US Treasury yields decline as COVID-19 cases rise

Tuesday, 17. November 2020 16:36

The returns on US Treasuries, which move opposite to bond prices, declined on Tuesday as the number of coronavirus cases in the US continued to increase and economic data showed worse-than-expected retail sales in October.

The 30-year Treasury yield fell by 3 basis points to 1.63% at 10:28 am ET, as it reached levels from November 7. The 10-year bond yield lost 2.8 basis points and was at 0.878% at the same time while the 2-year note yield was down by 0.2 basis points at 0.177% at 10:25 am ET.

The respective bond futures were up 0.47%, 0.16% and 0.01%, all at 10:20 am ET.

Related Links: 
Breaking the News / VP