TELETRADER News
8/27/2020, 4:23 PM (Source: TeleTrader)
more TeleTrader news

F ZB-0.43%

157.6563
Chart for: F ZB 3/21

F ZN-0.40%

132.9688
Chart for: F ZN 3/21

F ZT-0.01%

110.4375
Chart for: F ZT 3/21

US 10Y, 30Y bond yields jump after Powell speech

Treasury yields, which move inversely to bond prices, in the United States jumped on Thursday after the Federal Reserve announced a new monetary policy that will aim to keep inflation on average at 2%, indicating a longer period of low interest rates.

The return on the 30-year Treasury jumped 5.2 basis points to 1.46% at 10:16 am ET, returning to levels from late June. The benchmark 10-year bond yield was up by 2.9 basis points at 0.716% at 10:16 am ET. Meanwhile, the 2-year note yield was down a mere 0.2 basis points at 0.152% at 10:16 am ET.

Bond futures for the 30-year Treasury and the 10-year Treasury fell 0.41% and 0.12%, respectively, both at 10:09 am ET while 2-year note futures were flat.

Breaking the News / VP