Treasury yields lower ahead of Powell testimony

Wednesday, 13. November 2019 16:19

United States Treasury yields were lower on Wednesday as prepared remarks to Congress from Federal Reserve Chair Jerome Powell showed that the central banker will warn of growth risks over global trade and an "unsustainable" budget. Investors will also be awaiting comments from other US central bankers following the release of US inflation data. However, the focus may shift to politics during the day as the first day of testimonies in the impeachment proceedings against President Donald Trump begins.

The two-year note yield lost 0.01 basis points and was at 1.64% at 10:14 am ET. The 10-year Treasury yield was down 0.032 basis points to 1.877% at 10:14 am ET while the 30-year bond's yield declined by 0.03 basis points to 2.355% at 10:15 am ET.

Their corresponding bond futures gained 0.06%, 0.38% and 0.80% at 10:05 am ET.

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