The yield on the benchmark 10-year Treasury note was trading below 1.2% in the first week of August, after briefly declining to 1.15%, an almost 6-month low amid weak data and as investors remain concerned about rising COVID-19 infections. The ISM Manufacturing PMI fell to 59.5 in July of 2021, pointing to the weakest expansion in factory activity in 6 months and the US has reported on average 72,000 new Covid cases a day in the last 7 days, the most since February. Meanwhile, the jobs report due Friday will provide an update on the labor market recovery and further clues on the Fed's next steps. source: U.S. Department of the Treasury
Historically, the United States Government Bond 10Y reached an all time high of 15.82 in September of 1981. United States Government Bond 10Y - data, forecasts, historical chart - was last updated on August of 2021.
The United States Government Bond 10Y is expected to trade at 1.28 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 1.48 in 12 months time.