Monday 5 May 2014

US 10-year Treasury yields drop to lowest of year

- Treasury prices rose Monday ahead of data on the service sector, pushing 10-year yields down to their lowest since last October on a closing basis. The 10-year note  yield, which falls as prices rise, was down 2 basis points at 2.573%, according to Tradeweb. The 5-year note yield was down 3 basis points at 1.646%, and the 30-year bond yield was down half a basis point at 3.363%. Treasury prices rose on the back of weak Chinese manufacturing data. The Treasury Department will auction $69 billion worth of U.S. government debt between Tuesday and Thursday. 

Source: Marketwatch

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