The yield on the benchmark 10-year Treasury note edged lower to 1.31% on Thursday (at time published), after touching a near 2-month high of 1.38% early in the week, amid a general risk-off sentiment.
Investors remain concerned over slower growth as the coronavirus delta variant continues to spread and bet the Fed will delay its plans for tapering.
The US economy added only 235K jobs in August, the lowest in 7 months while wage growth continues to increase.
At the same time, the Fed’s Beige Book showed the American economy “downshifted slightly” in August. Meanwhile, a $38 billion auction for 10-year notes saw strong demand.
Treasury will also offer $24 billion in 30-year bonds on Thursday.
