After reaching a 3-month peak last week, U.S. Treasury yields are still climbing.
On Monday, the yield on the 10-year U.S. Treasury increased, reaching a three-month high.
The yield increased by 2 basis points to 4.252%, while the added 1 basis point to 4.108%.
Yields move inversely to prices. One basis point equals 0.01%.
On Wednesday, the yield on the 10-year Treasury reached a three-month high of 4.25%, but later dipped slightly to end the week.
This week, traders are anticipating the release of fresh jobs figures and consumer confidence data, which will provide insight into the U.S. presidential election on Nov. 5.
Central bank commentary following last week's IMF meetings in Washington, D.C., will continue to be digested by investors, with Federal Reserve policymakers now in a blackout period that prevents any commentary ahead of next week's interest rate decision.
Markets
You might also like
- SEC imposes over $100 million fine on Vanguard for target date retirement fund violations.
- After data shocks, traders predict more Bank of England rate cuts in 2025.
- The yield on 10-year Treasury notes decreases, marking a continuation of the retreat from the 14-month high.
- The impending U.S. sanctions on Russian crude are causing India to face an 'oil shock'.
- BlackRock predicts another historic year for crypto.