10-year Treasury yield holds steady as investors await trade balance data

The 10-year Treasury

yield held steady Wednesday as markets braced for data on the October trade balance and a backlog of delayed economic releases that could shape the Federal Reserve’s December rate decision.

The yield on the 10-year Treasury moved less than 1 basis point lower to 4.117%. The 2-year note yield was relatively flat at 3.573% and the 30-year bond yield was also little changed at about 4.74%.

One basis point equals 0.01%. Yields and prices share an inverse relationship.

Last week, U.S. President Donald Trump signed a funding measure that ended the longest government shutdown in the nation’s history.

10-year Treasury yield holds steady as investors await trade balance data

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