The yield on 10-year Treasury bonds is approaching 1.7%, within 20 basis points of already low pre-pandemic rates. The recent increase in the 10-year is in response to signs of an economic recovery and perceived risks around higher inflation. But sub-2% interest rates on the 10-year Treasury are far ... READ MORE >
Treasury yields
American peak growth? Here is some much-needed context
One of the stories driving conversation today in financial markets, especially among fixed-income participants, is the idea that U.S. growth has peaked and that is why bond yields have declined recently. This is a discussion in need of some context that considers the long-run sustainable pace of ... READ MORE >
CHART OF THE DAY: 10-year Treasury yield pushes above 1%
It’s been an eventful first few days of trading in the new year. Most notably, the yield on 10-year Treasuries moved above 1% for the first time since the economic collapse in March, and following the runoff elections in Georgia on Tuesday that gave control of the Senate to Democrats. Yields broke past ... READ MORE >