4 Global Market Updates- 2 July, 2022
In this article, we have covered the highlights of global market news about the Treasury yield, the U.S. economy, BlockFi, and the Midday stock moves.
10-year Treasury yield drops to its lowest point since May.
Friday saw a decline in U.S. Treasury rates as recession worries and poor economic data prompted investors to seek shelter.
The benchmark 10-year Treasury note’s yield decreased by eight basis points to 2.889 percent, close to its lowest position since late May. The 30-year Treasury bond’s yield decreased by less than one basis point to 3.116 percent.
The 2-year Treasury rate, often more responsive to changes in
American monetary policy, was eight basis points lower at 2.839 percent.
Prices and yields follow opposite trends.
After the ISM manufacturing index came in at 53, just shy of the 54.3 Dow Jones projection, yields continued to decline.
In this article, we have covered the highlights of global market news about the Treasury yield, the U.S. economy, BlockFi, and the Midday stock moves.
10-year Treasury yield drops to its lowest point since May.
Friday saw a decline in U.S. Treasury rates as recession worries and poor economic data prompted investors to seek shelter.
The benchmark 10-year Treasury note’s yield decreased by eight basis points to 2.889 percent, close to its lowest position since late May. The 30-year Treasury bond’s yield decreased by less than one basis point to 3.116 percent.
The 2-year Treasury rate, often more responsive to changes in
American monetary policy, was eight basis points lower at 2.839 percent.
Prices and yields follow opposite trends.
After the ISM manufacturing index came in at 53, just shy of the 54.3 Dow Jones projection, yields continued to decline.
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