10-year Treasury yield flirts with 5% forward of Powell feedback

Treasury yields rose additional Thursday morning, with the 10- and 30-year charges on their strategy to extra 16-year highs, as merchants awaited feedback from Federal Reserve Chair Jerome Powell.

What’s occurring

What’s driving markets

The 10-year Treasury yield traded just a few foundation factors under 5%, its highest because the summer season of 2007, as buyers continued to promote long-dated U.S. authorities debt on fears that sturdy financial knowledge may encourage the Federal Reserve to maintain rates of interest greater for longer because it…

Source web site: www.marketwatch.com

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