Bond Report: Treasury yields struggle for direction as investors eye earnings

Treasury yields held their ground Monday as investors turn their attention towards how stocks handle the risk of a so-called earnings recession, amid a lack of first-tier economic data.

Traders will enjoy a holiday-shortened week as stock and bond markets will be closed for Good Friday on April 19.

The 10-year Treasury note yield TMUBMUSD10Y, -0.41% was virtually unchanged at 2.563%. The 2-year note yield TMUBMUSD02Y, -0.34% was up 0.5 basis point to 2.398% The 30-year bond yield TMUBMUSD30Y, -0.31% remained steady at 2.972%. Debt prices move inversely to yields.

In holiday-thinned trading, analysts say they anticipate bonds to take their cue from the performance of risk assets and stocks this week as investors watch if S&P 500 firms’ first-quarter earnings will decline SPX, +0.66% for the first time in three years.

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