U.S. Treasury yields were lower on Friday morning, as Congress continued to haggle over pandemic relief funding. The yield on the benchmark 10-year Treasury note dipped to 0.8882% at 5 a.m. ET, while the yield on the 30-year Treasury bond fell to 1.6157%. Yields move inversely to prices.
On Friday U.S. Treasury yields moved lower after Covid-19 cases globally reached a single-day record, along with uncertainty ahead of next week’s United States presidential election.
On Thursday U.S. Treasury yields moved slightly lower ahead of economic data due to be released later in the day, which is expected to show record-breaking growth in the U.S. economy.
On Wednesday U.S. government debt prices were lower as hope returned for a fresh round of fiscal stimulus before the election. The yield on the benchmark ten year Treasury note had jumped to 0.8293% while the yield on the thirty year Treasury bond climbed to 1.6430%. Yields move inversely to prices.
On Tuesday treasury yields slipped as traders digest the latest news surrounding a potential U.S. fiscal stimulus package along with muted inflation growth.
On Wednesday United States government debt prices were lower, with the Federal Reserve poised to announce its latest interest rate decision later in the session.
On Tuesday United States government debt prices were higher, as investors closely monitored economic data and Treasury auctions. The yield on the benchmark 10-year Treasury note was lower at 0.6693% and the yield on the 30-year Treasury bond was down at 1.4253%. Yields move inversely to prices.