Ten-year Treasury yield declines on virus concerns

Tuesday, 20. July 2021 15:25

United States Treasury yields decreased on Tuesday as the reemergence of the coronavirus clouded the expectations of accelerated economic recovery. According to the US Centers for Disease Control and Prevention (CDC) data, the seven-day moving average number of new infections rose to 26,011 on July 18, compared to 13,732 recorded on July 1.

The yield on the benchmark 10-year Treasury note lost 4.5 basis points to 1.136% at 9:20 am ET, the lowest since February. The return on the two-year note decreased by 1.4 basis points to 0.196% at 9:21 am ET, while the yield on the 30-year debt fell by 3.1 basis points to 1.784% at 9:22 am ET, hitting a six-month low.

The two-year note futures were up 0.05%, the 10-year note futures gained 0.45% and the 30-year bond futures rose by 0.68% at 9:14 am ET.

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