The bond vigilantes are coming back as investors continue to sell amid the prospect of higher for longer interest rates and a growing fiscal deficit, according to Kevin Zhao, head of global sovereign and currency at UBS Asset Management. The yield on the benchmark 10-year U.S. Treasury note rose above 5% once again on Monday, … Read more
Traffic_analyzer | Istock | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here. What you need to know today Markets tumbleThe Dow Jones … Read more
U.S. Treasury yields ticked lower Friday after rising to multiyear highs a day earlier as investors digested comments by Federal Reserve Chairman Jerome Powell. The yield on the 10-year Treasury fell to 4.907%, down around 8 basis points. The 2-year Treasury yield was trading around 5.071%, falling around 10 basis points. On Thursday, the 10-year Treasury yield topped 5% … Read more
Bitcoin extended its weekly gains on Friday, briefly topping $30,000 at one point for the second time this week, as confidence a spot bitcoin ETF will soon be greenlit grew and crypto investors continued weighing uncertainty in the U.S. and abroad. The price of the flagship cryptocurrency was last higher by 2.4% on Friday at … Read more
U.S. Treasury yields rose on Wednesday with the 10-year hitting a fresh multiyear high as investors digested the latest economic data and considered the outlook for Federal Reserve interest rates. The 10-year Treasury yield gained nearly 7 basis points to 4.911%, putting it above 4.9% for the first time since 2007. Meanwhile, the 2-year Treasury … Read more
Federal Reserve Governor Christopher Waller on Wednesday indicated the central bank can afford to hold off on interest rate increases while it watches progress unfold in its efforts to bring down inflation. With the Fed set to meet again in two weeks, Waller said he is weighing recent data points against each other to see … Read more
U.S. Treasury yields rose Friday, with the 10-year nearing a 16-year high after the latest jobs data came in stronger than economists anticipated. The yield on the 10-year Treasury was up by 13 basis points at 4.851%. It had hit a fresh 16-year high earlier in the week, rising as high as 4.884%. The yield … Read more
Federal Reserve Board Chair Jerome Powell speaks during a news conference following a Federal Open Market Committee meeting at the Federal Reserve in Washington, D.C., on July 26, 2023. SAUL LOEB | Getty Violent moves in the bond market this week have hammered investors and renewed fears of a recession, as well as concerns about … 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
Traders watch prices in the Ten-Year Treasury Note options pit at the CME Group. Getty Images U.S. Treasury yields were little changed Wednesday, with the 10-year Treasury yield trading around levels last seen in 2007, as investors fretted over the potential for tighter Federal Reserve monetary policy for longer than expected. At 5:13 a.m. ET, … Read more