Treasury yields were little-changed on Tuesday as investors settled in for what is expected to be a quiet final week of trading for 2023.
Price action
-
The yield on the 2-year Treasury note
BX:TMUBMUSD02Y
rose by 2 basis points to 4.352%, according to FactSet data. -
The 10-year Treasury note
BX:TMUBMUSD10Y
was marginally higher at 3.896%. -
The 30-year Treasury bond yield
BX:TMUBMUSD30Y
was marginally lower at 4.049%.
What’s happening
U.S. markets were quiet early Tuesday as investors returned from the Christmas Day holiday. Looking ahead, market analysts expect a calm week with only a couple of notable economic-data releases on the calendar.
Tom Essaye, founder of Sevens Report Research and a former Merrill Lynch trader, said investors will be paying close attention to Thursday’s weekly jobless claims report, along with a report on home prices in the U.S. which is due out shortly. Beyond that, he expects a quiet week.
