June 17, 2024
Treasury yields slip to lowest levels in over a week ahead of busy week of earnings, economic news

Treasury yields slip to lowest levels in over a week ahead of busy week of earnings, economic news

Treasury rates fell to their lowest levels in more than a week on Monday as a mild risk-off mood boosted demand for most government paper ahead of key U.S. economic data later in the week.However, yields on 1- and 2-month Treasury bills jumped as traders positioned for the possibility of two more rate hikes by the Federal Reserve in May and June.

What happened
What drove markets

Lingering concern about waning economic growth was one of the main factors sending investors into 3-month through 30-year Treasurys…

Source

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