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Treasury yields inch lower ahead of first bond auction of week

July 7, 2020

U.S. Treasury yields declined slightly in early Tuesday trade before a debt auction is expected to highlight the U.S. government’s ultra-low borrowing costs as the economy recovers from the coronavirus crisis.

What are Treasurys doing?

The 10-year Treasury note yield TMUBMUSD10Y, 0.668% fell 1.1 basis point to 0.673%, while the 2-year note rate TMUBMUSD02Y, 0.164% was flat at 0.161%. The 30-year bond TMUBMUSD30Y, 1.424% slipped 1.8 basis points to 1.424%.

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