Banking Sector Jitters Drive Treasury Yields Lower Amid Economic Data Vacuum
Treasury yields finished a volatile week lower as worries about U.S. regional banks sparked flight to safety. The ongoing government shutdown has left markets without critical economic data, including September’s inflation figures that were scheduled for release this week.
Market Volatility Amid Banking Sector Concerns
Treasury yields reportedly declined over the course of a turbulent week marked by renewed concerns about the stability of U.S. regional banks, according to market analysis. Despite some recovery in later sessions, the 10-year yield finished the week down 0.047 percentage point at 4.006%, while the two-year yield fell 0.062 percentage point to 3.463%, based on trading data.
