1058 GMT - Ten-year U.S. Treasury yields extend their falls but caution prevails in face of last week's historic volatility. "Treasury yields traded in a historically volatile range, with the curve bearishly steepening," rates strategists at J.P. Morgan say in a note. Bearish steepening refers to the widening of the spread between short- and long-dated bond yields driven by a faster rise of long-end yields. Measures of term premium have moved higher, but the divergence of yields to J.P. Morgan's fair value model has been at current levels multiple times in prior years, the strategists say. "We think the moves this week were exacerbated by long positioning." The 10-year U.S. Treasury yield falls 6 basis points to last trade at 4.433%, according to Tradeweb. (emese.bartha@wsj.com)
(END) Dow Jones Newswires
April 14, 2025 06:58 ET (10:58 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。