Treasury yields rebounded as investors expect an impending surge in bond supply.
There will be a large amount of government and corporate bond issuance this week, and the US Treasury yields rebounded on Monday (11/6), rising by about 5 to 10bps across the curve. As of the close, the 2-year Treasury yield rose 10bps to 4.94%, and the 10-year Treasury yield rose 9bps to 4.66%. After the Fed’s rate decision last week, the market interpreted that the Fed would conclude its tightening cycle, which caused the US Treasury yields to fall sharply for three days. The 10-year US Treasury yield once dropped below 4.5%, reaching a one-month low. Several Fed officials will deliver speeches this week, including Fed Chairman Powell, New York Fed President Williams, and Atlanta Fed President Bostic.
US Treasury market conditions
- The 2-year US Treasury yield increased 10bps to around 4.94%.
- The 10-year US Treasury yield increased 9bps to around 4.66%.
本週將有大量債券發行，美債收益率止跌反彈
本週即將有大量公債與公司債發行，週ㄧ（11/6）美債收益率止跌反彈，各天期上彈約5~10bps不等；截至收盤，2年期美債上彈10bps至4.94%，10年期美債上彈9bps至4.66%。上週的聯準會利率決議會後，市場解讀聯準會即將結束升息週期，使得美債收益率接連三天快速走低，10年期美債收益率一度降至4.5%以下，來到近一個月低點。本週多位聯準會官員將發表談話，包括聯準會主席鮑爾、 紐約聯準銀行總裁威廉斯，以及亞特蘭大聯準銀行總裁波斯提克。
美債市場狀況 - 2年期美債利率較前日上漲約10bps至約4.94%
- 10年期美債利率較前日上漲約9bps至約4.66%