10yr Treasury soaring, up 9 basis points, Market vulnerable!
Posted 16 May 2018 - 05:41 PM
Posted 16 May 2018 - 10:07 PM
US 10-year Treasury yield jumps to highest level since 2011 to above 3.09%
- The yield on the benchmark 10-year Treasury note hit its highest level since 2011 and the two-year yield hit its highest mark since 2008.
- The 10-year Treasury note yield, a barometer for mortgage rates, rose 7 basis points to 3.069 percent early Tuesday morning.
- "As long as economic growth remains steady, then the call for the Fed to keep raising rates will stay loud," wrote Kevin Giddis, head of fixed income capital markets at Raymond James.
why are you and CNBC so obsessed about TNX? In the past rising yield coincided with rising market. It should be bullish if anything. Rising yield or falling bond price will let money flow to stocks.