What happened: Long-dated Treasury bond yields stayed elevated on Thursday as investors digested the Fed's decision to hold rates steady, while Wall Street pointed to signs of credibility trouble at the central bank.
The 10-year Treasury (^TNX) rose to 4.66% while the 30-year Treasury (^TYX) yield was at 5.21%, its highest level since 2007.
Read more: What soaring Treasury yields mean for your finances
What's behind the move: While the two-year bond yield shed four basis points during Fed Chairman Kevin Warsh's presser on Wednesday, the 10-year and 30-year inched higher.
The move on long-dated yields signals investors worry the Fed is falling behind the curve on inflation, prompting them to demand a higher yield premium to lock up capital long-term
#treasury #long #yield #bond
The 10-year Treasury (^TNX) rose to 4.66% while the 30-year Treasury (^TYX) yield was at 5.21%, its highest level since 2007.
Read more: What soaring Treasury yields mean for your finances
What's behind the move: While the two-year bond yield shed four basis points during Fed Chairman Kevin Warsh's presser on Wednesday, the 10-year and 30-year inched higher.
The move on long-dated yields signals investors worry the Fed is falling behind the curve on inflation, prompting them to demand a higher yield premium to lock up capital long-term
#treasury #long #yield #bond
2 months ago
