Key facts
- Treasury yields fell by 2bp-3bp.
- Oil prices moved lower alongside Treasury yields.
- 10-year and 30-year Treasury yields reached their lowest levels since mid-May.
- The 30-year Treasury yield fell below its 50-day average for the first time since March.
Treasury yields experienced a decline of 2 to 3 basis points, moving in tandem with oil prices and following more significant yield decreases observed in European bond markets. Both the 10-year and 30-year Treasury yields hit their lowest points since mid-May. Notably, the 30-year yield dropped below its 50-day moving average, a level it had not breached since March. Coupon auctions are set to resume with the 3-year auction scheduled for June 9.