The rapid climb in bond yields has come as the economy proves remarkably resilient in the face of 11 Federal Reserve interest rate hikes since early last year. Meanwhile, yields on the 2-year Treasury note and 30-year bond were recently 5.12% and 5.11%, respectively. (A basis point equals 1/100th of a percentage point, or 0.01%). The 10-year yield - a key determinant of mortgage rates and credit card interest rates - later fell back to around the 4.96% area Friday, still near a 16-year high after having risen some 40 basis points in October alone. US10Y 5D mountain 10-year yield this week The benchmark 10-year Treasury yield briefly reached the 5% milestone late Thursday, raising questions of how long it will stay elevated and what the effect will be on stocks. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit
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