Basis Points: Basis Point

basis points: The 2-year note rate TMUBMUSD02Y, 0.00% fell 4.8 basis point to a three-week low of 1.587%, resulting in a 4 basis point decline this week, according to Market Watch. The 30-year bond yield TMUBMUSD30Y, 0.00% retreated 2.7 basis points to 2.309%, adding to a 3.6 basis point drop thsi week. What are Treasurys doing The 10-year Treasury note yield TMUBMUSD10Y, 0.00% slipped 3.2 basis point to 1.872%, contributing to a weeklong decline of 4.4 basis points. What's driving Treasurys In a day without U.S. economic data, investors will look forward to further details on how a phase one deal will be concluded with China. Thin trading volumes in the Christmas holiday week meant that a trio of debt auctions drew the attention of bond buyers. President Donald Trump said on Tuesday that both he and President Xi Jinping would get together to sign the agreement, but it's not clear at which venue they would meet. (news.financializer.com). As reported in the news.