acemaxx<p>A <a href="https://econtwitter.net/tags/lower" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>lower</span></a> convenience yield usually reflects a less favorable supply/demand balance for USTs (or investors anticipating a shift in that direction). UST <a href="https://econtwitter.net/tags/convenience" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>convenience</span></a> yield fell sharply in April as trade tensions b/w the US and some of its biggest trading partners increased.</p>