Treasury yields decline after U.S. attacks Venezuela and captures leader Nicolas Maduro – CNBC
U.S. Treasury yields moved lower on Monday following the U.S. capture of Venezuelan President Nicolas Maduro.
The 10-year Treasury yield fell by more than 3 basis points to 4.155%. The 2-year Treasury note was down more than 2 basis points at 3.453%.
One basis point is equal to 0.01% and yields and prices move in opposite directions.
Investors are monitoring the Venezuela developments after the U.S. launched strikes on the Latin American country over the weekend. President Nicolás Maduro and his wife Cilia Flores were captured and flown to New York.
Maduro — who came into power in 2013 — and his wife were charged with narco-terrorism conspiracy and other crimes in an indictment on Saturday.
President Donald Trump said that the U.S. would “run” Venezuela “until such time as we can do a safe, proper and judicious transition,” in a news conference on Saturday, before Secretary of State Marco Rubio appeared to walk back those remarks on Sunday. Rubio made no reference to the U.S. governing Venezuela directly.
On the economic data front, the December reading of the ISM manufacturing index came in lower at 47.9%, down 0.3 percentage point from the prior month and just below the 48.3% that economists polled by Dow Jones were expecting.
The big event of the week will be the December jobs report, due to be released on Friday. Economists polled by Dow Jones expect the economy to have added 54,000 jobs last month.
