AGG - U.S. Treasury yields climb as broad market indices slump
2023-07-20 09:54:09 ET
U.S. Treasury yields climbed in Thursday's early trading, as Wall Street's broader market indices pushed lower after some disappointing big-name earnings reports that came in post-market on Wednesday.
In the early going, the U.S. 2-Year Treasury yield ( US2Y ) was able to pick up 10 basis points, moving to 4.84%. At the same time, the U.S. 5-Year Treasury yield ( US5Y ) advanced 11 basis points to trade at 4.08%.
On the longer end, the U.S. 10-Year Treasury yield ( US10Y ) pushed up 8 basis points to 3.82%, while the U.S. 20-Year Treasury yield ( US20Y ) marched up 7 basis points to 4.09%.
The sharper advance in the shorter end 2-Year compared to the 10-Year has widened the yield curve inversion between the two instruments to -102 basis points. Additionally, the inverted yield curve between the 2-Year and 10-Year continues to hover near levels not seen in roughly 40 years.
See the complete state of the U.S. Treasury market as of Thursday morning.
As yields rise, they add pressure to the bond prices as the two trade inversely. Below is a list of some of Wall Street's most popular large-scale bond funds and Treasury ETFs that are all in the red during Thursday’s trading session.
- iShares Core U.S. Aggregate Bond ETF ( NYSEARCA: AGG )
- Vanguard Total Bond Market Index Fund ETF Shares ( NASDAQ: BND )
- iShares 20+ Year Treasury Bond ETF ( NASDAQ: TLT )
- Vanguard Long-Term Treasury ETF ( VGLT )
- iShares 10-20 Year Treasury Bond ETF ( TLH )
- iShares 7-10 Year Treasury Bond ETF ( IEF )
- Vanguard Intermediate-Term Treasury ETF ( VGIT )
- iShares 3-7 Year Treasury Bond ETF ( NASDAQ: IEI )
- iShares 1-3 Year Treasury Bond ETF ( SHY )
- iShares Short Treasury Bond ETF ( SHV )
More on Treasuries and Bonds:
- Morgan Stanley expects Treasury yields to trend lower
- PIMCO says the bond market offers opportunities for investors
- Stocks set for 4% annual return over next decade, just edging bonds - Bernstein
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U.S. Treasury yields climb as broad market indices slump