2017.06.2301:23:00UTC+00Treasury Yields Slide on Health-Care Bill’s Shaky Prospects

U.S. government bond yield fell slightly after the Republican Party's Senate bill to revamp health care was challenged by internal opposition, showing the divide within the party that could hinder President Donald Trump's pro-growth plans.

The yield on the 10-year Treasury note slid 0.4 bps to 2.153 percent, but largely retained its level from the prior session. Yield on the two-year note fell 0.8 bps to 1.344 percent. Meanwhile, the 30-year bond yield, which are reactive to inflation outlook, was almost unmoved at 2.724 percent but remains at its lowest level since November 8.

Debt yields slightly slid after the Republicans unveiled a health-care bill that has struggled to gain consensual support within the party. Without the unanimous backing, experts said the legislation is unlikely to get rubber stamped. Opposition to the bill has risen from different levels of the party that feel the bill has been thinned down and maintains too much of Obamacare's current provisions in place.