Treasury 10-year yields reach 6-week low
According to Bloomberg, Treasury 10-year notes rose, pushing yields to the lowest level in six weeks. This is all occurring as Washington D.C. preps for budget battles.
The benchmark U.S. 10-year yield declined two basis points, or 0.02 percentage point, to 2.64 percent at 11:47 a.m. New York time, according to Bloomberg Bond Trader prices. It touched 2.63 percent, the lowest since Aug. 13. The price of the 2.5 percent security due in August 2023 added 1/8, or $1.25 per $1,000 face amount, to 98 25/32.