11/30/2021, 4:47 PM (Source: TeleTrader)
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Ten-year Treasury yield lands at two-month low

The yield on the benchmark ten-year United States Treasury note dropped on Tuesday after additional concerns surrounding the Omicron coronavirus variant seemingly prompted investors to turn to bonds amid stock market volatility. Traders will also monitor Federal Reserve Chair Jerome Powell's and Treasury Secretary Janet Yellen's testimonies before the Senate Committee on Banking, Housing, and Urban Affairs.

The yield on the 10-year Treasury note contracted by 4.9 basis points to 1.45% at 10:40 am ET, shortly after falling to a level last seen in September. The return on the two-year note was unchanged at 0.488% at 10:43 am ET, while the yield on the 30-year bond fell by 4.2 basis points to 1.813% at the same time.

The two-year note futures were down 0.01%, the 10-year note futures gained 0.24% and the 30-year bond futures rose by 0.62% at 10:37 am ET.

Baha Breaking the News (BBN) / MS