Ekonomické zprávy

The yield of US Treasury bonds shows a negative trend

The yield on US Treasury bonds declined slightly as market participants continued to buy safe haven assets amid the escalation of the situation in Ukraine.

The yield on 10-year Treasury bonds fell by 0.7 basis points, reaching 1.965%, while the yield on 30-year bonds was 2.275% (-1.8 basis points). Meanwhile, the yield on 2-year Treasury bonds, reflecting expectations of short-term interest rates, rose by 4.2 basis points to 1.588%.

Yesterday, long-term bond yields fell by more than 10% amid reports of Russia's invasion of Ukraine. Russian troops invaded Ukraine in a massive attack from land, sea and air, the largest single country-on-other attack in Europe since World War II. President Joe Biden has promised to impose a new wave of sanctions against Russia that will "surpass anything that has ever been done." Ukrainian President Volodymyr Zelensky said on Friday that the military had stopped Russian invasion forces "in most directions" despite the resumption of rocket attacks.

As for the US data, at 13:30 GMT a report on personal income and expenses for January, as well as data on orders for durable goods for January, will be published today. According to the forecast, personal income fell by 0.3% compared to December, and personal expenses increased by 1.5%, while orders for durable goods increased by 0.8% on a monthly basis. Analysts note that stronger data may force the Fed to reconsider the pace of monetary policy tightening.

In addition, at 15:00 GMT the Reuters/Michigan Consumer Sentiment Index for February and the pending home sales report for January will be released. Economists expect that the consumer sentiment index fell to 61.7 points from 67.2 points in January, and pending home sales increased by 1.5% on a monthly basis.

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