Treasury yields press to their lowest levels since the days following Trump's election win
Scott Olson/Getty Images
- 2-year -1.6 bps @ 1.286%
- 3-year -2.7 bps @ 1.415%
- 5-year -3.8 bps @ 1.704%
- 7-year -4.1 bps @ 1.954%
- 10-year -4 bps @ 2.142%
- 30-year -3.5 bps @ 2.802%
Yields rallied sharply in the weeks following the election amid speculation Donald Trump's platform would bring inflation back to the United States. The benchmark 10-year yield touched a high of 2.64% in the middle of March, but has been in a steady decline ever since as Trump's policies have failed to make their way through Congress.
Tuesday's buying pushed the benchmark 10-year yield to a low of 2.13%, a level last seen since November 10, two days after the election. The 30-year yield fell to its own six-month low of 2.79%.
The yield curve is seeing little impact from Tuesday's action with the 2-10-year spread stuck near 85 basis points. It hasn't been this flat since the beginning of October.
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