Market Snapshot: Government Bond Yield Continue to Fall

Yields on 10-year U.S. Treasury bonds fell today following the release of the jobless claims report, according to data from Tradeweb.

The bid yield on the 10-year US Treasury was at 2.232% at 2:02 PM EST, down 3.6 basis points from yesterday’s close of 2.268%. Today’s intraday low was 2.220%.This follows the release of the Labor Department’s jobless claims report showing 270,000 new claims, which, despite increasing from last month, was slightly below economists’ forecasts.

The bid yield on the 10-year German Bund closed at 0.706%, down 3.5 basis points from yesterday’s close of 0.651%. Today’s intraday low was 0.697%.

The bid yield on the 10-year U.K. Gilt closed at 1.925%, down 4.5 bps from yesterday’s close of 1.970%. Today’s intraday was was 1.917%.

CHART 1: US 10-Year Treasury Yields – August 7, 2014 – August 6, 2015 (12 Month View)

CHART 2: Germany 10-Year Bund Yields – August 7, 2014 – August 6, 2015 (12 Month View)

CHART 3: U.K. 10-Year Gilt Yields – August 7, 2014 – August 6, 2015 (12 Month View)