10-year and 30-year Treasury yields rise to their highest levels since 2007
Publishing timestamp: 2023-10-03 11:48:10
Summary
The 10-year Treasury yield has surged to its highest level since 2007, indicating investor confidence and potentially leading to higher mortgage rates. The Federal Reserve is expected to continue raising rates to combat inflation, but there is uncertainty about when and whether another rate hike will occur. Rising yields have rekindled concerns about the impact of high fiscal deficits on borrowing costs.
Sentiment: MIXED
Keywords: economic outlook, labor economy, economy, economic events, u.s. economy, breaking news: markets, u.s. 10 year treasury, business news, u.s. treasury bonds, interest rates, u.s. 2 year treasury, markets, personnel, bonds, monetary policy, government debt, united states, medium term notes, treasury bills, treasury notes, prices,
Source: https://www.cnbc.com/2023/10/03/us-treasury-yields-investors-weigh-economic-outlook.html