BONDS
Treasury yields rise as investors mull reopening of economies
PUBLISHED MON, APR 27 20202:16 AM EDT
Elliot Smith@ELLIOTSMITHCNBC
U.S. government debt prices were lower Monday morning as investors assessed the possibility of economies around the world beginning to reopen after prolonged coronavirus shutdowns
shutdowns.
TREASURYS
TICKER COMPANY YIELD CHANGE %CHANGE
US 3-MO U.S. 3 Month Treasury 0.129 0.007 0.00
US 1-YR U.S. 1 Year Treasury 0.178 0.008 0.00
US 2-YR U.S. 2 Year Treasury 0.222 0.006 0.00
US 5-YR U.S. 5 Year Treasury 0.378 0.014 0.00
US 10-YR U.S. 10 Year Treasury 0.613 0.017 0.00
US 30-YR U.S. 30 Year Treasury 1.189 0.01 0.00
At around 2:15 a.m. ET, the yield on the benchmark 10-year Treasury note was higher at 0.6210% while the yield on the 30-year Treasury bond was up at 1.1947%. Yields move inversely to prices.
A number of U.S. states, including Colorado, Mississippi, Minnesota, Montana and Tennessee, have vowed to ease restrictions this week on commerce brought about by the coronavirus pandemic.
However, experts have warned against reopening economies without systematic diagnostic testing and contact tracing in place.
Meanwhile, White House advisor Kevin Hassett on Sunday told ABC that the historic economic hit from the lockdowns will likely increase the national unemployment rate to 16% or higher this month, necessitating more fiscal stimulus.
Auctions will be held Monday for $57 billion of 13-week Treasury bills, $48 billion of 26-week bills, $42 billion of 2-year notes and $43 billion of 5-year notes.
There are no major economic releases expected on Monday.
Source:https://www.cnbc.com/2020/04/27/treasury-yields-rise-as-investors-mull-reopening-of-economies.html
Treasury yields rise as investors mull reopening of economies
PUBLISHED MON, APR 27 20202:16 AM EDT
Elliot Smith@ELLIOTSMITHCNBC
U.S. government debt prices were lower Monday morning as investors assessed the possibility of economies around the world beginning to reopen after prolonged coronavirus shutdowns
shutdowns.
TREASURYS
TICKER COMPANY YIELD CHANGE %CHANGE
US 3-MO U.S. 3 Month Treasury 0.129 0.007 0.00
US 1-YR U.S. 1 Year Treasury 0.178 0.008 0.00
US 2-YR U.S. 2 Year Treasury 0.222 0.006 0.00
US 5-YR U.S. 5 Year Treasury 0.378 0.014 0.00
US 10-YR U.S. 10 Year Treasury 0.613 0.017 0.00
US 30-YR U.S. 30 Year Treasury 1.189 0.01 0.00
At around 2:15 a.m. ET, the yield on the benchmark 10-year Treasury note was higher at 0.6210% while the yield on the 30-year Treasury bond was up at 1.1947%. Yields move inversely to prices.
A number of U.S. states, including Colorado, Mississippi, Minnesota, Montana and Tennessee, have vowed to ease restrictions this week on commerce brought about by the coronavirus pandemic.
However, experts have warned against reopening economies without systematic diagnostic testing and contact tracing in place.
Meanwhile, White House advisor Kevin Hassett on Sunday told ABC that the historic economic hit from the lockdowns will likely increase the national unemployment rate to 16% or higher this month, necessitating more fiscal stimulus.
Auctions will be held Monday for $57 billion of 13-week Treasury bills, $48 billion of 26-week bills, $42 billion of 2-year notes and $43 billion of 5-year notes.
There are no major economic releases expected on Monday.
Source:https://www.cnbc.com/2020/04/27/treasury-yields-rise-as-investors-mull-reopening-of-economies.html
