Yields on 10-year Treasuries rose above 3.50% for the first time since 2011 on Monday. Inflation trends in the United States have strengthened the argument that the Fed will move to raise interest rates significantly.
The benchmark 10-year US Treasury bond yield rose 6.6 basis points (bp, 1 bp = 0.01%) at one point to 3.516%. The two-year bond, which is highly sensitive to the policy rate, was under even stronger selling pressure, and the yield on the same bond rose 7.5 basis points to 3.94%, the highest level since October 2007.
Money markets are all but certain that another 0.75 percentage point rate hike will be decided at this week’s Federal Open Market Committee (FOMC) meeting.
Fed tilts towards 0.75 point rate hikes for 3rd consecutive meeting, inflation remains high
There is also speculation that the Fed will raise rates by 1 percentage point to limit rising pressure on prices, which have shown little sign of easing despite previous rate hikes.
news-rsf-original-reference paywall">Original title:
news-rsf-original-reference paywall">US 10-Year Yield Rises to 3.5% for the First Time Since 2011 (抜粋）
US 10-Year Yield Rises to 3.5% for the First Time Since 2011 (抜粋）
(Update 10 Year Bond Product and add 2 Year Bond Product)