Stocks drive treasury yield moves

Market Volatility & Treasury Yields - Treasury market experienced volatility this week, with yields ending near where they started [1] - 10-year Treasury yield is up approximately 4 basis points (0.04%) for the week, closing at 414 [2] - 2-year Treasury yield is also up approximately 4 basis points (0.04%) for the week [2] - Stock market performance, particularly S&P futures, is currently a significant driver of Treasury yields [2] European Debt & Fiscal Issues - UK guilt yields are at six-week highs due to a 20 billion pound (approximately $25 billion USD) hole in their fiscal budget [3] - France faces a similar scenario with debt issuance [4] - European counterparts' debt and deficits are influencing the market [3][4] US Treasury Market Trends - US 10-year Treasury yields are generally moving in the same direction as European yields, influenced by arbitrage [5] - There's a feeling that Treasury yields will remain high [5] - Equity market movements influence Treasury yields: yields decrease when equity markets decline and increase when equity markets recover [6]