(21 Jul 2025, 12:10)

US treasury yield slides to one and half week low despite firm economic data

The US bond yields continued to fall as Federal Reserve Governor Christopher Waller has reiterated his case for a July rate cut. This is weighing on the market despite firm economic data releases. The University of Michigan said its consumer sentiment index climbed to 61.8 in July after spiking to 60.7 in June. New residential construction in the US also rebounded in the month of June, according to a report released by the Commerce Department. The Commerce Department said housing starts surged by 4.6% to an annual rate of 1.321 million in June after plunging by 9.7% to a revised rate of 1.263 million in May. However, the US debt yields still turned lower as markets eyed the upcoming US Fed monetary policy decision and the US tariff deadline. Benchmark 10-year yields slipped to 4.40% amid this, testing around one and half week low.

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US treasury yield slides to one and half week low despite firm economic data