US Treasury yields were mixed on Tuesday as concerns about a potential economic slowdown continued to send investors looking for safety.
Yield on benchmarks at around 8:00 p.m. ET 10 year treasury note fell three basis points to 2.875%, while the yield 30 Year Treasury Bond fell to 3.103%. Yields move inversely to prices, and one basis point equals 0.01%.
The 2-year Treasury yield and other short-dated yields rose, however, flattening the yield curve.
Markets reopened Tuesday after the Fourth of July holiday, when key averages ended another losing week, marking one of Wall Street’s worst first halvings in decades.
In this short week, investors are looking forward Release of June Jobs Report Data on Friday, Job growth slowed in June, according to Dow Jones estimates, with 250,000 non-farm payrolls added, down from 390,000 in May. Economists surveyed expect the unemployment rate to remain at 3.6 per cent.
minutes from federal ReserveThe latest monetary policy meeting of Wednesday will also come into focus as investors look to assess the central bank’s interest rate growth trajectory.
Tuesday’s data includes May’s factory orders, while auctions will be held for $45 billion of 13-week Treasury bills and $42 billion of 26-week bills.