US bond yields are rising slightly

NEW YORK, May 22 (Reuters) – US Treasury yields were little changed in Monday’s volatile trades, with the biggest gains on the shortest part of the curve. Meanwhile, investors are awaiting the outcome of debt ceiling talks between U.S. President Joe Biden and Republican House Speaker Kevin McCarthy.

The yield of 2-month US Treasuries increased by 12.1 basis points to 5.358%, while the 1-month yield increased by 7.7 bp. to 5.59%.

“I don’t think we will make a decision on the debt limit today. If you look at the debt ceiling exposure positions, they’re really at the very short end of the curve,” said Gregory Faranello of AmeriVet Securities.

The yield on 10-year US Treasuries increased by 0.8 bp. up to 3700%.

The yield on 30-year US Treasuries remained unchanged at 3.941%.

The 2Y UST yield, which usually reflects interest rate expectations, rose by 1.6 bp. to 4.305%.

US President Joe Biden and Republican Chairman Kevin McCarthy will meet on Monday to discuss the debt ceiling. The day before, when Biden was returning to Washington from the G7 summit in Japan, the Democrat and the Republican had a phone conversation, which both assessed positively.

The original message in English is available under the code: (Gertrude Chavez-Dreyfus)


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