U.S. Treasury Bonds Stabilize on Monday
New York, NY — Despite the initial spike in treasury prices from the failed military coup in Turkey over the weekend, things stabilized by Monday.
Yield on the benchmark 10-year U.S. Treasury note fell to as low as 1.549% late Friday as news broke about the coup. But by Monday, it had failed. Turkish President Recep Tayyip Erdogan rounded more than 6,000 soldiers and brought things under control again. As a result, the enthusiasm towards safe haven assets like U.S. government bonds died down a bit.
On Monday, many U.S. government bonds paired their gains from the increased uncertainty on Friday. Yield on the 10-year Treasury note rose to 1.585%, while yield on 30-year Treasury bonds settled at 2.29%.
Investors’ confidence was also re-established by positive economic data that recently came out. Both consumer prices and retail sales advanced at a solid pace in June, while the jobs report was a pleasant surprise.
Treasury yields are still low by historical standards. Uncertainty is still prevalent in many parts of the world, and there are bonds in other developed countries with negative yields. Despite the soaring U.S. stock market, the risk-off mode is keeping bond yields low around the world.
Dear Reader: There is no magic formula to getting rich. Success in investment vehicles with the best prospects for price appreciation can only be achieved through proper and rigorous research and analysis. We are 100% independent in that we are not affiliated with any bank or brokerage house. Information contained herein, while believed to be correct, is not guaranteed as accurate. Warning: Investing often involves high risks and you can lose a lot of money. Please do not invest with money you cannot afford to lose. The opinions in this content are just that, opinions of the authors. We are a publishing company and the opinions, comments, stories, reports, advertisements and articles we publish are for informational and educational purposes only; nothing herein should be considered personalized investment advice. Before you make any investment, check with your investment professional (advisor). We urge our readers to review the financial statements and prospectus of any company they are interested in. We are not responsible for any damages or losses arising from the use of any information herein. Past performance is not a guarantee of future results. All registered trademarks are the property of their respective owners
Sign up to receive our FREE Income Investors newsletter along with our special offers and get our FREE report:
5 Dividend Stocks to Own Forever
This is an entirely free service. No credit card required. You can opt-out at anytime.
We hate spam as much as you do.