYYIELD CHANGE %CHANGE 
US3MU.S. 3 Month Treasury0.1470.0230.00
US1YU.S. 1 Year Treasury0.157-0.0030.00
US2YU.S. 2 Year Treasury0.1630.0020.00
US5YU.S. 5 Year Treasury0.330.000.00
US10YU.S. 10 Year Treasury0.666-0.0130.00
US30YU.S. 30 Year Treasury1.378-0.020.00
At around 4:55 a.m. ET, the yield on the benchmark 10-year Treasury note was lower at 0.6688% and the yield on the 30-year Treasury bond was down at 1.3828%. Yields move inversely to prices.
However, yields increased on the shorter duration 2-year and 5-year notes.
New jobless claims figures for last week are expected at 8:30 a.m. ET. Data published last week showed that 36.5 million Americans had filed for unemployment since the beginning of the coronavirus crisis.
Analysts polled by Reuters are expecting 2.4 million new claims, down from 2.981 million the previous week.
Market focus is also attuned to the rate of new coronavirus infections. According to the World Health Organization (WHO), there were more than 100,000 newly reported coronavirus cases worldwide in the 24 hours leading up to its daily briefing on Wednesday evening, a record daily spike.
Of these, 45,251 were in the U.S., as states continue to gradually reopen their economies. Over 5 million cases have now been confirmed around the world.
Minutes published Wednesday from the last meeting of the Federal Reserve’s Federal Open Market Committee (FOMC) showed policymakers had deliberated over how to support the economy long-term, on a road to recovery they now expect to be longer and more difficult than initially presumed.

Flash Markit PMI (purchasing managers’ index) readings for May are expected at 9:45 a.m. ET on Thursday, before April’s existing home sales data at 10 a.m. ET.
Auctions will be held Thursday for $80 billion of 4-week Treasury bills, $70 billion of 8-week bills and $12 billion of 10-year TIPS.

______________________________________________________

On Wednesday 20, May 2020

Treasury yields fall slightly after the first auction of 20-year bonds since 1986 (Afternoon Update)

Yun Li, Elliot Smith

Treasury yields held steady on Wednesday after the first auction of 20-year bonds since the 1980s. 

Treasurys















TICKER COMPANYYIELD CHANGE %CHANGE 
US3MU.S. 3 Month Treasury0.124-0.0050.00
US1YU.S. 1 Year Treasury0.157-0.0080.00
US2YU.S. 2 Year Treasury0.157-0.0160.00
US5YU.S. 5 Year Treasury0.326-0.0220.00
US10YU.S. 10 Year Treasury0.677-0.0340.00
US30YU.S. 30 Year Treasury1.401-0.0350.00
The yield on the benchmark 10-year Treasury note fell 1 basis point to 0.693% and the yield on the 30-year Treasury bond was down slightly at 1.411%. Yields move inversely to prices.
The Treasury issued a 20-year bond for the first time in 34 years to fund a record level of borrowing the government will need to do this year to support the economy through the coronavirus pandemic. The $20 billion auction on Wednesday was met with decent demand with a yield of 1.220%.
Treasury Secretary Steven Mnuchin said with the launch of a new 20-year bond, the department is aiming to stretch the duration while locking in ultra-low interest rates.
“It is my intention to borrow a lot of money in the short term to have the funding, but then to expand our financing in 10-, 20- and 30- year bonds,” Mnuchin said Tuesday during a Senate hearing. “What I’d like to do is to lock in a significant amount of very low interest rates so that the money we are borrowing can be paid back and dealt with over a long period of time.”
The Federal Open Market Committee released minutes Wednesday from its most recent meeting, which cited “extraordinary amount of uncertainty and considerable risks” due to the coronavirus pandemic.
“Participants commented that, in addition to weighing heavily on economic activity in the near term, the economic effects of the pandemic created an extraordinary amount of uncertainty and considerable risks to economic activity in the medium term,” the minutes said.
It has been a volatile week on Wall Street, with investors monitoring progress on a coronavirus vaccine and economic reopening efforts.
Market volatility is largely being driven by uncertainty over the likelihood of a coronavirus vaccineand concern over whether the reopening of state economies could open the door to a second wave of infections, as warned by public health experts.
Meanwhile, Republican Senators put the brakes on a $3 trillion support package passed last week by the House of Representatives, saying that they are in no hurry to work on additional fiscal support measures.

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Treasury yields fall slightly ahead of the first auction of 20-year bonds since 1986 (Morning Update)

Yun Li, Elliot Smith

Treasury yields dipped slightly on Wednesday before the first auction of 20-year bonds since the 1980s. 

