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U.S. Treasury Yields Decline as Risk Sentiment Weakens
U.S. Treasury yields fell in early trading as markets moved on from President Trump’s announcement on Friday that former Federal Reserve governor Kevin Warsh will succeed outgoing Chair Jerome Powell.
“U.S. Treasurys are finding support, perhaps in part on the nomination of former Fed Governor Kevin Warsh, but also as risk sentiment has broadly cratered and precious metals are crashing,” Saxo analysts said in a note.
The two-year Treasury yield was down 1.3 basis points at 3.512%, while the 10-year yield fell 2.5 basis points to 4.215%, according to Tradeweb.