Longer-dated Treasury bonds see yields dip slightly

Two-year and five-year US Treasury bonds held steady on Monday afternoon in New York, while prices on ten-year and thirty-year bonds were slightly higher, sending yields down a bit.

While many investors expect that the Federal Reserve will cut interest rates again at its October meeting, that assumption has already been priced into the market and is not likely to change prices and yields much, according to analysts.

Two-year Treasury bonds were flat at a yield of 4.06 percent, while five-year issues also traded even for a yield of 4.3 percent.

Ten-year paper was slightly higher, sending yields lower to 4.62 percent and thirty-year bonds were down from 4.89 percent on Friday to 4.88 percent Monday afternoon.

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