Bond Yields Extend Drop Toward 2% - USA DAILY NEWS

Bond Yields Extend Drop Toward 2%

news image

The yield on benchmark U.S. government bonds hit new 2019 lows near 2% on Friday, a sign investors believe a slowing economy will spur the Federal Reserve to cut interest rates.

The 10-year Treasury yield, which falls as bond prices rise, dropped as low as 2.055% according to Tradeweb after an unexpectedly weak jobs report showed wage gains missing analysts’ expectations, signaling inflation remains muted. It finished the day at 2.085%, the lowest close since September 2017.

Read More

Leave a Reply

Your email address will not be published. Required fields are marked *