Breaking
US 10-Year Treasury Yield Falls to 4.70% as Markets Eye Possible TGA-Funded Buybacks
Minseung Kang
Summary
- The yield on the US 10-year Treasury fell to 4.70%, extending the rally in Treasuries.
- Market attention focused on reports that the US Treasury Department could use funds from the Treasury General Account (TGA) to buy back Treasuries.
- At the same time, losses in Nasdaq 100 futures narrowed to 0.4% from 0.8%.
US Treasuries extended their rally, sending the 10-year yield down to 4.70%.
Odaily, a cryptocurrency-focused media outlet, reported on August 24 that the benchmark 10-year Treasury yield fell 4 basis points to 4.70%. Treasury prices and yields move inversely.
Market attention also turned to reports that the US Treasury Department could use funds from the Treasury General Account, or TGA, to buy back Treasuries.
At the same time, losses in Nasdaq 100 futures narrowed to 0.4% from 0.8%.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.