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US Treasury Yields Decline On COVID-19 Worries

M. Ali 14 October, 2020 12:45 am Market Update

Treasury yields in the United States declined on Tuesday, amid increased demand due to concerns about COVID-19 and the effectiveness of its new remedies.

Return on the 10-year Treasury notes decreased by 4.9 basis points to 0.726%. This is the biggest decline in the benchmark treasury yield since June 11.

Meanwhile, 30-year bond yield decreased by 6 basis points to 1.513%, the biggest daily decline since Jily 9.

Yield on the two-year notes fell by 1.4 basis points to 0.139%.

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