Treasury yields finished mostly lower on Tuesday, with the benchmark 10-year rate returning to an almost five-month low, after the Bank of Japan kept its negative interest-rate policy and gave little indication of a potential shift in its ultra-loose stance soon.
What happened
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The yield on the 2-year Treasury
BX:TMUBMUSD02Y
slipped 1.8 basis points to 4.437%, from 4.455% on Monday. -
The yield on the 10-year Treasury
BX:TMUBMUSD10Y
fell 3.4 basis points to 3.921%, from 3.955% on Monday. Tuesday’s level is the lowest since July 26, based on 3 p.m. Eastern time figures from Dow Jones Market Data. -
The yield on the 30-year Treasury
BX:TMUBMUSD30Y
dipped 3.3 basis points to 4.035%, from 4.068% on Monday.
What drove markets
Traders were parsing a trio of different bond-market drivers on Tuesday.
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