Treasury Yields Fell as Latest Weekly Jobless Claims Data Came in Worse than Expected

25 September 2020

Riset

Treasury yields fell slightly on Thursday after the latest weekly jobless claims data came in worse than expected. The yield on the benchmark 10-year Treasury note fell 1 basis point to 0.6651% and the yield on the 30-year Treasury bond slid to 1.4052%. First-time claims for state unemployment benefits totaled 870,000 for the week ending Sept. 19, higher than a Dow Jones estimate of 850,000. (CNBC) U.S. banks and credit unions reported skyrocketing levels of suspected business-loan fraud last month, a period that coincided with growing awareness of scams involving government small-business aid programs. Financial institutions filed 1,922 suspicious-activity reports involving business-loan fraud in August, data from the Treasury Department’s Financial Crimes Enforcement Network show. That’s about 14 times the monthly average for the six years beginning in 2014, the earliest date for which data is available. It’s the fourth consecutive monthly record. (Bloomberg) Source: Danareksa Sekuritas Debt Research Photo by Pau Casals on Unsplash