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10-Year Treasury Yields Rise Prior to Fed Meeting Next Week

A decade of US Treasury yields rose Friday morning as investors prepared for the Federal Reserve Board next week.

Benchmark yield 10-year government bond At around 1:30 pm Eastern Standard Time, it advanced 4 basis points to 1.37%.Yield 30-year government bond It increased by 3 basis points to 1.912%. Yield is inversely proportional to price, and one basis point is equivalent to 0.01%.

The Federal Reserve Board of Governors will meet next week for two days to elaborate on Wednesday when monthly bond purchases that helped recover from the pandemic could begin to slow down $ 120 billion.

Federal Reserve Board Chair Jerome Powell said so-called tapering could occur this year, but investors are waiting for more concrete.

The data released on Thursday August retail sales 0.7% increase against an estimated 0.8% decrease. However, unemployed bills for the week ending September 11 were 332,000, exceeding Dow Jones’ forecast of 320,000.

There are no auctions scheduled for Friday.

10-Year Treasury Yields Rise Prior to Fed Meeting Next Week

Source link 10-Year Treasury Yields Rise Prior to Fed Meeting Next Week

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