Treasury yields ease and appear to stabilize

Treasury yields ease and appear to stabilize

Oct. 24:

Interest rates tumbled during the day yesterday. It was partly a flight to quality given the uncertain status of the conflict in the Middle East, and partly a sense that the selloff that caused the 10-year Treasury yield to briefly breach 5% was went farther than necessary.

As of this morning, yields appeared to be stabilizing at these lower levels. The Dow traded up.

Economic calendar

Wednesday, Oct. 25

  • New Home Sales

Thursday, Oct. 26

  • Advance Durable Goods
  • Q3 Gross Domestic Product
  • Weekly Initial Jobless Claims
  • Pending Home Sales

Friday, Oct. 27

  • Personal Consumption Expenditures Price Index
  • Personal Income/Personal Spending

Treasury calendar

Tuesday, Oct. 24

  • $51 billion auction of five-year Treasury notes

Wednesday, Oct. 25

  • $52 billion auction of five-year Treasury notes
  • $26 billion auction of two-year Floating Rate Notes

Thursday, Oct. 26

  • $38 billion auction of seven-year Treasury notes

By Mike Kraft, Executive Director and Commercial Real Estate Treasurer for Commercial Banking
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