Lates News

With the heat of risk aversion and the impact of bond supply factors pushing up US bond prices, the 30-year Treasury bond yield has fallen to its lowest level so far this year. Shortly before noon New York time, yields on bonds of various maturities generally fell by at least 2 basis points, with the maximum decline reaching 4 basis points. The 30-year Treasury bond yield fell below 4.80% for the first time this year and is now below the 200-day moving average, the first time since early December that the yield is expected to close below that average. Catalysts for this rise include a decline in US benchmark stock indices, additional safe-haven demand triggered by expectations of US military action against Iran, and the Supreme Court delaying a ruling on tariffs (which improves the US fiscal outlook). Supply considerations also played a role, with strong demand at recent Treasury auctions and the Federal Reserve's regular bond repurchase operations on Wednesday targeting bonds maturing in 20 to 30 years. In addition, US bonds have been supported by rising British bonds, with the 10-year British bond yield falling to 4.35%, reaching a new closing low in over a year.