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Market Snapshot: U.S. 3-Month Yield Hovering Near Its Highest Point in 8 Years as Treasury Yields Fall Following Jobs Report

| Tradeweb

Yields on U.S. Treasuries fell following today’s jobs report, with securities with longer maturities falling the most.

According to Tradeweb data, yields on the 2-year note declined by 1.5 bps, while yields on the 10-year note and 30-year bond each dropped by 2.9 bps and 3.1 bps, respectively. 

Yields on 1- and 6-month bills both fell by 0.5 bps.

The yield on the 3-month bill also declined by 0.5 bps to 0.368% but is still hovering near its highest point in almost 8 years. Yesterday’s close of 0.373% was the highest since November 5, 2008, when it reached 0.416%.

Today’s jobs report showed a gain of 161,000 jobs for October, compared to a revised 191,000 for September and a revised 176,000 for August. 

Included below are numbers based on indicative, real-time data from Tradeweb as of 2:10 PM ET.


CHART 1: U.S. 3-Month Yield – November 6, 2015 - November 4, 2016 (12-Month View)

CHART 2: U.S. 10-Year Yield – November 6, 2015 - November 4, 2016 (12-Month View)