Bond Report: Treasury yields trade lower as stocks slide

Treasury prices rose Monday, pushing yields lower, after Asian stocks followed last Friday’s selloff in U.S. equity markets, amid lingering concerns that June’s nonfarm payrolls report would discourage the Federal Reserve from carrying out an aggressive easing path this year. European stocks and U.S. equities futures markets also traded in the red.

What are Treasurys doing?

The 10-year Treasury note yield TMUBMUSD10Y, -0.85% was down 0.9 basis point to 2.035%, after staging its biggest daily climb in around seven months, while the 30-year bond TMUBMUSD30Y, -0.85% fell 1.6 basis points to 2.532%. The 2-year note rate TMUBMUSD02Y, -0.42% was mostly unchanged at 1.870%.

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