Treasurys

















TICKER COMPANYYIELD CHANGE %CHANGE 
US3MU.S. 3 Month Treasury0.124-0.0050.00
US1YU.S. 1 Year Treasury0.1650.000.00
US2YU.S. 2 Year Treasury0.1750.0020.00
US5YU.S. 5 Year Treasury0.3540.0060.00
US10YU.S. 10 Year Treasury0.7140.0030.00
US30YU.S. 30 Year Treasury1.4390.0030.00
The yield on the benchmark 10-year Treasury note fell 1 basis point to 0.693% and the yield on the 30-year Treasury bond was down slightly at 1.411%. Yields move inversely to prices.
The Treasury will issue a 20-year bond for the first time in 34 years to fund a record level of borrowing the government will need to do this year to support the economy through the coronavirus pandemic.The 20-year should be met with a good reception by Wall Street when the Treasury holds $20 billion auction at 1 p.m. ET Wednesday.
Treasury Secretary Steven Mnuchin said with the launch of a new 20-year bond, the department is aiming to stretch the duration while locking in ultra-low interest rates.
“It is my intention to borrow a lot of money in the short term to have the funding, but then to expand our financing in 10-, 20- and 30- year bonds,” Mnuchin said Tuesday during a Senate hearing. “What I’d like to do is to lock in a significant amount of very low interest rates so that the money we are borrowing can be paid back and dealt with over a long period of time.”
It has been a volatile week on Wall Street, with investors monitoring progress on a coronavirus vaccine and economic reopening efforts.
Market volatility is largely being driven by uncertainty over the likelihood of a coronavirus vaccineand concern over whether the reopening of state economies could open the door to a second wave of infections, as warned by public health experts.
Meanwhile, Republican Senators put the brakes on a $3 trillion support package passed last week by the House of Representatives, saying that they are in no hurry to work on additional fiscal support measures.

There are no major economic data releases scheduled for Wednesday, but minutes from the last meeting of the Federal Reserve’s Federal Open Market Committee (FOMC) will be published at 2 p.m. ET and could give further insight into policymakers’ decision to hold interest rates near zero in late April.

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On Tuesday 19, May 2020

Treasury yields are flat ahead of Powell testimony (Morning Update).

Yun Li, Elliot Smith

Treasury yields were flat Tuesday morning as investors await Federal Reserve Chairman Jerome Powell’s virtual hearing on the state of the economy amid the coronavirus pandemic.

Treasurys



















TICKER COMPANYYIELD CHANGE %CHANGE 
US3MU.S. 3 Month Treasury0.1320.000.00
US1YU.S. 1 Year Treasury0.1650.000.00
US2YU.S. 2 Year Treasury0.173-0.010.00
US5YU.S. 5 Year Treasury0.351-0.0260.00
US10YU.S. 10 Year Treasury0.711-0.0310.00
US30YU.S. 30 Year Treasury1.438-0.0180.00
The yield on the benchmark 10-year Treasury note was little changed at 0.723% and the yield on the 30-year Treasury bond was also flat at 1.456%. Yields move inversely to prices.
Powell and Treasury Secretary Steven Mnuchin will testify before the Senate Banking Committee at 10 a.m. ET on Tuesday.
In a written testimony released late on Monday, Powell describes the coronavirus pandemic as having caused “a level of pain that is hard to capture in words” and calls on Congress to do more to match the Fed’s historic stimulus measures. He adds that the central bank is committed to using its “full range of tools” to support the economy.
Data on Tuesday showed U.S. home construction starts posted the worst monthly decline on record in April. Housing starts tumbled 30.17% to a seasonally adjusted annual rate of 891,000 units last month, a five year low, the Commerce Department said on Tuesday.
Yields are stepping back from strong gains on Monday after biotech firm Moderna’s closely watched early-stage human trial for a coronavirus vaccine produced Covid-19 antibodies in all 45 participants, sending risk assets surging to six-week highs.
However, investors are also monitoring hopes of a global economic recovery. IMF Managing Director Kristalina Georgieva suggested Monday that the recovery will take much longer than initially expected.
Georgieva said the IMF will likely revise downward its forecast for a 3% contraction in GDP in 2020, with only a partial recovery expected in 2021 instead of the 5.8% rebound previously anticipated.
Auctions will be held for $31 billion of 52-week Treasury bills, $40 billion of 119-day bills and $65 billion of 42-day bills.

