image credit: Paul Savala / Flickr

Treasury yields struggle for direction as stimulus hopes contend against virus fears

March 25, 2020

U.S. Treasury yields edged up in choppy trading on early Wednesday as investors struggled to balance news of a $2 trillion fiscal stimulus package agreement against broader worries about the ongoing infection rate and death toll from the COVID-19 pandemic.

What are Treasurys doing?

The 10-year Treasury note yield TMUBMUSD10Y, +0.35% was up 0.8 basis point to 0.826%, while the 2-year note rate TMUBMUSD02Y, -0.13% fell 2.3 basis points to 0.353%. The 30-year bond yield TMUBMUSD30Y, -0.13% rose 1.4 basis points to 1.383%. Bond prices move in the opposite direction of yields.

Read More on Market Watch