By FXEconomics.com | 10 Year Bond Yields
Last week’s closing prices saw yields mostly lower for a second straight week in the 10-year bond markets. The US Treasury 10-year yield remained below the 2.30% mark for a second week after closing at the 2.33% mark two weeks ago.
Lower yields were seen in the US, Germany, UK, Switzerland, Canada, Australia and New Zealand at the close of last week.
The Japanese 10-year yield was the only gainer on the week, up by 3 bps.
The US 10-year edged lower by around 2 bps to the 2.26 percent level which was less than 1 percent decline from the previous week.
Germany’s yield declined to the 0.49 level while the UK 10-year yield remained under the 2.00 percent level by approximately 10 bps to a 1.88 percent yield.
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Switzerland’s 10-year yield slid by -0.2 bps to fall further in negative territory at -0.33 percent.
In the commodity currency bloc, Canada saw yields decline by approximately 2 bps to register a 1.63 percent yield while Australia’s 10-year yield dipped by 1 bps to the 2.90 percent level and and New Zealand’s yield also declined by 1 bps to approximately 3.60 percent.
Yields Year-to-Date:
Year-to-date changes updated this week showed that Canada’s yield fell in negative territory year-to-date at -1.21% and joined Switzerland as the only tracked 10-year yields negative year-to-date.
The Switzerland 10YR yield continues to be deeply negative and providing a negative return for investors who buy Swiss 10YR bonds.
