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…

Read More

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%….

Read More

Ditch cash, long-term bonds. The market’s safety trade money has moved

U.S. dollar banknotes Jose Luis Gonzalez | Reuters Many investors are turning to short-term investments, particularly ultra-short bond funds, amid persistent concerns that the equity market is headed for an inevitable downturn and long-term bonds like the 10-year treasury are not providing the diversification benefits that they have provided within portfolios historically. Stock market returns…

Read More