Bonds
Buyers Flock to Bonds After 30-Year Yield Hits Highest Since May
- Reversal to lower yield levels echoes Friday’s price action
- Treasury futures block trades provide apparent support
This article is for subscribers only.
The highest 30-year US Treasury yield in almost six months attracted buyers on Monday, helping buoy bonds as investors assess how Donald Trump’s presidential victory may affect the economy and Federal Reserve’s policy.
Yields on the longest-dated bonds hovered near 4.61% in New York afternoon trading after climbing as much as six basis points to 4.68%, the highest since late May. Flows that aided the retreat included futures block trades, while sales of new corporate bonds were expected to entail supportive hedging flows.