Treasury yields drop after Trump cancels vote on health care bill
|Treasuries rallied, pushing the yields lower after President Trump withdrew the health care bill on Friday as it failed to gain enough support to pass in Congress.
At the time of writing, the yield on the 10-year Treasury note was down 3.4 basis points at 2.366%. The 2-year yield was down 1.2 basis points at 1.236%.
The 10-year yield trades below 100-DMA level of 2.381%. Meanwhile, the 30-year yield closed below 100-DMA for the first time since October.
The risk aversion seen this Monday morning is likely to keep the treasuries in demand. Moreover, Trump’s failure in pushing the health care bill has forced investors to question his ability to push forward other legislative measures, including tax cuts and regulatory reforms.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.