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On Monday 18, May 2020

Treasury yields jump on coronavirus vaccine optimism (Morning Update)

Yun Li, Elliot Smith

Treasury yields popped on Monday as investors cheered news that an experimental coronavirus vaccine showed promising early signs.

Treasurys





















TICKER COMPANYYIELD CHANGE %CHANGE 
US3MU.S. 3 Month Treasury0.122-0.0020.00
US1YU.S. 1 Year Treasury0.1650.0180.00
US2YU.S. 2 Year Treasury0.1790.030.00
US5YU.S. 5 Year Treasury0.3510.0430.00
US10YU.S. 10 Year Treasury0.7060.0660.00
US30YU.S. 30 Year Treasury1.4220.1020.00
The yield on the benchmark 10-year Treasury note was up 4 basis points at 0.681% and the yield on the 30-year Treasury bond rose 7 basis points to 1.382%. Yields move inversely to prices.
Biotech firm Moderna’s closely watched early-stage human trial for a coronavirus vaccine produced Covid-19 antibodies in all 45 participants, the company announced Monday, sending the company’s shares surging more than 17%.
Investors also digested comments from Federal Reserve Jerome Powell that the U.S. economy could shrink by more than 30% in the second quarter as the full impact of nationwide lockdowns is realized. Still, Powell told “60 Minutes” in an interview aired Sunday night that the economy will likely rebound robustly and avoid a long-term depression.
Meanwhile, ties between Washington and Beijing continued to fray on Sunday. U.S. Secretary of State Mike Pompeo warned China not to interfere with the work of American journalists in Hong Kong, suggesting that it could affect the U.S. assessment of the special administrative region’s status.
China’s commerce ministry on Sunday voiced its opposition to the latest U.S. rules imposed on tech giant Huawei and said it could take any necessary action to safeguard Chinese firms’ rights and interests.

There is no major U.S. economic data due Monday.
Auctions will be held Monday for $63 billion of 13-week Treasury bills and $54 billion of 26-week bills

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On Friday 15, May 2020

Treasury yields fall after retail spending drops the most on record amid pandemic (Morning Update)

Yun Li, Ryan Browne

U.S. government debt yields moved lower Friday as investors digested more somber economic data.
The yield on the benchmark 10-year Treasury note fell 2 basis points to 0.595% while the yield on the 30-year Treasury bond also declined 4 basis points to 1.256%. Yields move inversely to prices.
Consumer spending tumbled a record 16.4% in April as the backbone of the U.S. economy retrenched amid the coronavirus pandemic, according to a government report Friday.
Economists surveyed by Dow Jones expected the advanced retail sales number to fall 12.3% after March’s reported 8.3% dive already had set a record for data going back to 1992. The March numbers were revised to be not as bad as the 8.7% initially reported.
Nervous investors are keeping a close eye on the U.S. jobs market. U.S. jobless claims totaled 2.981 million last week, lifting the total number of unemployment insurance claims filed during the coronavirus crisis to nearly 36.5 million — by far the biggest loss of jobs over a similar period in U.S. history.
More than 4.4 million coronavirus cases have been confirmed globally, according to data from Johns Hopkins University. The infection rate has been explosive in the United States, where there have been 1.4 million known cases.
Yields began their decline earlier this week after Federal Reserve Chairman Jerome Powell warned of “significant downside risks” from the coronavirus pandemic. The Fed chief’s gloomy outlook has investors debating whether the U.S. central bank could make another big policy move soon.

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On Thursday 14, May 2020

Treasury yields slide after Fed comments, ahead of new US jobless claims data (Morning Update).

Elliot Smith

U.S. government debt prices continued to climb Thursday morning ahead of the next round of unemployment claims figures, as the coronavirus pandemic continues to hammer the labor market.

Treasurys































TICKER COMPANYYIELD CHANGE %CHANGE 
US3MU.S. 3 Month Treasury0.119-0.0030.00
US1YU.S. 1 Year Treasury0.1550.000.00
US2YU.S. 2 Year Treasury0.1610.000.00
US5YU.S. 5 Year Treasury0.308-0.010.00
US10YU.S. 10 Year Treasury0.623-0.0280.00
US30YU.S. 30 Year Treasury1.302-0.0510.00
At around 2:50 a.m. ET, the yield on the benchmark 10-year Treasury note was lower at 0.6202% and the yield on the 30-year Treasury bond was down at 1.3157%. Yields move inversely to prices.
New jobless claims numbers for last week are due at 8:30 a.m. ET, with 33.5 million Americans having already filed for unemployment over the last seven weeks, sending the unemployment rate to a post-World War II high of 14.7%.
Yields began their decline on Wednesday after Federal Reserve Chairman Jerome Powell warned of “significant downside risks” from the coronavirus pandemic and suggested that the path ahead is “highly uncertain.”
His comments came as several states began to reopen their economies despite warnings from health officials, including the government’s top public health expert Dr. Anthony Fauci.
Data released Wednesday also showed U.S. producer prices dropped more sharply than expected in April, in another warning sign over the impact of pandemic-induced shutdowns on the economy.
Alongside jobless claims, import and export prices for April are due for publication at 8:30 a.m. ET on Thursday.
Auctions will be held Thursday for $80 billion of 4-week Treasury bills and $70 billion of 8-week bills.

