U.S. Treasury Yields Ease; 3-Month/10-Year Spread Narrows to 1-Month Low

U.S. Treasury yields eased and yield spreads narrowed, with the U.S. 3-month/10-year Treasury yield spread at its narrowest level in a month. According to Ming Pao, the Golden Dragon Index, the S&P 500 and the Nasdaq fell, while the Dow set new intraday and closing highs.