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10-year Treasury yield dips to 1% as stocks swoon MarketWatch 1/27/2021
BOND REPORT
U.S. Treasury yields slid Wednesday as global stocks came under pressure amid worries about the coronavirus vaccine rollout and excessive froth in some corners of financial markets.
What are Treasurys doing? The 10-year Treasury note yield fell 2.5 basis points to a three-week low of 1.014%, briefly touching the key 1% level. The 2-year note rate retreated 0.4 basis point to 0.119%. The 30-year bond yield declined 2.1 basis points to 1.780%.
What’s driving Treasurys?
Haven assets strengthened as U.S. equities saw steep losses at the start of Wednesday’s trading. Analysts attributed some of the weakness in risk assets to slowness of the vaccine rollout in Europe and the U.S.
Analysis: Wall Street hedges against possible bumps in US vaccine rollout Toggle share menu
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Analysis: Wall Street hedges against possible bumps in US vaccine rollout As U.S. stock prices have marched to record highs, futures contracts for Wall Street s fear gauge show some investors are buying insurance against market turbulence that could erupt if surprise glitches hit the U.S. rollout of COVID-19 vaccines.
FILE PHOTO: A healthcare worker draws the coronavirus disease (COVID-19) vaccine from a vial at Mission Commons assisted living community in Redlands, California, U.S., January 15, 2021. REUTERS/Lucy Nicholson 2 related media assets (image or videos) available. Click to see the gallery.
Analysis: Wall Street hedges against possible bumps in U.S. vaccine rollout Reuters 1/22/2021 By April Joyner and Sinéad Carew © Reuters/Lucy Nicholson FILE PHOTO: A healthcare worker draws the coronavirus disease (COVID-19) vaccine from a vial at Mission Commons assisted living community in Redlands
By April Joyner and Sinéad Carew
NEW YORK (Reuters) - As U.S. stock prices have marched to record highs, futures contracts for Wall Street s fear gauge show some investors are buying insurance against market turbulence that could erupt if surprise glitches hit the U.S. rollout of COVID-19 vaccines. © Reuters/Lucas Jackson FILE PHOTO: A man wears a protective mask as he walks on Wall Street during the coronavirus outbreak in New York
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