China goes its own way in global debt selloff with 10-year yield at 1.7%
China's 10-year government bond yield touched 1.7%, diverging from a global debt selloff, with the PBOC a net bond buyer this year.
China's 10-year government bond yield touched 1.7%, diverging from a global debt selloff, with the PBOC a net bond buyer this year.
Jim Bianco turns bullish on bonds for the first time in six years, citing 5% yields as fair value.
The US Treasury auctioned $39 billion of 10-year notes with a high yield of 5.300%, below the WI level of 5.317%.
The 30-year Treasury yield reached 5.70% on Monday, its highest since 2002, while the 10-year yield neared 5.32%, pressuring gold and equities.
The US dollar has strengthened as Treasury yields near multi-decade highs, potentially tightening financial conditions without further Fed rate hikes.
Today's $39 billion 10-year Treasury note auction may influence mortgage rates and the S&P 500.
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Two veteran bond bears now recommend long US Treasuries as yields top 5%, despite record losses.
Goldman Sachs believes the recent US Treasury selloff may be overdone, citing five drivers, but says a rally may require lower energy prices or weaker…
The Treasury's $58B 3-year note auction yielded 4.932%, slightly below the when-issued level, with mixed demand.
The Treasury Department is withdrawing two crypto surveillance rules, a win for privacy advocates and the digital asset industry.
10-year Treasury yields have risen above 5.30%, reaching their highest level since 2002, despite reduced bets on a Fed rate hike in October.
European stocks dipped at the open as France's CAC 40 fell 0.9% on budget worries, while bond yields stayed elevated.
October's historical rise in 10-year Treasury yields coincides with current bond market pressures, potentially weighing on equities.