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On Thursday, US Treasury yields moved down due to negative economic readings

July 31, 2020 | Cbonds

Yield Curve

UST 2Y YTM:

0,11% (1 bp down)
UST 5Y YTM:
0,23% (2 bp down)
UST 10Y YTM:
0,55% (3 bp down)
UST 30Y YTM:
1,20% (4 bp down)

On Thursday, US Treasury yields moved down due to negative economic readings. Although the GDP growth and Initial Jobless Claims data were better than anticipated by analysts, a significant number of claims and dramatic GDP contraction caused the decline in the yields. The GDP growth amounted to -32.9% vs. -34.1%; Initial Jobless Claims reached 1434K vs. 1450K.  Jon Hill, a US rates strategist at BMO, said: the resulting net price action was an intuitive bull-flattening of the Treasury yield curve.
The 10-year yield reached the lows of the beginning of March; the 30-year yield was at minimums of the end of April. 2- and 5-year yields kept forming new lows.

Company: USA

Full company nameThe United States of America
Country of riskUSA
Country of registrationUSA

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