Long-End Treasuries Hit by Wildest Swings Since 2020 Pandemic
- US 30-year yield moves averaged 13bps in last five sessions
- Long-dated yields remain near highest levels since 2007
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The Treasury market is serving up levels of volatility last seen during the pandemic-era turbulence of March 2020.
The US 30-year yield shifted by almost 13 basis points a day over the last five trading days, the highest in more than three years and more than three times a much as the daily average over the past decade. The yield jumped five basis points on Tuesday in Asia as traders gird for fresh volatility.