Treasury Yields Rebound After Intervention

A CNBC article

Bond yields climbed on Thursday, coming back from the pullback they saw the previous day after the Treasury Department announced an intervention aimed at easing pressure on longer-dated government debt.

Yields on 10-year U.S. Treasurys — the main benchmark for mortgages, auto loans and credit card debt — moved more than 5 basis points higher to 4.704%. The yield level was above the level it held before the 8:30 a.m. announcement Wednesday that Treasury would be stepping up its bond buyback program.

The yield on the 30-year U.S. Treasury bond — the primary focus of the accelerated buyback — was up more than 5 basis points at 5.248%.

The yield on the 2-year Treasury note, which more closely follows short-term Federal Reserve rate decisions, was last seen up less than 1 basis point at 4.185%.

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