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Treasury yields rise to 1.23% in 10 years

Treasury yields rose Wednesday morning and 10-year interest rates rose to 1.23%.

Benchmark yield 10-year government bond It added 2 basis points and rose to 1.2367% at 3:30 EST.Yield 30-year government bond It increased by 3 basis points to 1.9003%. Yields are inversely proportional to price, and one basis point is equivalent to 0.01 percentage points.

Treasury yields fell earlier this week and 10-year interest rates hit a five-month low, amid concerns about the rapid proliferation of Covid-19 variants and rising inflation.

According to the report, an average of more than 35,500 coronaviruses have occurred in the United States over the past seven days. Data from the Centers for Disease Control and Prevention..

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Regarding concerns about inflationary pressure, Kleinwort Hambros Chief Investment Officer Fahd Kamal said on CNBC’s “Squaw box europe“On Wednesday, his company didn’t think price pressure would be” out of control. “

“I don’t think there’s anything like inflation in the high single digits,” he said. “While current prices are recovering,” next year will slow down and return to the trend again. “

There are no major economic releases scheduled for Wednesday.

An auction of $ 30 billion worth of 119-day bonds and $ 24 billion worth of 20-year bonds will be held on Wednesday.

Treasury yields rise to 1.23% in 10 years

Source link Treasury yields rise to 1.23% in 10 years

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