U.S. Treasury yields rose on Thursday, with the 10-year Treasury extending its latest multiyear high as investors awaited remarks from Fed Chair Jerome Powell.
U.S. Treasury yields rose on Thursday, with the 10-year Treasury reaching a fresh multiyear high as investors awaited remarks from Federal Reserve Chairman Jerome Powell.was up by 6 basis points at 4.953%. It had risen as high as 4.98% earlier in the session, trading at levels last seen in 2007 afterPowell is expected to echo comments from other Fed officials who have indicated that rates will likely remain elevated for longer than previously expected.
That comes as multiple central bank speakers have suggested that rates may not need to be hiked further and keeping them at their current level would be sufficient to achieve the Fed's goals of easing inflation and cooling the economy. Some policymakers have cited tighter financial conditions brought on by surging Treasury yields as a contributing factor.
Israel-Hamas war live updates: Hamas says head of security forces killed in Israeli airstrike; violence rises in the West Bank Fresh economic data will be released Thursday, when weekly initial jobless claims and September's existing home sales figures are due.Fed's Waller says officials can 'wait, watch and see' before acting again
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S&P 500 futures extend losses as Treasury yield nears 5%, Powell speech loomsJamie Chisholm is a markets reporter based in London.
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10-year Treasury extends multiyear high ahead of Fed Chair Powell speechU.S. Treasury yields rose on Thursday, with the 10-year Treasury extending its latest multiyear high as investors awaited remarks from Fed Chair Jerome Powell.
Read more »
10-year Treasury extends multiyear high ahead of Fed Chair Powell speechU.S. Treasury yields rose on Thursday, with the 10-year Treasury extending its latest multiyear high as investors awaited remarks from Fed Chair Jerome Powell.
Read more »
10-year Treasury reaches fresh multiyear high ahead of Fed Chair Powell speechU.S. Treasury yields rose on Thursday, with the 10-year Treasury extending its latest multiyear high as investors awaited remarks from Fed Chair Jerome Powell.
Read more »
10-year Treasury reaches fresh multiyear high ahead of Fed Chair Powell speechU.S. Treasury yields rose on Thursday, with the 10-year Treasury extending its latest multiyear high as investors awaited remarks from Fed Chair Jerome Powell.
Read more »