Reported 8 months ago
US Treasury yields slid to fresh session lows as investors embraced a sale of 20-year bonds and anticipated Federal Reserve interest-rate cuts, following weak retail sales data. Yields declined across the maturity spectrum led by the two-year yield dropping nearly 8 basis points. The $13 billion auction of 20-year Treasuries showed stronger-than-expected demand, with a yield of 4.452% versus around 4.48% pre-auction. The market-implied odds of a quarter-point rate cut by the Fed at the September meeting have increased to about 68%.
Source: YAHOO