Investing.com - Financial Markets Worldwide

NewsBreak: 10-Year Treasury at Highest Level Since July

Published 07/11/2019, 18:49
Updated 07/11/2019, 19:12
© Reuters.
US500
-
DJI
-
US10YT=X
-

Investing.com – The yield on the U.S. 10-Year Treasury note hit its highest level since July on Thursday and could top 2% if the current stock-market rally continues.

  • The yield was at 1.956% at 1:03 PM ET (18:03 GMT), up from 1.812% on Wednesday. The yield is the highest since it reached 2.072% during the July 31 trading session.

  • The yield was pushed lower by three interest-rate cuts from the Federal Reserve starting on July 30 amid concerns about a global slowdown in the wake of the U.S.-China trade fight. It bottomed at 1.429% intraday on Sept. 3, a day the Dow Jones Industrial Average fell 285 points.

    • The yield has been rising steadily since Sept. 3 as investors began to bet that a portion of the trade dispute will be resolved soon and as data has continued to suggest U.S. job growth and consumer spending are both strong. The S&P 500 Index is up nearly 5.7% since the end of August and hit a new intraday high of 3,097.77 at Noon ET Thursday.

    • After the last Fed rate cut on Oct. 30, Fed Chairman Jerome Powell suggested the central bank would hold rates steady unless a crisis erupts.

    Latest comments

    Install Our App
    Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
    Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
    Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
    It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
    Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
    © 2007-2024 - Fusion Media Limited. All Rights Reserved.