PRESS ROOM
US treasury yields edge higher as risk-on sentiment takes hold
Tuesday 18th August '20
On Tuesday, 11 August, positive risk sentiment prevailed in markets as optimism grew around an improving economic outlook and vaccine breakthrough. This triggered a sell-off in safe havens causing long-term treasury yields to edge higher and the US treasury yield curve to steepen. The 10-year US treasury yield is now around 67bps (as of 18 August) compared to around 50bps on 06 August. US economic data, however, remains weak with unemployment at 10.2% in August compared to 3.5% earlier this year in February. US treasury yields still remain extremely low relative to where they were at the start of the year. The 10-year treasury yield was around 1.9% at the start of 2020.