0635 GMT - Treasury yields decline in early European hours, having traded sideways in Asia, as investors started to buy Treasurys on the weakness prompted by Moody's Ratings' downgrade of the U.S. "After testing levels above 5%, 30-year U.S. Treasury bonds were bought when the U.S. participants walked in while bonds still underperform against swaps," says Commerzbank Research's Christoph Rieger in a note. The two-year Treasury yield falls 2 basis points to last trade at 3.963%, the 10-year Treasury yield is down 2.4 basis points at 4.450%, while the 30-year yield is down 3.3 basis points at 4.908%, according to LSEG data. With the yield fall being driven by the long end, the Treasury curve is flattening marginally. (emese.bartha@wsj.com)

(END) Dow Jones Newswires

May 20, 2025 02:35 ET (06:35 GMT)

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