Treasury note yields have been under scrutiny as of late with the latest bouts of stock sell-offs as benchmark notes have been pushing to new highs, causing investors to fret. However, benchmark yields ticked lower as the 10-year note went to 3.122, while the 30-year note was at 3.325 as of 11:00 a.m. ET.
Short-duration yields were down as well with the 2-year note falling to 2.862 and the 5-year note heading lower to 2.972.
This morning’s sell-off comes as the week continues to see third quarter earnings come in. So far, out of the companies who have reported, 79.6% beat analyst estimates.
“US corporate earnings season has started with more of a whimper than a bang,” said Nick Colas, co-founder of DataTrek Research, in a note. “Yes, companies are beating expectations, but by less than usual.”
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