Treasury yields rose Tuesday morning, with 10-year interest rates above 1.19%, despite fears of slowing growth.
Benchmark yield 10-year government bond It rose 2 basis points to 1.192% at 4:20 EST.Yield 30-year government bond Added 1 basis point, up to 1.864%. Yield is inversely proportional to price. One basis point is equivalent to 0.01%.
Monday’s 10-year yield fell to 1.15% after data showed that US manufacturing expanded in July at a slower pace than the previous month.
The epidemic of delta coronavirus variants was also a concern for investors. The seven-day average of coronavirus cases per day in the United States reached 72,790 on Friday. Beyond the peak seen last summer According to data compiled by the Centers for Disease Control and Prevention, when the country did not have a licensed Covid-19 vaccine.
father, Federal Reserve Board of Governors Christopher Waller told CNBC on Monday Central banks may begin tapering bond purchases as early as October.
Federal Reserve Board of Governors Michelle Bowman will speak on Tuesday at 2:00 pm at a research seminar hosted by the Central Bank’s Board of Governors on efforts to restore a comprehensive labor market.
On the data side, the August IBD / TIPP Economic Optimism Index will be released Tuesday at 10 am. Factory order data for June will also be released at 10 am EST.
An auction will take place on Tuesday, with $ 20 billion of the 42-day invoice sold.
— CNBC’s YunLi contributed to this market report.
Treasury yields rise despite concerns about slowing growth
Source link Treasury yields rise despite concerns about slowing growth