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10/20/2023, 4:01 AM (Source: TeleTrader)
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10-year Treasury yield hits 16-year high

Yields on United States Treasuries rose to multi-year highs on Thursday, with the yield on the 10-year note reaching the highest level since 2007, as investors digested the latest remarks by Federal Reserve Chair Jerome Powell, who said the bank's policy is not "too tight."

After climbing to 5.001% earlier in the day, the yield on the benchmark 10-year Treasury note was down 2.3 basis points to 4.965% at 9:57 pm ET, after reaching levels last seen in 2006, and the yield on the 2-year note lost 0.6 basis points to reach 5.154% at the same time. The yield on the 30-year bond decreased by 2.8 basis points to 5.074% at 9:58 am ET, but still remained at the highest levels in 16 years.

Baha Breaking News (BBN) / NP