U.S. government bond yields have been moving lower since late May, with the latest push coming from a weaker retail sales report.
The 10-year Treasury yield was down 3.7 basis points to 4.427% on Tuesday as data showed consumers spent less money last month than expected. Weaker economic data typically push investors into safer assets like Treasuries and lower the yields. Yields move in the opposite direction of bond prices.
The decline follows a recent trend. For context, the 10-year yield has moved as low as 4.35% recently after hitting a peak of 4.58% on May 21. The lower yield could in part be attributed to the solid buyer base that the Treasury has seen at its auctions; it’s effectively put a pause on chatter about investors moving away from U.S. debt.
DJ Kamal Mustafa
I’m DJ Kamal Mustafa, the founder and Editor-in-Chief of EMEA Tribune, a digital news platform that focuses on critical stories from Europe, the Middle East, Africa, and Pakistan. With a deep passion for investigative journalism, I’ve built a reputation for delivering exclusive, thought-provoking reports that highlight the region’s most pressing issues.
I’ve been a journalist for over 10 years, and I’m currently associated with EMEA Tribune, ARY News, Daily Times, Samaa TV, Minute Mirror, and many other media outlets. Throughout my career, I’ve remained committed to uncovering the truth and providing valuable insights that inform and engage the public.
