Authorities bond yields are transferring as merchants see additional stimulus
US Treasury bond yields continued to rise Tuesday morning as traders considered the possibility of further economic stimulus and the US policy situation.
The benchmark 10-year Treasury note yield rose to 1.156% at 4:10 a.m. ET, while the yield on the 30-year Treasury note reached 1.888%. The returns move inversely to the prices.
Treasury bond yields rose after President-elect Joe Biden promised last week to provide more “trillion dollar” economic stimulus. Further details will follow in an official announcement on Thursday.
The House Democrats on Monday introduced an impeachment article against incumbent US President Donald Trump for inciting a crowd of his supporters who broke into the US Capitol last week.
Raphael Bostic, president of the Federal Reserve Bank of Atlanta, will speak again Tuesday at 9:30 a.m. ET and 11:00 a.m. ET. Fed Governor Lael Brainard is expected to deliver a speech at 9:35 a.m. ET with Robert Kaplan, President of the Dallas Fed, at 11 p.m. ET and Loretta Mester, President of the Cleveland Fed, at 12 p.m. ET.
A January update to the IBD / TIPP Index of Economic Optimism, which measures Americans’ economic outlook, will be released at 10 a.m. ET along with JOLT’s November job vacancy data.
Weekly API Crude Inventory Change Numbers are expected to be released at 4:30 p.m. ET.
Auctions will be held Tuesday for $ 30 billion worth of 119-day bills, $ 30 billion worth of 42-day bills, and $ 38 billion worth of 9-year, 10-month notes carried out.
– CNBC’s Jacob Pramuk contributed to this report.