|Day's Range||2.85 - 2.90|
|52 Week Range||2.03 - 3.12|
Rates for home loans eased, but with little inventory to buy, owners may choose to remodel their existing homes instead.
Long-dated government bond yields on Friday see their most severe selloff in weeks, extending a recent climb, as investors grappled with President Donald Trump’s comments criticizing domestic monetary policy and that of allies in China and Europe.
Surprise! President Donald Trump took his broadside against the Federal Reserve’s interest-rate increases to Twitter. When his remarks to CNBC on central bank policy were released Thursday, bond traders largely took them in stride. The U.S. yield curve from two to 10 years is steepening by the most since February.
The bond market event that investors need to be following isn't Trump's sudden attack on the Federal Reserve or the rising interest rates that current Fed policy is dictating, but the inverted yield curve, the moment when the spread between the short-term and long-term treasury rates actually inverts. It is always a recession precursor.
Treasury yields briefly rose early Friday after President Donald Trump said in a tweet that China and the European Union were manipulating their currencies and interest rates, even as the U.S.'s dollar and rates were rising, hurting the U.S.'s "competitive edge." The 10-year Treasury note yield (tmubmusd10y) advanced 1.5 basis points to 2.862%. The 30-year bond yield (tmubmusd30y) rose 2.5 basis points to basis point to 2.992%, while the 2-year note yield (tmubmusd02y) was down 0.4 basis point to 2.591%.
U.S. government debt prices were lower on Friday morning, as traders digested criticism of the Federal Reserve from President Donald Trump.
Asian markets wobbled Friday on signs that China and the U.S. were preparing to impose more tariffs on each other's products. KEEPING SCORE: Japan's Nikkei 225 lost 0.5 percent to 22,652.42 and South Korea's ...
U.S. government bonds rose Thursday on the latest signs that inflation remains benign. The yield on the benchmark 10-year Treasury note fell for the first time in four trading sessions, slipping to 2.845% from 2.875% Wednesday.
MARKET PULSE The Dow Jones Industrial Average on Thursday booked its worst daily drop in more than and week and the broader market also finished in the red as lackluster corporate results and fresh concerns about global trade tensions sapped buying enthusiasm on Wall Street.
President Trump doubled down on his criticism of the Fed, tweeting Friday that “tightening now hurts all we have done.” Yahoo Finance’s Seana Smith, Andy Serwer, Myles Udland and Pras Subramanian discuss.