U.S. Treasury Yields Surge, 10-Year Hits 4.45% High, Stocks React to Market Movement
U.S. Treasury yields are on the rise, with the 10-year reaching a 2024 high of 4.45%. The two-year yield is also up, hitting 4.78%, the highest in four months. This surge in yields is affecting stock markets and hinting at a potential delay in interest rate cuts by the U.S. Federal Reserve.
Sources
*Walter Bloomberg
❖ Treasury Yields, Dollar Rise as Investors Pare Bets on Cuts The Fed repricing continues, with the fed funds rate for December approaching 4.8%, up from less than 4% in January. On the CME's FedWatch tool, odds of another hold in June beat odds of a cut for the first time this…
Beth Stanton#TreasuriesToday: Yields higher by 3bp-5bp, near session highs that also are YTD highs (2Y 4.78%, 10Y 4.45%), reached as Fed rate-cut expectations continue to erode. Ahead this week: $58b 3Y new issue Tues, $39b 10Y & $22b 30Y reopenings (2nd) Weds and Thurs.
zerohedge 10Y yield HOD 4.4561%