Treasury yields fall as investors weigh Fed leadership uncertainty

U.S. Treasury yields were lower Monday as market watchers continued to weigh the impact of President Donald Trump naming Kevin Warsh as his pick to be the next Federal Reserve chair.

As of 5:37 a.m. ET, the 10-year Treasury

yield fell over 2 basis points at 4.214%, while the 2-year Treasury note yield fell over 1 basis point to 3.514%. Meanwhile, the 30-year Treasury yield also fell 2 basis points to 4.848%.

One basis point equals 0.01%, and yields and prices move in opposite directions.

U.S. stock futures were lower Monday, as analysts flagged that Trump’s choice of Warsh as successor to Jerome Powell had triggered a global market downturn.

Treasury yields fall as investors weigh Fed leadership uncertainty

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