Treasury yields dipped on Monday morning as traders geared up for the last trading session of the month and looked ahead to key jobs data at the end of the week.
The yield on the benchmark 10-year Treasury note, which moves inversely to price, fell 2 basis points to around 0.71%, while the yield on the 30-year Treasury bond was also lower at 1.48%.
TREASURYS
TICKER COMPANY YIELD CHANGE %CHANGE
US3M U.S. 3 Month Treasury 0.104 0.00 0.00
US1Y U.S. 1 Year Treasury 0.122 0.003 0.00
US2Y U.S. 2 Year Treasury 0.133 -0.002 0.00
US5Y U.S. 5 Year Treasury 0.267 -0.008 0.00
US10Y U.S. 10 Year Treasury 0.708 -0.021 0.00
US30Y U.S. 30 Year Treasury 1.476 -0.032 0.00
Federal Reserve Vice Chair Richard Clarida on Monday reiterated that the Federal Reserve will not raise interest rates just because the unemployment rate is falling.
In a wide-ranging speech that addressed a major policy shift in Fed thinking, Clarida also said he and his fellow officials do not see negative interest rates as a viable option now and doubt the effectiveness of yield curve controls, though that could change.
Traders will also look ahead to Friday, when the latest U.S. jobs report is set for release. Economists polled by Dow Jones forecast that 1.255 million jobs were created in August.
– CNBC.