|Day's Range||3.34 - 3.39|
|52 Week Range||2.69 - 3.42|
Yahoo Finance's Seana Smith and Jared Blikre on the biggest headlines moving the markets in afternoon trading.
Treasury yields pared their rise on Thursday as investors grappled with a selloff in Italian debt that could be drawing investors into the perceived safety of U.S. government paper.
U.S. government bond yields rose on Wednesday after the Federal Reserve releases its minutes from its September meeting, which shows the central bank’s intent to raise rates gradually against a robust economic backdrop
Treasury yields rose on Monday to kick off a week during which investors are expected to take their cue from the continued weakness in stocks and geopolitical jitters.
Treasury yields ticked higher on Friday, arresting the week’s slide, as the bond market took a breather from the rotation out of risk assets and stocks into U.S. government paper earlier this week.
Investors flee to the perceived safety of U.S. government bonds early Thursday in New York, bringing a momentary halt to a rapid climb in yields, following the worst one-day decline for equity benchmarks in months in the prior session.
Treasury yields rose on Wednesday after two key bond auctions saw weak appetite, suggesting investor demand for U.S. government paper remained muted amid concerns of higher yields.
Treasury yields rose in early Wednesday trading as traders look forward to economic data that could give the latest indication of inflationary pressures in the supply chain.
The selloff in Treasurys saw a brief respite Tuesday, pulling the yield on the 10-year note down from its intraday highs after the benchmark maturity leaped above 3.25% for the first time since 2011.
Speed may be the most significant feature of this recent move in fixed-income assets that stock investors will be forced to contend with in the coming week, say Goldman analysts.
The bond index anchoring trillions of dollars in fixed-income markets is on track to log its second-worst showing over the history of the benchmark’s existence.
Treasury yields hit fresh multiyear peaks on Friday, extending their weeklong ascent, after a key jobs report showed tightening labor markets were leading to wage gains—a bearish development for bond bulls. The Bureau of Labor Statistics reported the U.S. had added 134,000 jobs in September, below the 168,000 jobs expected from economists polled by MarketWatch. The unemployment rate fell to 3.7%, its lowest level since 1969.
It is no surprise that banks are benefiting from the sudden surge in Treasury yields. Here’s a look at the sectors most sensitive—positively and negatively—to higher yields.
Treasury yields added to their weeklong surge after the September employment report. The 10-year Treasury note yield rose 2.4 basis points to 3.218%. The 2-year note yield was up 1.3 basis points to 2.893%. The 30-year bond yield climbed 3.2 basis points to 3.386%. Bond prices move in the opposite direction of yields. The Bureau of Labor Statistics reported the U.S. economy had added 134,000 jobs in September. Economists polled by MarketWatch had expected a reading of 168,000. July and August payroll numbers were revised higher. Average hourly earnings rose 0.3% in September, while the unemployment rate fell to 3.7% from 3.8%. Bond investors have been unnerved by the recent raft of stellar economic data, which has suggested the economy is picking up steam into the latter half of the year.
Jeff Gundlach, chief executive of Doubleline Capital, on Thursday projected that U.S. Treasury yields are likely to rise further and investors should adjust accordingly.
Treasurys extend a selloff Thursday, driving yields to multiyear highs, after remarks late Wednesday by Federal Reserve Chairman Jerome Powell imply that the central bank may have more room than thought to lift interest rates.
The biggest selloff in the long-end of the bond market since the day after President Donald Trump’s election sent yields soaring and left analysts guessing why market participants are dumping their holdings of U.S. government paper. Here are three popular answers.
Treasury yields rose on Wednesday after reports suggested the Italian government would trim its budget-deficit targets from 2020, easing fears of a clash between Brussels and Rome.
Long-end Treasury yields were on track to book their biggest one-day climb since the day after President Donald Trump's election in November 2016, as investors continued to dump bonds throughout Wednesday's trading session. The 10-year Treasury note yield picked up 11 basis points to 3.166%, its largest one day rise since Nov. 9 2016 when the benchmark bond yield surged 19.8 basis points. The 30-year bond yield jumped 12 basis points to 3.327%, the largest jump since the same date, according to Tradeweb data. Bond prices move in the opposite direction of yields. The sharp climb came mostly on the back of a stronger than expected jump in the ISM's services gauge, which could boost GDP estimates in the third and fourth quarter. Speculators and hedge funds had placed a record number of short positions on 10-year note futures as of Sept. 28, data from the Commodity Futures Trading Commission shows.
Treasury yields across the board set fresh multiyear highs after a trove of better-than-expected economic data and ebbing fears of a budget clash between Rome and Brussels. The 10-year Treasury note yield climbed 7.1 basis points to 3.127%, a seven-year intraday high, while the 30-year bond yield rose 7.6 basis points to 3.283%, a four-year intraday high. The 2-year note yield was up by 3.3 basis points to 2.848%, according to Tradeweb data. Bond prices move in the opposite direction of yields. The U.S. economy added 230,000 private sector jobs in September, according to Automatic Data Processing, and the Institute for Supply Management's services gauge hit 61.6% in the same month.
Treasury yields fall on Tuesday after the Italian government’s plan to ramp up fiscal spending came into focus, luring investors to the perceived safety of U.S. government paper.
An agreement between the U.S. and Canada to revise the North American Free Trade Agreement boosted equities and other risky assets, taking steam out of the Treasury market on Monday.
Treasurys gain ground Friday, pulling back yields, as a rally continued following a widely expected Fed rate increase earlier in the week. Meanwhile, Italian government bonds suffer a rout following the country’s poorly received deficit target.