Treasury yields fall further amid China COVID worries [MarketWatch]
KBC GROUP SA UNSP/ADR (KBCSY)
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Source: MarketWatch
What's driving the market? The yield on the 10-year Treasury note TMUBMUSD10Y, fell to 2.789%, down from 2.825% at 3 p.m. Eastern on Monday. The 2-year Treasury yield TMUBMUSD02Y, was at 2.601%, down from 2.628% on Monday afternoon. The 30-year Treasury bond yield TMUBMUSD30Y, was 2.866% versus 2.893% late Monday. What's driving the market? Rising COVID-19 cases in Beijing stirred fears of a lockdown of China's capital . The nation's zero-COVID policy, which has resulted in mass lockdowns in Shanghai, the country's largest city and a major economic hub, is seen weighing on growth in the world's second-largest economy. The People's Bank of China on Tuesday said it would take steps to provide monetary policy support to the real economy, particularly small businesses and industries hit hard by the pandemic, news reports said. Investors were also weighing expectations for aggressive interest rate increases by the Federal Reserve after Chairman Jerome Powell last week affirm
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