ETN News (September 29 Special Report): Recent rebounds in oil prices and rising inflation concerns have pressured the bond market. U.S. Treasuries broadly declined on Monday (28th), with yields rising as the market further bets on future rate hikes by the Federal Reserve. The yield on the U.S. 10-year Treasury bond continued to climb, briefly reaching about 5.27%, returning to levels seen before the 2007 financial crisis.
The yield on 5-year U.S. Treasuries rose during the day to around 5.04% to 5.06%. The 30-year U.S. Treasury yield briefly rose to about 5.52%, close to its highest level since 2004, with a cumulative increase of about 27 basis points this month.
On the short-end, the 2-year yield rose about 55 basis points in September, likely marking the largest single-month increase since February 2023, reflecting market expectations for monetary policy to tighten again. (yc)
The yield on 5-year U.S. Treasuries rose during the day to around 5.04% to 5.06%. The 30-year U.S. Treasury yield briefly rose to about 5.52%, close to its highest level since 2004, with a cumulative increase of about 27 basis points this month.
On the short-end, the 2-year yield rose about 55 basis points in September, likely marking the largest single-month increase since February 2023, reflecting market expectations for monetary policy to tighten again. (yc)
