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8/15, 7:51 AM (Source: TeleTrader)
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Treasuries rise, 30-year yield holds under 2%

Prices jumped on Thursday for United States government debt in a continued wave of buying after the worst selloff on Wall Street this year. Rising valuations of sovereign securities, which mean yields are declining, got traders analyzing the possibility that the equivalents of longest-term borrowing costs could dip below the level from the near end of the scale. Ten-year yields fell under two-year rates yesterday.

The first inverted yield curve in the key section in 12 years came after in March the difference between ten-year and three-month rates, also a widely watched indicator, turned negative. Yields on thirty-year Treasury bonds dropped under 2% for the first time and went on to land at 1.964%.

The two-year US yield was 2.5 basis points in the red at 1.555% at 1:48 am ET. The 10-year gauge dropped 2.5 points to 1.556% and zigzagged in an out of inversion. The 30-year yield was 4.1 points lower at 1.979%. Corresponding futures gained 0.03%, 0.1% and 0.36%, respectively.

Breaking the News / IT