U.S. Treasury yields were lower on Monday as investors weighed the state of the U.S. economy and considered the latest trade developments.
The 10-year Treasury yield was more than 4 basis points lower at 4.384%. The 2-year yield was more than 1 basis point lower at 3.861%. The 30-year yield was more than 4 basis points lower at 4.95%.
One basis point is equal to 0.01%, and yields and prices move in opposite directions.
On Monday, The Conference Board reported that its Leading Economic Index dropped 0.3% in June to 98.8. That was more than the Dow Jones forecast for a 0.2% fall.
“At this point, The Conference Board does not forecast a recession, although economic growth is expected to slow substantially in 2025 compared to 2024,” Justyna Zabinska-La Monica, The Conference Board’s senior manager for business cycle indicators, said in a statement. “Real GDP is projected to grow by 1.6% this year, with the impact of tariffs becoming…
