The key US 10-year Treasury yield fell slightly on the Monday ahead of the April manufacturing purchasing managers’ index (PMI) release and small business confidence rose.
The benchmark 10-year Treasury note yield fell 0.31% to 1.625% at 3 a.m. ET. The yield on the 30-year government bond was roughly unchanged at 2.298%. The returns move inversely to the prices.
Small business owners feel more confident, according to a survey by CNBC / SurveyMonkey. Sentiment rose from a record low of 43 in the first quarter to 45.
The April ISM Manufacturing Index, also due Monday, measures manufacturing activity through a survey of 300+ manufacturing purchasing managers conducted each month by the Institute for Supply Management. The construction expenses for March are also due.
The yield on 10-year government bonds had already fallen on Friday after consumer spending data showed a sharp spike in personal income and expenses, as well as a surge in prices.
There are no auctions on Monday.
Comments are closed.