|Day's Range||2.97 - 3.03|
|52 Week Range||2.65 - 3.25|
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.
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%.
Treasurys on Thursday afternoon draw bids, pushing debt prices up and yields down, after President Donald Trump said he wasn’t pleased that the Federal Reserve was raising rates, eroding the effects of fiscal stimulus by his administration.
Treasury yields rise Wednesday after the Federal Reserve’ Beige Book highlighted growing wage pressures from a tightening labor market.
Short-dated Treasury yields rise on Tuesday after Federal Reserve Chairman Jerome Powell, as expected, highlighted the need for a gradual pace of rate increases in testimony on Capitol Hill.
Fears of a trade war between the U.S. and its trading partners have distracted investors from inflation concerns and other bearish forces that once threatened to send Treasury yields higher earlier this year.
Treasury yields rose Monday after growth in retail sales highlighted the U.S. economy’s strength, an environment in which the Federal Reserve may be comfortable raising interest rates at its current pace.
Short-dated Treasury yields rose after senior Federal Reserve officials highlighted the positive growth outlook and the need to hike rates at the current pace
Treasury prices fall, nudging yields higher, on Thursday, a day after fears, sparked by a fresh round of tariffs from Trump administration, fuel buying in assets perceived as havens.
Price pressures can ravage the value of long-dated debt, the corner of the bond market most sensitive to inflation. Rather, current yields at the long end reflect investors’ expectations for consumer prices to turn lower by the end of the year, maintaining a downward trend well into 2019. Standish Mellon’s economists forecast CPI to rise 2.4% for 2018 but cool to 2.3% in 2019.
Treasurys rally Wednesday, driving yields lower, after the Trump administration said it plans on slapping a fresh round of tariffs on Chinese goods
Treasury prices extend their slide Tuesday, pushing up yields for a second session, after a tepid showing in an auction of short-dated government paper hints at weak demand for haven assets as trade war fears moderate.
Treasury prices weaken Monday, pushing up yields, as investors sell U.S. government paper in preparation for a busy week of bond auctions.
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.