Treasurys are finally catching a bid
Getty Images
Yields have been screaming higher since early Wednesday when it became clear that Trump would become the 45th president of the United States as traders speculated his plan to cut taxes and introduce massive infrstructure spending would bring back inflation.
Tuesday's bid has yields across the curve down by as much as 5 basis points. Here's a look at the scoreboard as of 7:25 a.m. ET.
- 2-year -1.8 bp at 98.4 bps
- 3-year -3.2 bps at 1.248%
- 5-year -4.8 bps at 1.634%
- 7-year --5.6 bps at 1.985%
- 10-year -6.2 bps at 2.199%
- 30-year -6.3bps at 2.949%
Selling over the past week or so caused yields across the Treasury complex to climb to levels last seen in late 2015/early 2016. Up front, the 2-year cross the 1.00% threshold for the first time since the beginning of January. Elsewhere, at the long end, selling propelled the 30-year above 3.00%, a level which it had not been above since the end of December.
Investing.com
- US-China tariff war could benefit several sectors in India while harming a few others
- Amid heatwave, Delhi's power demand soars to May's highest ever at 7,572 MW
- 84% of Indian small businesses anticipate robust growth in 2024: CPA Australia survey
- Go Digit IPO allotment – How to check allotment, GMP, listing date and more
- 10 breathtaking valleys to visit in India in 2024