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Treasury yields rise as global stock markets rally

May 18, 2020

U.S. Treasury yields rose Monday, following global equity markets higher, after Federal Reserve Chairman Jerome Powell said the central bank still had tools to fight the recession. Reports of early success from an experimental coronavirus vaccine also added to selling in haven bonds and buying of stocks.

What are Treasurys doing?

The 10-year Treasury note yield TMUBMUSD10Y, 0.698% was up 2.6 basis point to 0.666%, while the 2-year note rate TMUBMUSD02Y, 0.173% was up 0.6 basis point at 0.153%. The 30-year bond yield TMUBMUSD30Y, 1.411% rose to 1.367%.

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