US: Treasury yields fall on last day of month

Eren Sengezer FXStreet

Recent dismal data coupled with the ongoing concerns over Trump administration's ability to fulfill the promises on tax reform and infrastructure spending continues to push the yields on the U.S. Treasury bonds on the last day of the month.

Commenting on the data, Stan Shipley, bond strategist at Evercore ISI in New York, "with the economy not roaring ahead, and with inflation metrics proving disappointing, the market is not pricing in significant tightenings by the Fed beyond June, and the housing number plays into that," told Reuters on Wednesday.

As of writing:

U.S. 2-year bond was at 1.286% (-0.02%)
U.S. 5-year bond was at 1.757% (-0.2%)
U.S. 10-year bond was at 2.205% (-0.47%)
U.S. 30-year bond was at 2.869% (-0.53%)

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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