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On Wednesday 13, May 2020

Treasury yields fall as reopening fears and inflation data dent risk appetite (Morning Update)

Elliot Smith

U.S. government debt prices were higher Wednesday morning as investors weighed fears over the containment of the coronavirus pandemic against efforts to reopen the economy.

Treasurys

































TICKER COMPANYYIELD CHANGE %CHANGE 
US3MU.S. 3 Month Treasury0.129-0.0050.00
US1YU.S. 1 Year Treasury0.157-0.0030.00
US2YU.S. 2 Year Treasury0.163-0.010.00
US5YU.S. 5 Year Treasury0.324-0.0110.00
US10YU.S. 10 Year Treasury0.669-0.0230.00
US30YU.S. 30 Year Treasury1.356-0.0260.00
At around 4:55 a.m. ET, the yield on the benchmark 10-year Treasury note was lower at 0.6622% and the yield on the 30-year Treasury bond was down at 1.3503%. Yields move inversely to prices.
White House medical advisor Dr. Anthony Fauci said Tuesday that a vaccine will be essential in stopping the coronavirus spread, but warned it will be awhile before a useful one is available. Fauci added the U.S. could face more “suffering and death” if states start to reopen too quickly.
Data on Tuesday showed consumer prices dropped by the most on record in April as the economy reeled from restrictions imposed to contain the coronavirus.
House Democrats on Tuesday saw a $3 trillion-plus coronavirus relief package with funding for states, businesses, food support and families flatly rejected by Republican counterparts.
Producer price inflation data for April is due at 8:30 a.m. ET on Wednesday.
Auctions will be held Wednesday for $35 billion of 105-day Treasury bills, $40 billion of 154-day bills and $22 billion of 30-year bonds.

CNBC’s Maggie Fitzgerald and Yun Li contributed to this report.

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On Tuesday 12, May 2020

Treasury yields are flat after record drop in inflation data (Afternoon Update)

Yun Li, Elliot Smith

U.S. government debt yields held steady on Tuesday as investors digested weak inflation data and tracked measures to reopen the economy.
The yield on the benchmark 10-year Treasury note ticked lower by about 1 basis point to 0.711% and the yield on the 30-year Treasury bond was also slightly lower at 1.417%. Bond yields rise as prices fall.
Market optimism over efforts to reopen the economy was cooled Monday after the Chinese city of Wuhan, the original epicenter of the Covid-19 pandemic, reported its first new cases since lifting lockdown measures.
States across the U.S. and countries around the world have begun easing Covid-19 lockdown measures implemented to contain the coronavirus pandemic, which has ravaged the global economy. Fears the U.S. could see a resurgance in new cases sent investors for the relative safety of U.S. debt.
Data on Tuesday showed consumer prices dropped by the most on record in April as the economy reeled from restrictions imposed to contain the coronavirus.
The Bureau of Labor Statistics said the CPI excluding food and energy prices slumped 0.4%, the biggest monthly decline in data back to 1957.
President Donald Trump also said on Monday that he opposed renegotiating the “Phase One” trade agreement signed between Washington and Beijing in January, after China’s state-run newspaper reported discontent among government advisors.
Prior to the coronavirus pandemic, markets had been attuned to protracted trade negotiations between the world’s two largest economies.
The U.S. Treasury Department will auction $32 billion of 10-year notes later Tuesday.

Treasurys

TICKER COMPANYYIELD CHANGE %CHANGE 
US3MU.S. 3 Month Treasury0.1370.0050.00
US1YU.S. 1 Year Treasury0.157-0.0030.00
US2YU.S. 2 Year Treasury0.163-0.0180.00
US5YU.S. 5 Year Treasury0.323-0.0360.00
US10YU.S. 10 Year Treasury0.664-0.0620.00
US30YU.S. 30 Year Treasury1.37-0.0740.00



































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