Advertisement
U.S. markets open in 8 hours 29 minutes
  • S&P Futures

    5,209.50
    -5.25 (-0.10%)
     
  • Dow Futures

    39,215.00
    -8.00 (-0.02%)
     
  • Nasdaq Futures

    18,185.25
    -46.25 (-0.25%)
     
  • Russell 2000 Futures

    2,048.10
    -1.70 (-0.08%)
     
  • Crude Oil

    82.60
    -0.12 (-0.15%)
     
  • Gold

    2,163.30
    -1.00 (-0.05%)
     
  • Silver

    25.30
    +0.03 (+0.12%)
     
  • EUR/USD

    1.0874
    -0.0002 (-0.02%)
     
  • 10-Yr Bond

    4.3400
    0.0000 (0.00%)
     
  • Vix

    14.33
    -0.08 (-0.56%)
     
  • GBP/USD

    1.2718
    -0.0010 (-0.08%)
     
  • USD/JPY

    149.9890
    +0.8910 (+0.60%)
     
  • Bitcoin USD

    65,351.32
    -2,990.54 (-4.38%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • FTSE 100

    7,722.55
    -4.87 (-0.06%)
     
  • Nikkei 225

    39,811.25
    +70.85 (+0.18%)
     

Bond Yields Are Soaring To New Multi-Year Highs

The U.S. Treasury market is having another rough session today, and the yield on the 10-year U.S. Treasury note just broke through to new multi-year highs.

Treasuries put in their highs of the morning around 9:20 AM ET and have been sinking ever since.

Right now, 10-year Treasury futures are down 0.5%, and the 10-year yield is up 7 basis points from yesterday's close to 2.84%.

At the height of the selling this afternoon (shortly before 2 PM), the 10-year yield hit a high of 2.86%.

This morning, the preliminary results from the University of Michigan's consumer confidence survey suggested that confidence unexpectedly fell sharply this month. However, the release did not appear to have an effect on the bond market.

The chart below shows trading in 10-year Treasury futures.

/zn
/zn

Thinkorswim



More From Business Insider

Advertisement