10-year Treasury yield rises to start the week, reaches highest level since 2007
Publishing timestamp: 2023-09-25 16:28:03
Summary
U.S. Treasury yields rose on Monday as investors considered the future of interest rates and awaited economic data. The 10-year Treasury yield reached its highest level since 2007, while the 2-year Treasury yield remained flat. Moody's warned that a U.S. government shutdown would have a negative impact on the country's credit. Investors are now expecting rates to remain higher for longer and are considering the possibility of another rate hike in November or December. The potential government shutdown and upcoming economic data will be key factors to watch.
Sentiment: NEUTRAL
Keywords: u.s. 10 year treasury, economy, treasury notes, federal reserve bank, monetary policy, markets, bonds, business news, breaking news: markets, u.s. 2 year treasury, economic outlook, treasury bills, u.s. treasury bonds, u.s. economy,
Source: https://www.cnbc.com/2023/09/25/us-treasurys-investors-weigh-interest-rate-path-ahead.html