Market Snapshot:U.S. 1-Month Yields Hover Near Record Negative Territory

Yields on U.S. Treasury securities fell today following the release of economic data, according to data from Tradeweb.

The bid yield on the 10-year U.S. Treasury bond was 2.125% as of 2:55 PM EST, down 1.9 bps from yesterday’s close of 2.144%. Today’s intraday low was 2.082%, while the intraday high was 2.157%. 

The bid yield on the 1-month U.S. Treasury bill was -0.025% as of 2:55 PM EST, down 0.7 bps from yesterday’s close of -0.018%. Today’s intraday low was -0.025% while the intraday high was -0.015%. This security’s yield has closed below zero every day since September 17, 2015. 

These moves follow the release of jobless claims coming in at 267,000 versus the estimate of 271,000 and continued uncertainty about the global economy, particularly in China. 

In Europe, the bid yield on the 10-year German Bund was 0.605%, down 0.1 bps from yesterday’s close of 0.606%. Today’s intraday low was 0.569%, while the intraday high was 0.620%. This follows continued speculation about an expansion of the ECB’s quantitative easing program.

CHART 1: U.S. 10-Year Treasury Yields – September 25, 2014 – September 24, 2015 (12 Month View)

CHART 2: U.S. 1-Month Treasury Yields – September 25, 2014 – September 24, 2015 (12 Month View)

CHART 3: German 10-Year Bund Yields – September 25, 2014 – September 24, 2015 (12 Month View)