Treasury yields declined on Monday in rangebound trade, as investors await a crucial week that includes details of the U.S. government’s first-quarter borrowing needs, a Federal Reserve policy decision and a December jobs report. Investors also are keeping a close eye on the situation in the Middle East, after the U.S. vowed to retaliate for a weekend drone attack that killed three U.S. troops in Jordan, marking a significant escalation in tensions.
See: Biden vows retaliation after 3 Americans killed, dozens wounded in drone attack by Iran-backed militia in JordanYield moves
The yield on the 2-year Treasury note
BX:TMUBMUSD02Y
was off 2 basis point, to 4.328% after ending last week at 4.365%, according to FactSet data. Yields and debt prices move opposite each other.
The 10-year Treasury note
BX:TMUBMUSD10Y
was falling 4 basis points, to 4.104%, down from 4.159% at 3 p.m. ET on Friday.
The yield on the 30-year Treasury bond
BX:TMUBMUSD30Y
was declining 3 basis points, to 4.354% versus 4.388% late Friday.
Market drivers On Monday afternoon, the U.S. Treasury Department is set to reveal its revised forecast for first-quarter borrowing …
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See: Biden vows retaliation after 3 Americans killed, dozens wounded in drone attack by Iran-backed militia in JordanYield moves
The yield on the 2-year Treasury note
BX:TMUBMUSD02Y
was off 2 basis point, to 4.328% after ending last week at 4.365%, according to FactSet data. Yields and debt prices move opposite each other.
The 10-year Treasury note
BX:TMUBMUSD10Y
was falling 4 basis points, to 4.104%, down from 4.159% at 3 p.m. ET on Friday.
The yield on the 30-year Treasury bond
BX:TMUBMUSD30Y
was declining 3 basis points, to 4.354% versus 4.388% late Friday.
Market drivers On Monday afternoon, the U.S. Treasury Department is set to reveal its revised forecast for first-quarter borrowing …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]