TREASURIES-US yields extend fall after Chicago PMI
ReutersDec 30, 2024 3:02 PM
NEW YORK, Dec 30 (Reuters) - U.S. Treasury yields extended their decline on Monday after data showed business activity in the U.S. Midwest contracted in December, backing perceptions that key sectors of the economy were starting to slow down.
The December reading of the Chicago Purchasing Managers Index was 36.9, down from 40.2 the month before. The consensus forecast was for an increase of 42.8, according to a Reuters poll.
In midmorning trading, the U.S. benchmark 10-year yield fell 7.2 basis points to 4.546% US10YT=RR, while the two-year yield slid 7 bps to 4.256% US2YT=RR.
(Reporting by Gertrude Chavez-Dreyfuss)
((gertrude.chavez@thomsonreuters.com; 646-301-4124))
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