Coinspeaker
10-Year US Treasury Yields Surge Past 5% Again, Dow Futures Crash 200 Points
Macro pressure continues to hover over Wall Street as the 10-year US Treasury yields surged higher even today on Monday, October 23. The treasury yields continue to hover at multi-year highs as investors prepare for higher-for-longer interest rates from the Federal Reserve.
Around 5:54 a.m. ET, the yield on the 10-year Treasury note, considered the benchmark, increased by 9 basis points to reach 5.014%. Similarly, the yield on the 30-year Treasury bond rose by approximately 8 basis points to reach 5.173%. It’s essential to note that yields move inversely to bond prices.
This marks the first time since July 2007 that the 10-year yield surpassed the 5% threshold. This surge followed the remarks from Federal Reserve Chairman Jerome Powell, emphasizing the central bank’s unwavering commitment to reducing inflation sustainably to 2%, even if it requires lower economic growth.
Futures tied to the fed
We współpracy z: https://www.coinspeaker.com/10-year-us-treasury-yields-dow/
