Treasury Yields Fell on Monday After the Federal Reserve Cut Interest Rates to Near Zero

17 March 2020

Research

Treasury Yields Fell on Monday After the Federal Reserve Cut Interest Rates to Near Zero and Vowed to Boost Its Bond Holdings Aggressively to Save the U.S. Economy from the Coronavirus Fallout. The Yield on the Benchmark 10-Year Treasury Note Dropped 18 Basis Points to 0.76%, While The Yield On The 30- Year Treasury Bond Fell 13 Base Points to 1.38%. (CNBC) The International Monetary Fund is Ready to Mobilize Its $ 1 Trillion Lending Capacity to Help Nations Counter The Coronavirus Outbreak, with Managing Director of Kristalina Georgieva Calling for Global Coordination on Monetary, Fiscal and Regulatory Support. Georgieva is reiterated in a post-monday blog that the fund has $ 50 billion in flexible and rapid-disbursing emergency funds for developing nations, with as much as $ 10 billion available at zero interest rates. (Bloomberg) Source: Danareksa Securities Debt Research Photo by Aditya Indrajaya