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TREASURY YIELDS EASE AS INVESTORS ASSESS IRAN WAR’S IMPACT ON ECONOMIC OUTLOOK
U.S. Treasury yields eased slightly on Tuesday after spiking the previous session, as concerns about higher energy costs caused by the Middle East conflict continue to grip markets.
💬Yields on the 10-year Treasury note — a key barometer for U.S. government borrowing — were seen about 2 basis points lower, at 4.4241%, in early trade.
💬Yields on the shorter-term 2-year Treasury note, which closely track interest rate decisions by the Federal Reserve, moved lower by more than 2 basis points, to 3.9357%.
💬The 30-year Treasury yield also slipped more than 2 basis points, but remains above 5%, at to 5.0074%.
One basis point equals 0.01%, and yields and prices move inversely to one another.
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