Friday 27 October 2023

10 year US treasury yield jinx

News is awash on the rise of the 10 year US treasuries to around 5% for the first time in 16 years, the first time since the global financial crisis. Check the intros of the stories in the links below.

A relentless global bond rout is piling pain on to investors who loaded up on fixed-income assets this year as they spied the end of central banks’ cycle of interest rate rises. The yield on 10-year US Treasuries climbed to around 5% — a level not seen since before the global financial crisis — on Thursday, capping a rise from around 3.5% at the start of the year that goes hand in hand with a sharp decline in prices. Full story here: https://on.ft.com/46Yzj4Q

Treasury yields have jumped today as stronger-than-expected US retail sales data breathed new life into a global bond rout. Investors are worried this latest sign of US consumers' resilience could mean the Federal Reserve might lift borrowing costs further in its fight against inflation. Get the full story here: https://on.ft.com/3rRErZB

Bond yields have been pushed to a 16-year high after data showed the US added 336,000 new jobs in September, far more than expected. The figures have also fuelled investor anxieties that interest rates will stay higher for longer.

Get the full story here: https://on.ft.com/45k26zt?segmentid=b118df58-92c2-d0b5-68bb-3059fe9219fa

Bond yields on both sides of the Atlantic have hit their highest levels for more than a decade today as a sell-off in global fixed income continues. Read the full story here: https://on.ft.com/45n8Nk5

The 10-year Treasury yield rose above 5% today for the first time in 16 years, extending a multi-week rout in bonds as investors bet that the US Federal Reserve would keep interest rates at their current high levels for longer. Read more: https://on.ft.com/3S6NiBn

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