US 10-yield falls with eyes on lower oil, European yields
TLT•US and European yields move lower
Di Galoma said US yields may also be moving lower with European yields.
Euro area benchmark Bund yields dropped. The yield on the benchmark German 10-year Bunds DE10YT=RR was down 6.78 basis points at 3.454%, from 3.522% late on Friday.
Meanwhile, the yield on the benchmark US 10-year Treasury note US10YT=RR was down 3.5 basis points at 4.961%.
The two-year US2YT=RR US Treasury yield was down 1.2 basis points at 4.731%. It earlier hit 4.772%, its highest since July 2024.
The yield on the 30-year bond US30YT=RR fell 3.1 basis points to 5.296%.
The breakeven rate on 5-year US Treasury Inflation-Protected Securities (TIPS) US5YTIP=TWEB was last at 2.325% after closing at 2.331% on Friday.
The 10-year TIPS breakeven rate US10YTIP=TWEB was last at 2.317%, indicating the market sees inflation averaging about 2.3% a year for the next decade.
