US 30-year bond yield rises to highest since 2004 as selloff deepens
Strong U.S. growth data and rising inflation pressures pushed traders to price a 70% chance of another Federal Reserve hike in October, CME Group said.
- On Wednesday, the 30-year Treasury yield climbed more than 3 basis points to 5.444%, reaching its highest level since 2004 as bond prices fell.
- Strong growth and rising inflation pressures spurred the bond selloff, prompting investors to increase bets that the Federal Reserve will raise interest rates again.
- PMIs rose to 58.7 and 56.7, leading traders to price in a 70% chance of rate hikes per the CME Group's FedWatch tool.
- Fed Governor Michael Barr said "further policy adjustments" are likely, while Deutsche Bank analysts noted resilient growth enables the Fed to keep hiking rates.
- Japan's 10-year JGB yield reached 3.055%, its highest since 1996, while Gilts and German Bunds also moved higher amid the global bond selloff.
35 Articles
35 Articles
(New York = Yonhap News) Correspondent Lim Soo-jung = As the possibility of further interest rate hikes by the U.S. Federal Reserve (Fed) comes to the forefront, U.S. Treasury yields have been soaring day after day, reaching levels for the first time in decades...
US 30-year bond yield rises to highest since 2004 as bond market bloodbath continues
Long-dated U.S. borrowing costs climbed Thursday to their highest level in more than 20 years as a months-long bond selloff gathered speed. The yield on the 30-year U.S. Treasury rose more than 3 basis points to 5.444 percent, its highest since 2004, as prices fell. U.S. and global yields jumped on Wednesday after data pointed […]
Global bond sell-off deepens, sending borrowing costs higher around the world
By John Towfighi, CNN New York (CNN) — The US 30-year Treasury yield rose as high as 5.45% Thursday morning, its highest level since 2004, extending a recent sell-off that’s seen yields climb around the globe.Bond yields are on the rise again this week, surging to fresh highs for this year. Thursday’s action follows a
The long-term U.S. treasury bonds are rising against the backdrop of rising expectations for further tightening of the Federal Reserve (FRF) monetary policy.
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