Treasury yields were little changed as economic growth concerns persisted 2022-04-27 02:30:48

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US Treasury yields were mixed on Wednesday morning amid persistent concerns about the global economic slowdown.

return on standard 10-year treasury bonds It rose 1.5 basis points to 2.757% around 7:30 AM ET. return on 30 year treasury bonds It fell 1.6 basis points to 2.854%. Returns move inversely with prices and one basis point is 0.01%.

Treasury yields are drifting lower this week, along with declines in the stock market. An increase in Covid-19 cases in China, concerns about developments in the Russian-Ukrainian war and a tightening of the Central Bank’s policy to combat rising inflation have weighed on investor sentiment.

Tensions are rising between Western Allies and Russia After Foreign Minister Sergei Lavrov said on Monday that the threat of nuclear war is very important and the risks should not be underestimated.

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US Defense Secretary Lloyd Austin He responded to those comments on TuesdayHe described the rhetoric of nuclear war as “extremely dangerous and unhelpful.”

In terms of data releases due on Wednesday, pending home sales numbers for March are due at 10 AM ET.

Auctions are scheduled for $30 billion in 119-day notes and $49 billion in 5-year notes.

CNBC.com employees contributed to this market report.

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