|Day's Range||2.5660 - 2.6000|
|52 Week Range||2.4660 - 3.4550|
Traders in the fed funds futures market now expect a more than 50% chance of a 50 basis point rate cut by the Federal Reserve at its July 30-31 meeting, following the release of prepared remarks from New York Fed President John Williams. The chance of a 50 basis point rate-cut was estimated at 34% a day ago. The 2-year Treasury note yield , sensitive to expectations for Fed policy, tumbled 5.5 basis points to 1.781%. Debt prices move in the opposite direction of yields. Williams said the Fed should respond early to signs of economic weakness."When you only have so much stimulus at your disposal, it pays to act quickly to lower rates at the first sign of economic distress," he said. Among members of the Federal Open Market Committee, Williams has been an advocate for preemptive, or "insurance," rate cuts to prolong the expansion.
Treasury yields jump Tuesday after update on consumer spending shows the economic health of U.S. households remains in good shape.
Treasury yields fell on Monday as Chinese growth fell to its slowest pace since 1992, even as other accompanying data pointed to signs of stabilization.
Our call of the day comes from a money manager who says he got out of stocks and bonds in early July, and why investors should follow suit.
Long-term U.S. Treasury yields climb this week, despite trading lower on Friday, following testimony from Federal Reserve Chairman Jerome Powell, who entrenched expectations for interest rate-cuts at the end of this month.
U.S. Treasury yields climb after a stronger-than-expected June inflation reading weighs on demand for an auction of long-dated government paper.
U.S. Treasury yields came sharply off their highs on Wednesday after Federal Reserve Chairman Jerome Powell’s remarks spurred rate-cut bets
Treasury prices slip Tuesday, pushing yields higher, as a key debt auction for short-dated notes weighed on trading for U.S. government paper.
Treasury yields fall Monday as investors look ahead to June’s consumer prices data and Federal Reserve Chairman Jerome Powell’s testimony on the economic outlook later this week.
Treasury yields surge Friday after the June jobs report shows the U.S. labor market holding up despite global growth concerns.
Short-term Treasury yields rose sharply on Friday following a better-than-expected number in the nonfarm payrolls report, suggesting investors' expectations for a rate-cut as soon as July had been dealt a blow. The 2-year Treasury note yield climbed 4.6 basis points to 1.811%. The short-dated maturity is sensitive to expectations for the path of future interest rates. The 10-year note yield rose 3.1 basis points to 1.983%. Debt prices move in the opposite direction of yields. The U.S. economy added 224,000 jobs in June, well above the 170,000 jobs expected in May. The jobs report could help reverse some of the negative economic sentiment that has helped raise expectations for Federal Reserve policy easing later this year.
Treasury yields extend their fall on Wednesday amid reports that the Federal Reserve and the European Central Bank could appoint potentially dovish members to key positions.
U.S. Treasury yields fall Tuesday after Australia cut interest rates, underlining plans by the world’s major central banks to loosen monetary policy.
Treasury yields fell sharply on Tuesday, in line with the decline in British government bond yields, after dovish comments from Bank of England Governor Mark Carney stirred demand for haven assets. The 10-year Treasury note yield fell 5.7 basis points to 1.976%, near to its lowest level since November 2016 of 1.972%. The U.K. 10-year government bond yield plunged 8.1 basis points to 0.721%, Tradeweb data show. Carney said the risk of a global trade war and a no-deal Brexit could slam the global economy, underlining the fragility of U.K.'s expansion. Central banks across developed-markets have increasingly toned down their hawkish views or pushed for outright policy easing. The Reserve Bank of Australia lowered it key cash interest rate by a quarter percentage point to 1% on Tuesday, its second cut in as many meetings.
Treasury yields rise on Monday trading after the G-20 meeting between President Donald Trump and Chinese leader Xi Jinping led to a temporary cessation of trade hostilities between the two sides.
U.S. Treasury yields settled below 2% on Friday as the market awaited President Donald Trump’s meeting with his Chinese counterpart Xi Jinping on Saturday on the sidelines of the G-20 summit in Japan to discuss a potential path forward on their trade dispute. The 10-year Treasury note yield (BX:TMUBMUSD10Y) fell 5.1 basis point from Thursday’s close to 1.998%, while the 2-year note rate (BX:TMUBMUSD02Y) shed 4 basis points to 1.737%. The 30-year bond yield (BX:TMUBMUSD30Y) was lower by 3.9 basis point at 2.525%.
U.S. Treasury yields settled lower again on Thursday as market participants awaited the G-20 Summit in Japan, in which U.S. and China trade tensions are poised to take center stage. The 10-year Treasury note yield (BX:TMUBMUSD10Y) on Thursday dipped 4.1 basis points to 2.007%, the third-lowest of the year, while the 2-year note yield (BX:TMUBMUSD02Y) fell 3.6 basis points to 1.741%. The 30-year bond yield (BX:TMUBMUSD30Y) edged lower by 4.1 basis points to 2.524%, after opening higher in the morning.
Treasury yields edge up Wednesday after U.S. Treasury Secretary Steven Mnuchin said progress was likely on U.S.-China trade deal.
The fiscal health of the United States is projected to deteriorate as the aging of the population pushes up spending on Social Security and Medicare, according to a new estimate released Tuesday.
Treasury yields trade lower on Tuesday as investors sift for clues on the outlook for rate cuts among speeches by Federal Reserve officials.
Treasury yields slip on Monday as traders await President Donald Trump’s meeting with his Chinese counterpart Xi Jinping, amid hopes that their get-together could stave off a further escalation of a U.S-China trade clash.
Treasury yields rise Friday after news reports said President Donald Trump declined to launch military strikes against Iran in retaliation for shooting down a U.S. drone.
Treasury yields fall Thursday in the wake of a Federal Reserve meeting that indicated the possibility of easier monetary policy taking root for the rest of the year.
U.S. Treasury yields trade lower on Wednesday after the policy statement from the Federal Reserve’s two-day meeting suggests the central bank could cut rates later this year.
Treasury yields fell from their session highs after the Federal Reserve announced it would leave interest rates unchanged at a range between 2.25% and 2.50%, as expected. The 10-year Treasury note yield fell 1.1 basis points to 2.047%, after trading at an intraday high of 2.099%. The 2-year note yield fell 5.5 basis points to 1.803%. The 30-year bond yield was virtually unchanged at 2.549%. Bond prices move in the opposite direction of yields. The Federal Open Market Committee dropped the phrase "patience" from its policy statement and said uncertainties around the economic outlook had increased. The central bank's projections for interest rates, or the dot plot, showed eight members of the FOMC anticipated at least one rate cut this year.