The US 10Y Note Yield is now moving in a literal straight-line higher, up to 5.13%. This is no longer an issue that we have months or years to address
byu/RobertBartus inEconomyCharts
30-Year Yield Hits 5.44% as Fed Hike Odds Surge Past 70%
Treasury yields were trading at multidecade highs on Thursday, as investor bets on another rate hike from the Federal Reserve mounted.
The 30-year Treasury bond yield was last about 10 basis points higher, hitting a high of 5.501%, a level not seen since June 2004. The benchmark 10-year Treasury note yield, which is tied to rates on mortgages, surged more than 10 basis points to 5.223%, to levels not reached since June 2007. The 2-year note yield rose more than 4 basis points to 4.941%.
One basis point equals 0.01%, and yields and prices move in opposite directions.
The US government's 30-year Treasury yield just surged to its highest level since 2004 as stock markets drop across the board.
byu/DumbMoneyMedia inBrokeonomics
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