The yield on the two-year Treasury settled at a record low on Thursday after data showed the continuing hit to the U.S. labor market from the pandemic shutdowns. The two-year Treasury bill yield finished Thursday’s trading session at 0.129%, according to Tradeweb, down from 0.180% at Wednesday’s close. That marks a record low close for the 2-year yield, last hit in September 2011 when it reached 0.157%. Yields fall as bond prices rise.

Source: Wall Street Journal May 07, 2020 19:30 UTC