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10-year Treasury yield breaks above 4.9% for the first time since 2007 - TL;DR CNBC

10-year Treasury yield breaks above 4.9% for the first time since 2007

Publishing timestamp: 2023-10-18 13:10:24


Summary

U.S. Treasury yields rose, with the 10-year hitting a multiyear high. Investors are considering the outlook for Federal Reserve interest rates as they digest economic data. The data showed mixed results, with housing starts accelerating but at a slower rate than expected, and retail sales figures exceeding expectations. This has raised concerns about the future of interest rates, with some investors believing rates may be hiked further or kept elevated for longer. The probability of a rate increase in December has also risen. Investors are awaiting comments from Fed officials, including Fed Chairman Jerome Powell, and upcoming economic data to gain further insight.


Sentiment: MIXED

Tickers: US2YUS5YUS10Y

Keywords: economic eventsbondsu.s. economytreasury notesu.s. 5 year treasuryinterest ratesbreaking news: marketsu.s. treasury bondsgovernment debtmedium term notescentral bankingfederal reserve banku.s. 2 year treasurymarketsjerome powellbusiness newseconomytreasury billsu.s. 10 year treasurypriceseconomic outlook

Source: https://www.cnbc.com/2023/10/18/us-treasury-yields-investors-weigh-economic-data.html


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