Market Snapshot: U.S. 10-Year Yields Fall After FOMC Minutes Are Released
Yields on 10-year U.S. Treasury bonds were down following the release of the minutes from the FOMC meeting in July, according to data from Tradeweb.
The bid yield on the 10-year U.S. Treasury was 2.124% as of 3:15 PM EST, down 6.3 bps from yesterday’s close of 2.196%. Today’s intraday low was 2.134%, while the high was 2.228%. This comes after the release of the FOMC meeting minutes indicating economic conditions were approaching the point to merit a rate increase. It also follows the consumer price index showing an increase of 0.2%, the six month in a row that prices moved up.
The bid yield on the 2-year U.S. Treasury was 0.657% as of 3:15 PM EST, down 5.7 bps from yesterday’s close of 0.718%. The intraday low for today was 0.653%, while the intraday high was 0.734%.
Below are the yields for some Eurozone bonds following the German parliament voting in favor of Greece’s aid package:
10-year German Bund: 0.614%, down 2.8 basis points from yesterday’s close of 0.642%
10-year Greek Bond: 9.360%, up 8.1 basis points from yesterday’s close of 9.279%
10-year Spanish Bond: 1.987%, down 0.5 basis points from yesterday’s close of 1.992%
10-year Italian Bond: 1.804%, up 0.2 basis points from yesterday’s close of 1.802%
The charts below are based on indicative, real-time data from Tradeweb.
CHART 1: U.S. 10-Year Treasury Yields – August 20, 2014 – August 19, 2015 (12 Month View as of 3:15pm ET)
CHART 2: U.S. 2-Year Treasury Yields – August 20, 2014 – August 19, 2015 (12 Month View as of 3:15pm ET)