Treasury yields retreat ahead of the Christmas holiday

Treasury yields retreated on Tuesday in a holiday-shortened trading session ahead of the Christmas break.

The yield on the 10-year Treasury was 12 basis points lower at 4.586%, while the 2-year Treasury was down 9 basis points at 4.340%.

One basis point is equal to 0.01%. Yields move inversely to prices.

Tuesday will likely play out as a muted day for U.S. financial markets, given the early close at 1 p.m. ET for stock trading. The bond market stops activity at 2 p.m.

Markets will remain closed Wednesday for the Christmas holiday.

Economic data releases out Tuesday include the Philadelphia Fed non-manufacturing survey and Richmond Fed survey for December.

Source

World

London IPO fundraising hits a three-decade low in another blow to the UK capital

July 4, 2025

City of London skyline with 20 Fenchurch Street, affectionately nicknamed the Walkie Talkie, in London, United Kingdom. Mike Kemp | In Pictures | Getty Images Fundraising from London IPOs slumped to at least a three-decade low in the first half of this year, new data showed on Friday – raising fresh questions about the fading […]

World

A year after its landslide win, Britain’s Labour Party is navigating a tougher-than-expected path

July 4, 2025

British Prime Minister Keir Starmer and his wife Victoria Starmer react as they greet Labour campaigners and activists at Number 10 Downing Street, following the results of the election, in London, Britain, July 5, 2024. Toby Melville | Reuters It’s been one year since Labour returned to power in a landslide victory that appeared to show […]

World

Singapore monetary authority penalizes 9 banks, institutions for 2023 money laundering case

July 4, 2025

Buildings in Singapore, on Monday, Feb. 17, 2025. Nicky Loh | Bloomberg | Getty Images The Monetary Authority of Singapore penalised six banks and three other financial institutions a total of S$27.45 million ($21.5 million) on Friday in relation to the country’s biggest ever money laundering scandal in 2023. The case involved more than S$3 […]