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 Wednesday United States government debt prices were lower, with the Federal Reserve poised to announce its latest interest rate decision later in the session.