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The Russian Invasion of Ukraine Is Causing Treasury Rates to Fall| Latest Update!

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On Friday morning, U.S. Treasury rates fell as investors continued to follow events around Russia’s invasion of Ukraine.

At 4:20 a.m. ET, the yield on the benchmark 10-year Treasury note declined 3 basis points to 1.9408 per cent. The 30-year Treasury bond yield dropped 4 basis points to 2.25 per cent. Yields fluctuate in the opposite direction of prices, with 1 basis point equaling 0.01 per cent.
After Russia started an invasion of Ukraine, 10-year and 30-year Treasury rates fell more than 10% in early Thursday trade.

Later in the day, yields trimmed their losses somewhat, matching the market’s reversal. However, early on Friday, U.S. stock futures plummeted as investors flocked to the haven of government bonds, bringing rates down.

Russia Is Launching an Air, Land, and Sea Attack Against Ukraine.

Russian Invasion of Ukraine Is Causing Treasury Rates to Fall

The strike has been criticised by the United States and its Western partners, with President Joe Biden threatening to impose fresh penalties on Russia that would “beyond anything that’s ever been done.”

Despite additional missile assaults, Ukrainian President Volodymyr Zelenskyy declared on Friday morning that the military has halted Russian invading forces “in most directions.” On the ground in Ukraine, the situation is very fluid, and descriptions of the military position are difficult, if not impossible, to verify.

Investors will also keep an eye on economic data releases, since the war has driven up oil prices, raising fears that inflation may rise more widely as a result. According to some, this might cloud the outlook for Federal Reserve interest rate rises.
The battle would have a “stagflationary drive,” according to Elliot Hentov, director of global macro policy research at State Street Global Advisors, who said on CNBC’s “Squawk Box Europe” on Friday. Stagflation is defined as a slowing in economic growth combined with increasing inflation.

He predicted that stagflation would be most severe in Europe’s bordering nations, but that it would “fade quite a bit” by the time it reached the United States.

As a result, Hentoff believes the US rate-hiking cycle “cannot be halted; it will be delayed, flattened, possibly stretched out, and the Fed can perhaps take a little bit more time.”

On Friday, the personal consumption expenditures index, which is one gauge of inflation, is scheduled to be released at 8:30 a.m. ET.

The pending home sales statistics for January will be released at 10 a.m. ET.

At 8:30 a.m. ET, personal income and expenditure statistics for January will be announced.

On Friday, no auctions are planned to take place.

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