PRESS ROOM
US Treasury yields show no signs of rising as demand for defensive assets persists
Friday 23rd July '21
Delta variant, global economic growth concerns, and ongoing dovishness from the US Federal Reserve are the key forces in play keeping US Treasury yields from rising. On 19 July, 10-year US Treasuries briefly fell below 1.2% for the first time since February. In context, 10-year Treasury yields were hovering around 0.5% around this time last year and rose to around 1.75% towards the end of March this year before declining again.