Market Pulse Archives

March 11, 2021, 10:41 a.m. EST

Treasury yields bounce off lows as supply looms

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Verizon Communications Inc. (VZ)

or Cancel Already have a watchlist? Log In

By Sunny Oh

VZ

U.S. government bond yields bounced off their intraday lows on Thursday as investors looked to make room for issuance of new 30-year Treasury bonds and investment-grade corporate debt issuance from Verizon. /zigman2/quotes/204980236/composite VZ +0.37% The 10-year Treasury note yield rose 2 basis points to 1.540%, off their low of around 1.475%, while the 30-year bond yield climbed 4.7 basis points to 2.289%. Bond prices move inversely to yields. Broker-dealers typically bid yields higher to attract bond buyers ahead of a Treasury auction. And banks tasked with drumming up demand and selling corporate bonds will sometimes sell long-term Treasury futures to offset the risk that interest rates will rise and weigh on the prices of the debt during the issuance process.

/zigman2/quotes/204980236/composite
US : U.S.: NYSE
$ 53.70
+0.20 +0.37%
Volume: 10.33M
Jan. 20, 2022 1:26p
P/E Ratio
10.11
Dividend Yield
4.76%
Market Cap
$221.50 billion
Rev. per Employee
$1.02M
loading...

This Story has 0 Comments
Be the first to comment
More News In
Markets

Story Conversation

Commenting FAQs »

Partner Center

World News from MarketWatch

Link to MarketWatch's Slice.