Treasury yields pull back ahead of FOMC minutes

Treasury yields pulled back slightly on Wednesday from multi-decade highs seen on the previous day, as a sell-off at the long end of the curve eased investor jitters.  The yield on the 10-year U.S. Treasury note — the key benchmark for U.S. government borrowing — fell 2 basis points to 4.686%. The 2-year Treasury note…

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Mortgage rates rise as Treasury bond yields climb

Against a backdrop of persisting inflationary pressures, yields on longer-term bonds have been climbing, which experts say is likely to keep borrowing costs elevated — particularly for long-term fixed-rate loans such as mortgages. The yield on the U.S. 30-year Treasury bond hit 5.323% on Tuesday, a 19-year high, before edging down to just below 5.3%….

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Three things that could drive it even higher

Traders work on the floor of the New York Stock Exchange. NYSE The yield on the 30-year U.S. Treasury has surged to its highest level in nearly two decades, and some strategists see scope for the selloff in long-dated government bonds to go further. The 30-year Treasury yield, which is typically sensitive to geopolitical events,…

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