TELETRADER News
5/2, 4:57 PM
(Source: TeleTrader)
US Treasury yields plunge with job openings near 2-year low
United States Treasury yields were down across the board on Tuesday after the number of job openings in the country in March 2023 came in at the lowest level since May 2021. Participants in several markets seemingly interpreted the data as a sign that the chances of a recession occurring are higher than previously thought and fled from riskier investments, seeking the safety of assets such as gold and bonds.
The return on the 10-year Treasury note was down 13.1 basis points to 3.441% at 10:54 am ET and the yield on the two-year note dropped 18.4 basis points to 3.949% a minute later. The return on the 30-year bond decreased by 8.9 basis points to 3.728% at 10:55 am ET.