By FXEconomics.com | 10 Year Bond Yields
Last week saw mostly lower yields to end the week in the 10-year bond markets with the US Treasury 10-year yield dipping below the 2.30% mark after seeing higher yields the previous week on better than expected US jobs numbers.
Lower yields were seen in all the tracked major currency countries except for Australia and New Zealand with the NZD10YR being the biggest gainer on the week.
The US, Germany, United Kingdom, Japanese, Canada and Switzerland all saw declining yields compared to the week previous.
The US 10-year fell by around 5 bps to the 2.28 percent level which was over an 2 percent decline from the previous week.
Germany’s yield dipped to the 0.56 level while the UK 10-year yield edged back under the 2.00 percent level by approximately 5 bps to a 1.98 percent yield.
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Japan’s yield fell to the 0.30 percent level while Switzerland’s 10-year yield edged down by -0.3 bps to remain in negative territory at -0.31 percent.
In the commodity currency bloc, Canada saw yields decline by approximately 6 bps to register a 1.65 percent yield while Australia’s 10-year yield grew by 3 bps to 2.91 percent and and New Zealand’s yield advanced by 22 bps to approximately 3.60 percent.
Yields Year to Date:
Year to date changes updated this week show that all the tracked 10-year bond yields are positive for the year except the Switzerland 10YR which is deeply negative and providing a negative return for investors who buy Swiss 10YR bonds.
New Zealand’s 10YR yield was in negative territory year to date before the latest data but has now just inched up to a positive year to date change of just +0.3 percent.
