NEW YORK, LONDON—Wall Street’s major stock averages closed higher on Tuesday, steadying in the afternoon after early volatility while Treasury yields rose as investors waited anxiously for U.S. inflation data due later in the week. The U.S. dollar was little changed versus the euro and other major currencies, hovering close to its weakest level in…
Stocks Rise, Bond Yields Rise With December’s Upcoming Price Data in Focus
10-Year Yields Highest Since 2011 Before Expected Fed Rate Hike
NEW YORK—Benchmark 10-year U.S. Treasury yields jumped to their highest level since 2011 on Monday as investors adjusted for the likelihood that the Federal Reserve will hike rates higher and for longer than previously expected as inflation remains near multi-decade highs. Data last week showed higher-than-expected consumer prices in August, dashing hopes that the worst…
US Treasury 10-year Yield Hits 3 Percent for First Time in More Than 3 Years
NEW YORK—The U.S. benchmark 10-year Treasury yield on Monday hit 3 percent for the first time since December 2018, a psychological milestone that could have major implications for other financial markets. The 10-year yield is an important barometer for mortgage rates and other financial instruments. It has surged the last two months as the bond…
Dollar Consolidates Gains as US Yield Curve Continues to Flatten
LONDON—The U.S. dollar consolidated gains on Monday after hitting a 1–1/2 year high on Friday as the Treasury yield curve extended a three-week flattening streak following hawkish comments by a Federal Reserve official. With the Fed clearly signaling its intent to raise interest rates as early as March after its meeting last week, money markets…
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