U.S Treasury yields reach lowest since January this week

Bloomberg Uncut

Treasuries rose for a second week, pushing yields to the lowest since January, as unexpected drops in manufacturing and consumer confidence fueled expectations the Federal Reserve will cut interest rates in the first quarter.

Yields on two-year notes fell 21 basis points this week to 4.52 percent. They touched 4.49 percent yesterday, the lowest since Jan. 31. The 2-year notes, more sensitive to the changed expectations of the Fed funds rate than the 10 years and above, yield 9 bp more than 10 year notes. And, the yield curve remains inverted since Nov.2