Ten-year Treasury yield highest in almost 3 months

Monday, 27. September 2021 11:22

The yield on the benchmark ten-year United States Treasury on Monday hit levels unseen in nearly three months as investors anticipate Federal Reserve Chair Jerome Powell's testimony before the Senate Banking Committee on September 28 with the focus on the Fed's asset purchasing program and its looming reduction. Meanwhile, congressional negotiations on the separate infrastructure and social spending bills, as well as the lawmakers' potential moves to prevent a government shutdown and raise the debt ceiling were also in the spotlight for bond market participants.

The yield on the 10-year Treasury note rose by 2.4 basis points to 1.478% at 5:17 am ET, while the return on the two-year note increased 8 basis points to 0.288% at 5:18 am ET. The yield on the 30-year debt gained 7 basis points to reach 1.993% a minute later.

The two-year note futures declined 0.02%, the 10-year note futures decreased 0.12% and the 30-year bond futures lost 0.18% at 5:07 am ET.

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Breaking the News / MS