29 December 2024

Treasury yields fell on Tuesday in a holiday-shortened trading session ahead of the Christmas holiday.

Return on Treasury for 10 years It fell by 12 basis points to 4.586%, while the index fell Treasury for two years It fell 9 basis points to 4.340%.

One basis point equals 0.01%. Returns move inversely with prices.

Tuesday is likely to be a quiet day for US financial markets, given the early close of stock trading at 1pm ET. The bond market stops activity at two in the afternoon

The markets will remain closed on Wednesday for the Christmas holiday.

Economic data to be released on Tuesday includes the Philadelphia Fed non-manufacturing survey and the Richmond Fed December survey.

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