5/28/2019, 11:23 AM (Source: TeleTrader)
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Ten-year US Treasury yield dips to 20-month low

Markets showed continued concern on Tuesday about the impact of the trade war between the United States and China and a buying wave hit debt securities issued by the Department of the Treasury in Washington. Traders brushed off overnight gains in stocks in Asia as US President Donald Trump was about to head home from Japan and government bonds surged, knocking yields down. China has been publishing macroeconomic data which fueled pessimism. However, Wall Street was slightly higher in premarket trading.

The yield on the two-year notes declined by 1.7 basis points to 2.145% at 5:20 am ET. The 10-year note rate weakened 4.4 points to 2.282% after touching 2.275% for the first time since September 28, 2017, on a closing basis. The 30-year measure fell 3.7 points to 2.714%. The session low, 2.703%, was unseen since October 12, 2017. Corresponding futures prices grew 0.04%, 0.21% and 0.41%, respectively.

In comparison, Britain's ten-year gilt yield fell as much as four points to 0.918%, last seen in October 2016.

Baha Breaking the News (BBN) / IT