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 4.2 basis points to 4.378%, according to FactSet data.
- The 10-year Treasury note BX:TMUBMUSD10Y went up 1.5 basis points to 3.912%.
- The 30-year Treasury bond yield BX:TMUBMUSD30Y was flat at 4.053%.
What’s happening
U.S. markets were quiet Tuesday morning 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.