The 10-year Treasury note yield slipped Friday, adding to its sharp downturn this week, as traders brace for possible Federal Reserve rate cuts next year. The yield on the 10-year Treasury was lower by 2 basis points at 3.905%. It had fallen below the 4% level for the first time since August on Thursday, reaching … Read more
U.S. Treasury yields were little changed on Wednesday as investors assessed the state of the economy after the release of labor market data. The yield on the 10-year Treasury was less than 1 basis point higher at 4.174%. It had fallen below the 4.2% mark for the first time since early September on Tuesday. The … Read more
U.S. Treasury yields were slightly higher on Tuesday, as investors awaited the release of economic data that could provide hints about the economic outlook. The 2-year Treasury yield was up by about 3 basis points at 4.885%. The 10-year Treasury yield was 2 basis points higher at 4.4%. Yields and prices have an inverted relationship, … Read more
Wells Fargo Securities is officially out with its 2024 stock market forecast. Chris Harvey, the firm’s head of equity strategy, sees a volatile path to his S&P 500 to 4,625 year-end target. “It’s really hard to get excited. If we have better [economic] growth, then the Fed doesn’t do anything,” he told CNBC’s “Fast Money” on … Read more
The draw of bargains may be fading. As three of the nation’s biggest retailers kick off a key sales week, former Walmart U.S. CEO Bill Simon warns consumers are starting to buckle for the first time in a decade. He’s blaming a list of headwinds weighing on consumers including inflation, higher interest rates, federal budget … Read more
Long-duration Treasury yields rose again on Thursday as investors awaited a key jobs report to gauge the path of monetary policy. The yield on the 10-year Treasury slipped 2 basis points to 4.712%. It had risen as high as 4.884% on Wednesday, hitting a 16-year high. The yield on the 30-year Treasury was marginally down … Read more
The 10-year Treasury yield, which serves as a benchmark for mortgage rates and as an investor confidence barometer, on Tuesday surged to its highest level since 2007. The 10-year Treasury yield was last up about 8 basis points to 4.758%. The 30-year Treasury yield rose as high 4.874%, also the highest since 2007. The 2-year … Read more
U.S. Treasury yields had been blended Thursday as traders digested minutes from the Federal Reserve’s newest assembly and regarded the outlook for inflation and rates of interest. At 4:04 p.m. ET, the yield on the 10-year Treasury was greater than 2 foundation factors larger at 4.282%, reaching its highest degree since October 2022. In the … Read more