PRESS ROOM
US Treasury yields continue to move sideways
Monday 19th October '20
US Treasury yields have remained rangebound since dropping sharply in March. With the US Federal Reserve now targeting average inflation and expected to keep rates low for longer, long term Treasury yields have remained low even as economic data has shown signs of improvement. 10-year Treasury yields have risen modestly so far in October and currently stand at around 77bps (as of 19 October) compared to 1.91% at the start of the year. Markets are now turning their attention to the next fiscal stimulus injection in the US.