U.S. government debt yields rose Friday as investor concerns over U.S.-China trade relations, Brexit and other geopolitical issues relaxed.

Traders also looked ahead to next week’s Federal Reserve meeting.


TREASURYS

TICKER COMPANY YIELD CHANGE %CHANGE 
US 3-MOU.S. 3 Month Treasury1.6740.000.00
US 1-YRU.S. 1 Year Treasury1.6040.0080.00
US 2-YRU.S. 2 Year Treasury1.6240.0420.00
US 5-YRU.S. 5 Year Treasury1.6260.0410.00
US 10-YRU.S. 10 Year Treasury1.800.0340.00
US 30-YRU.S. 30 Year Treasury2.2890.030.00

The benchmark 10-year Treasury note, which moves inversely to price, was higher at around 1.8%, while the yield on the 30-year Treasury bond was also lower at around 2.285%.

The moves come after weak economic data in the previous session, fueling expectations of another interest rate cut by the Federal Reserve.

New orders for U.S.-made capital goods fell more than expected last month, data published Thursday showed. It appeared to indicate that business investment remains soft, as the world struggles with a global manufacturing slowdown and the U.S.-China trade war.

The U.S. central bank has already cut interest rates twice this year and market participants expect another move lower later this month.

At present, market expectations for a quarter-point rate cut on Wednesday are at 93.5%, according to the CME Group’s FedWatch tool.

Source: https://www.cnbc.com/2019/10/25/bond-markets-investors-await-corporate-earnings-economic-data.html