U.S. Treasury yields fell slightly Tuesday as traders watched the path of COVID-19 in Europe and parsed testimony from Federal Reserve Chairman Jerome Powell.
How did Treasurys perform?
The 10-year Treasury note yield TMUBMUSD10Y,
What drove the market?
Markets continued to monitor the state of COVID-19 in Europe amid signs that the trajectory of the disease was picking up in Spain, France and the United Kingdom. It remains unclear if policy makers broadly are willing to put in place similar restrictions as those in March at the risk of stalling a fragile economic rebound but the U.K. has implemented some restrictions on bars and restaurants and encouraged those who could to work from home.
Coronavirus update: U.S. death toll passes 200,000, as new cases rose by more than 50,000 in a day
Meanwhile, Federal Reserve Chairman Jerome Powell testified before the House Financial Services Committee on Tuesday. He said it was important for Congress to deliver more aid to the economy through another round of fiscal stimulus.
Read: Fed’s Powell tells Congress it’s up to them to provide aid to some troubled companies
Investors also handled some U.S. economic data. Existing home sales increased for the third consecutive month in August, rising 2.4% from July to a seasonally adjusted, annual rate of 6 million.
The Treasury Department auctioned off $52 billion of 2-year notes in the afternoon. Market participants managed to take down the sale without much indigestion, a reflection that investors have accepted the Fed’s commitment to keep rates low for the next few years.
What did market participants’ say?
“The bond market seems to still be committed to its skepticism about a number of things, except inflation and the Fed’s desire to keep rates low. It does seem to still be concerned about the election, the economy, the virus, the potential for a stimulus package, and the growing fear of a second wave of COVID-19,” said Kevin Giddis, chief fixed-income strategist at Raymond James.
“
tinyurlis.gdu.nuclck.ruulvis.netshrtco.de
مقالات مشابه
- پاریس جکسون آینده تجسم عیسی جرقه واکنش; هزار نفر ثبت دادخواست اعتراض
- MLB ممکن است تعطیل تمام بهار سایت های آموزشی برای coronavirus تمیز کردن
- شرکت صادرات و واردات کالاهای مختلف از جمله کاشی و سرامیک و ارائه دهنده خدمات ترانزیت و بارگیری دریایی و ریلی و ترخیص کالا برای کشورهای مختلف از جمله روسیه و کشورهای حوزه cis و سایر نقاط جهان - بازرگانی علی قانعی
- The Margin: Kids under age 5 may carry a much higher coronavirus viral load than older children and adults: study
- حرمسرا ترکی در آکروپلیس؟ به احتمال زیاد این یک افسانه یونانی است
- مرگ مواد شیمیایی
- ده چیزی که درباره زمین نمی دانید
- آموزش تقویت سئو
- آیا ایزوگام کردن ساختمان های فلزی ضروری است؟ پاسارگاد عایق پارس تولیدکننده ایزوگام و قیر
- <h3>هورنت چیست؟</h3>