Action in U.S. Treasuries was muted as traders eyed the last few sessions of the year containing little in the way of market-moving data
What’s happening The yield on the 2-year Treasury BX:TMUBMUSD02Y was down 14 basis points to 4.219%, according to FactSet data. Yields move in the opposite direction to prices.The yield on the 10-year Treasury BX:TMUBMUSD10Y retreated 1.3 basis points to 3.834%.The yield on the 30-year Treasury BX:TMUBMUSD30Y fell 3.3 basis points to 3.898%.
What’s happening The yield on the 2-year Treasury TMUBMUSD02Y was down 14 basis points to 4.219%, according to FactSet data. Yields move in the opposite direction to prices.The yield on the 30-year Treasury TMUBMUSD30Y fell 3.3 basis points to 3.898%. Wednesday will see the November pending home sales index published at 10 a.m. Eastern. On Thursday, the weekly initial jobless claims will be released and Friday sees the Chicago PMI report.
Markets are pricing in a 66% probability that the Fed will raise interest rates by another 25 basis points to a range of 4.50% to 4.75% after its meeting on February 1st, according to the CME FedWatch tool. The central bank is expected to take its Fed funds rate target to 4.95% by June 2023, according to 30-day Fed Funds futures.There was some notable action ‘Down Under’, however, where Australian 10-year bond yields jumped 21 basis points to 4.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
10-year Treasury yield ticks higher as investors weigh economic outlookLong-dated Treasury yields edge higher to begin a holiday-shortened week.
Read more »
Treasury yields rise as investors consider U.S. economic outlookU.S. Treasury yields rose on Tuesday as markets reopened after Christmas and investors awaited insights into the state of the U.S. economy.
Read more »
USD/CHF seesaws near 0.9300 as firmer Treasury yields probe US Dollar bearsUSD/CHF seesaws near 0.9300 as firmer Treasury yields probe US Dollar bears – by anilpanchal7 USDCHF RiskAppetite YieldCurve Coronavirus Currencies
Read more »
US Dollar Index extends recovery above 104.00 amid strong US Treasury bond yieldsUS Dollar Index extends recovery above 104.00 amid strong US Treasury bond yields – by anilpanchal7 DollarIndex RiskAppetite YieldCurve Fed China
Read more »
EUR/USD aptly portrays holiday mood around mid-1.0600s, Treasury bond yields eyedEUR/USD aptly portrays holiday mood around mid-1.0600s, Treasury bond yields eyed – by anilpanchal7 EURUSD RiskAppetite YieldCurve Currencies CentralBanks
Read more »