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7/5, 4:19 PM (Source: TeleTrader)
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US Treasury yields decline as recession worries remain

United States Treasury yields fell on Tuesday as investors seemed still affected by concerns about an economic downturn that could come as a consequence of the Federal Reserve's monetary policy tightening.

Minutes from the Fed's latest meeting, due to be released tomorrow, as well as Friday's nonfarm payrolls report are expected to provide more insight into the state of the US economy.

The return on the 10-year Treasury note dropped 6.8 basis points to 2.836% at 10:17 am ET. The yield on the two-year note decreased 2.5 basis points to 2.82% at the same time, while the return on the 30-year bond was down 5.3 basis points to 3.078% a minute later.

Baha Breaking News (BBN) / MS