Market Snapshot: U.S. 10 Year Yields Up, U.S. 2 Year Yields Approach 12 Month High

Yields on 10-year U.S. Treasury bonds increased today amid increases in the stock market, according to data from Tradeweb.

The bid yield on the 10-year U.S. Treasury was 2.193% as of 1:50 PM EST, up 6.9 bps from Friday’s close of 2.128%. Today’s intraday high was 2.197%, while the low was 2.128%.

The bid yield on the 2-year U.S. Treasury was 0.737% as of 1:50 PM EST, up 3.6 bps from Friday’s close of 0.705%. The intraday high for today was 0.741%, while the intraday low was 0.701%. This is off only 0.2 bps from its 12-month high of 0.739%, reached on August 31, 2015 and on December 24 and 26, 2014.

The bid yield on the 30-year U.S. Treasury was 2.971% as of 1:50 PM EST, up 8.1 bps from Friday’s close of 2.890%. The intraday high for today was 2.972%, while the intraday low was 2.887%. 

The moves have occurred amidst continued volatility in the global stock markets and continued speculation about an interest rate increase after the Fed’s September 17 meeting. 

In Europe, the bid yield on the 10-year German Bund was 0.685%, up 1.4 bps from yesterday’s close of 0.671%. Today’s intraday high was 0.815%, while the intraday low was 0.661%. This follows last week’s ECB meeting where interest rates were kept at their current levels. 

CHART 1: U.S. 10-Year Treasury Yields – September 9, 2014 – September 8, 2015 (12 Month View)

CHART 2: U.S. 2-Year Treasury Yields – September 9, 2014 – September 8, 2015 (12 Month View)

CHART 3: U.S. 30-Year Treasury Yields – September 9, 2014 – September 8, 2015 (12 Month View)

CHART 4: German 10-Year Bund Yields – September 9, 2014 – September 8, 2015 (12 Month View)