Last week’s closing prices saw yields lower across the board in the 10-year bond markets. The US Treasury 10-year yield edged down for a third straight week after surpassing the 2.30% mark on November 1st.
Lower yields were registered in the US, Germany, UK, Japan, Switzerland, Canada, Australia and New Zealand at the close of last week.
The US 10-year dipped lower by approximately 4 bps to the 2.22 percent level which is the lowest weekly close since the week of October 25th.
Germany’s yield fell for a third week to the 0.46 level while the UK 10-year yield declined lower under the 2.00 percent level by approximately 6 bps to a 1.82 percent yield.
Japan’s yield edged lower by just 1 bps to a 0.32 percent yield and Switzerland’s 10-year yield declined by -0.3 bps to slide further in negative territory at -0.36 percent.
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In the commodity currency bloc, Canada saw yields dipped by approximately 6 bps to register a 1.57 percent yield while Australia’s 10-year yield fell by 6 bps to the 2.84 percent level and and New Zealand’s yield also dropped by 5 bps to approximately 3.55 percent.
Yields Year-to-Date:
Year-to-date changes updated this week showed that after three weeks of yield declines, Germany, Canada and New Zealand’s yields are now in negative territory year-to-date joining Switzerland as the only tracked 10-year yields negative year-to-date.
