Treasury Yields Slip Ahead of Key Economic Data, 30-Year Bond Touches 5%
Mumbai, June 10 -- Treasury yields moved lower on Tuesday as bond markets took a breather ahead of more economic data releases later this week.
The 10-year U.S. Treasury note yield - the key benchmark for mortgages, auto loans and credit card debt - was last seen down more than 2 bps at 4.52%. The 2-year Treasury note yield which is typically more sensitive to short-term Federal Reserve interest rate decisions, was more than 3 bps lower at 4.12%.
Meanwhile, the longer-dated 30-year Treasury bond yield which tends to react mainly to geopolitical risks, fell more than 2 bps to 5%.
Published by HT Digital Content Services with permission from Capital Market....
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