Basis: Year and Basis Points

basis: The yield on the benchmark 10-year Treasury note TMUBMUSD10Y, 1.65% tacked on 3.5 basis points to reach 1.710%, after climbing to 1.789% in earlier trade, marking its second lowest rate this year, according to Dow Jones Market Data, according to Market Watch. The 2-year yield TMUBMUSD02Y, 1.21% picked up 4.6 basis points to reach 1.615%, after hitting an intraday high of 1.657%. It notched its fourth lowest yield this year, while the 30-year Treasury bond yield TMUBMUSD30Y, 0.72% rose 4.2 basis points to 2.230%, down from an intraday high of 2.331%, to set its second lowest yield this year. Yields on the 19 billion U.S. government debt auction cleared about one basis point higher than initially expected at 2.335%, signaling softer demand than anticipated. Pricing was a little bit soft, said Guy LeBas, chief fixed-income strategist at Janney Montgomery Scott, in an interview with Market Watch, about the auction. Wednesday saw Treasury yields plummet across the board, setting new multiyear lows following a series of international central bank interest rate reductions that sparked demand from haven assets, including U.S. government debt. The 10-year seems to have found a short-term bottom in yields, there was softer demand from overseas and very conservative bids. (news.financializer.com). As reported in the news.