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10-year Treasury yield hovers above 0.6% as investors anticipate dimming economic outlook
U.S. Treasury yields fell Tuesday as investors looked past an increase in consumer prices amid signs that the prospects for a continued recovery were fading. What are Treasurys doing? The 10-year Treasury note yield TMUBMUSD10Y, 0.615% fell 3 basis points to 0.609%, and briefly flirted with levels last seen in April when the benchmark maturity traded below 0.6%. The 2-year note rate TMUBMUSD02Y, 0.149% was down 0.8 basis point to 0.151%. The 30-year bond yield TMUBMUSD30Y, 1.293% tumbled 4.7 basis points to 1.290%. Bond prices move in the opposite direction of yields. What’s driving Treasurys? Consumer prices ... (full story)