CASH – Yields have changed little as investors look to upcoming auctions


By Ross Kerber Jun 7 (Reuters) – Traders left US Treasury yields little changed on Monday as they waited for more details on the inflation outlook and the results of the upcoming government bond auctions this week. The benchmark 10-year yield was up less than a basis point to 1.567% at midday on Monday. U.S. equity markets were also flat, with investors sitting on the bench and tech heavyweight stocks largely ignored an agreement by the world’s richest countries on a global minimum corporate tax. “There is no reason to go out of the range at this time,” said Justin Lederer, analyst at Cantor Fitzgerald. He said he expects few factors could move Treasury prices ahead of a US Federal Reserve meeting next week. The U.S. Treasury Department is expected to auction around $ 120 billion in notes and bonds starting Tuesday, the results of which will show investor appetite for three-year, 10-year and 30-year government debt. A closely watched portion of the U.S. Treasury yield curve measuring the spread between two-year and ten-year Treasury bill yields, seen as an indicator of economic expectations, was at 141 basis points, or less than one point base more than the Friday close. The two-year US Treasury yield, which typically moves with interest rate expectations, rose less than a basis point to 0.1527%. June 7 Monday 12:05 p.m. New York / 1605 GMT Price Current net yield Change in% (bp) Three-month notes 0.0225 0.0228 0.003 Six-month notes 0.035 0.0355 -0.002 Two-year note 99-242 / 256 0 , 1527 0.004 Three-year note 99-212 / 256 0.3089 0.006 Five-year bond 99-204 / 256 0.7917 0.008 Seven-year bond 100-22 / 256 1.2371 0.007 10-year bond 100-136 / 256 1.567 0.007 20-year bond 101-104 / 256 2.1627 0.008 30-year bond 102-208 / 256 2.2454 0.006 SPREADS DOLLAR SWAP Last (bps) Net change (bps) 2-year US dollar swap 7.25 – 0.25 3-year US dollar swap spread 11.25 -0.25 5-year US dollar swap spread 7.25 -0.25 10-year US dollar swap spread -2.75 0.25 Dollar spread swap American at 30 -28.75 0.25 spread (Report by Ross Kerber in Boston Edited by Chris Reese)

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