U.S. and European Bond Yields Fall

| Tradeweb

Yields on 10-year U.S. Treasury bonds dropped today ahead of tomorrow’s jobs report, according to data from Tradeweb.

The bid yield on the 10-year U.S. Treasury was 2.168% as of 2:02 PM EST, down 2.5 bps from yesterday’s close of 2.193%. Today’s intraday low was 2.154%, while the high was 2.195%. 

The bid yield on the 3-month U.S. Treasury was 0.018% as of 2:02 PM EST, down 1.3 bps from yesterday’s close of 0.031%. The intraday low for today was 0.015%, while the intraday high was .033%. 

The bid yield on the 6-month U.S. Treasury was 0.237% as of 2:02 PM EST, down 1.2 bps from yesterday’s close of 0.249%. The intraday low for today was 0.237%, while the intraday high was .254%. It is still near 0.265%, a high of almost 7.5 years reached on September 1, 2015.

These moves are ahead of tomorrow’s jobs report and a potential rate increase from the Fed following its September meeting.

Today, the ECB held a meeting announcing it would hold the line on its interest rate and that it anticipated slower growth and inflation, renewing speculation that it would expand its quantitative easing program. Below are the yields on some European government bonds following this:

  • 10-year German Bund: 0.724%, down 6.8 bps from yesterday’s close of 0.792%
  • 10-year U.K. Gilt: 1.900%, down 4 bps from yesterday’s close of 1.940%
  • 10-year Portuguese bond: 2.576%, down 12 bps from yesterday’s close of 2.696%
  • 10-year Italian bond: 1.903%, down 9.5 bps from yesterday’s close of 1.998%
  • 10-year French bond: 1.065, down 7.8 bps from yesterday’s close of 1.143%
  • 10-year Spanish bond: 2.088%, down 5.4 bps from yesterday’s close of 2.142%

CHART 1: U.S. 10-Year Treasury Yields – September 4, 2014 – September 3, 2015 (12 Month View)

CHART 2: U.S. 3-Month Treasury Yields – September 4, 2014 – September 3, 2015 (12 Month View)

CHART 3: U.S. 6-Month Treasury Yields – September 4, 2014 – September 3, 2015 (12 Month View)

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