U.S. Treasurys Steady after Weak Consumer Confidence

U.S. sovereign bonds edged higher after a report showed U.S. consumers were less confidante about the direction of the economy in September after hitting the highest level in nearly seven years last month.

The Conference Board says that its confidence index fell to 86.0, the first decline after four months of gains. It fell from a revised 93.4 in August, which had been the highest level since autumn 2007 before the Great Recession officially began in December 2007.

Benchmark 10-year Treasury notes yielded 2.49 percent on Tuesday, having fallen 5 basis points to close at 2.48 percent on Monday.

CNBC

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.