[채권] Interest rates fell as inflation concerns ease… 10-year bid evaluation is’bun-bun’

[뉴욕=뉴스핌] Correspondent Kim Min-jung = US Treasury yields fell on the 10th (local time). The evaluation of the 10-year bidding, which attracted the attention of investors around the world, was mixed, but it did not raise investors’ concerns over the demand for government bonds. Still insignificant inflation has stabilized concerns among government bond investors.

According to Market Watch, the international benchmark 10-year Treasury bond rate fell 2.5bp (1bp=0.01% point) from the previous day to 1.520%.

The 30-year interest rate fell 1.2bp to 2.246%, and the two-year interest rate, sensitive to policy interest rates, fell 1bp to 0.155%.

On that day, the US Treasury Department made a bid for a 10-year Treasury bond worth $38 billion. The bid rate was 1.523% and the bid rate was 2.38%, slightly below the recent average of 2.42%. The bidding itself was not strong, but experts assessed that the demand for U.S. Treasury bonds was not weak.

US Treasury Department.[사진=블룸버그통신] 2021.02.09 [email protected]

They said that after seeing the results of 10-year bids, investors, who were frightened after the last 7-year bidding, were not very concerned.

“It was a weak bid, but it wasn’t scary enough to scare people,” said John Briggs, senior global strategist at Natwest Market, in an interview with CNBC.

“I don’t think this was enough to move the clock hands,” said Peter Buqba, Chief Investment Officer (CIO) of the Bleekley Advisory Group. “I think this was lukewarm.”

CIO Bukva then analyzed, “I think the organs meant I needed time to rest.”

The US House of Representatives passed an additional support plan for the new coronavirus infection (Corona 19) worth $1.9 trillion and sent it to President Joe Biden. President Biden is expected to sign the bill on the 12th, and the government plans to speed up the implementation of the bill.

The keynote inflation trend is not yet strong. The US Department of Labor said last month that the Consumer Price Index (CPI) rose 0.4% from the previous month and 1.7% from the previous year. However, the rise in inflation was mainly due to the rise in gasoline prices due to the rise in international oil prices.

Excluding food and energy with high volatility, the core CPI rose only 0.1% MoM and 1.3% YoY.

[email protected]