U.S. Treasury Yields Ease but Stay Elevated as Structural Drivers Remain
Dow Jones
5 hours ago
0546 GMT - U.S. Treasury yields decline in Asian trade, nonetheless remain at elevated levels as oil prices also move lower. "Last week it was all about U.S. Treasurys and [Treasury Secretary Scott] Bessent's announcement on increased long-end buyback, prompting a mid-week rally," Danske Bank's Jesper Fjarstedt says in a note. "But as markets digested this and concluded that the structural drivers remain the same, the initial move was reversed and long-dated yields closed the week broadly unchanged," the senior analyst says. The 10-year Treasury yield falls 2.2 basis points to 4.714%, while the 30-year yield, which hit a 19-year high of 5.337% last week, declines 2.7 basis points to 5.248%, according to Tradeweb. Brent falls 1.36% to $93.11 per barrel.
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