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Treasury yields rise for 10 years as investors focus on the Fed’s final taper

Benchmark US 10-Year Government Bond Yield It rose to a two-month high after the Federal Reserve Board said it could soon curtail its asset purchase program, making up for some of Thursday’s night’s losses.

Benchmark yield 10-year government bond By 4:20 pm, it jumped to 1.434% on a 10-base basis, surpassing 1.4% for the first time since July.Yield 30-year government bond It increased by 9 basis points to 1.944%. Yield is inversely proportional to price, 1 basis point is 0.01%.

The Federal Reserve Board said after Wednesday’s September meeting that U.S. economic development since the depth of the pandemic meant meant the central bank. May be able to withdraw some of the market support In the coming months, the tapering of its bond purchase program will probably end by mid-2022.

“If progress continues broadly as expected, the Commission will determine that the easing of the pace of asset purchases may soon be justified,” a statement after the FOMC meeting said.

Elsewhere Weekly unemployed billing The total week ended on September 18 was 351,000, surpassing the estimated 320,000 economists surveyed by Dow Jones.

The Bank of England did not change its monetary policy on Thursday, lowering its economic growth forecast for the third quarter of this year.

The Bank of England policymakers unanimously resolved to keep key interest rates at a record low of 0.1% and chose to stick to the asset purchase target of £ 875 billion ($ 1.2 trillion).

Meanwhile, the Norges Bank on Thursday became the first major Western central bank to raise interest rates after the coronavirus pandemic.

After cutting interest rates three times in 2020 due to the economic downturn caused by the crisis, the Norges Bank unanimously decided to raise interest rates from zero to 0.25%.

— CNBC’s Hannah Miao and Jesse Pound contributed to this article.

Treasury yields rise for 10 years as investors focus on the Fed’s final taper

Source link Treasury yields rise for 10 years as investors focus on the Fed’s final taper

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