Against the backdrop of the Federal Reserve pause, U.S. Treasury supply is being well absorbed by the market
Jinse Finance reported that interest rate strategists at Société Générale stated in a report that despite the U.S. government being in a shutdown, the market's focus remains on the supply of U.S. Treasury bonds, and the absorption of this supply by the market has been good. They pointed out that U.S. Treasury yields have continued to trade within a narrow range, while swap spreads have continued to widen. According to Tradeweb data, U.S. Treasury yields declined during the Asian trading session, with the two-year Treasury yield falling by 1.2 basis points to 3.586%; the ten-year and thirty-year Treasury yields both dropped by 1.9 basis points, to 4.128% and 4.714% respectively. (Golden Ten Data)
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