From CNBC · Jenni Reid,Sean Conlon · · 1m 20s
Treasury yields fall as oil prices drop globally
US and European government bond yields ease as crude oil prices fall, though markets await more economic data and central bank moves.
In brief
US and European government bond yields ease as crude oil prices fall, though markets await more economic data and central bank moves. US Treasury yields fell Monday as global oil prices dropped and government borrowing costs eased worldwide, reversing recent highs. Originally reported by CNBC.
Ten-year Treasury yields fall sharply
The benchmark ten-year Treasury note yield dropped more than four basis points to four point nine five one percent on Monday.
Retreat from nineteen-year high
The yield had hit five point zero four one percent last week, a nineteen-year high. One basis point equals zero point zero one percent.
Thirty-year bonds and European yields also ease
The thirty-year Treasury bond yield fell more than four basis points to five point two eight four percent. German and UK ten-year yields each dropped over five basis points.
Oil price drop lifts sentiment
Falling crude oil prices boosted stock markets Monday despite ongoing Middle East tensions. Diplomacy tops the agenda at this week's UN General Assembly.
Fed rate hike still being digested
Investors are assessing the Federal Reserve's quarter-percentage-point rate hike from last week and whether more increases will come before year end.
Economic data and Fed speeches this week
S and P Global Purchasing Managers Index figures arrive Wednesday, jobless claims Thursday. New York Fed President John Williams and other officials will speak.
At a glance
US Treasury yields fell Monday as global oil prices dropped and government borrowing costs eased worldwide, reversing recent highs.
