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US 30-year bond yield rises to highest since 2004 as selloff deepens
Strong U.S. growth data and rising inflation pressures pushed traders to price a 70% chance of another Federal Reserve hike in October, CME Group said.
- On Wednesday, the 30-year Treasury yield climbed more than 3 basis points to 5.444%, reaching its highest level since 2004 as bond prices fell.
- Strong growth and rising inflation pressures spurred the bond selloff, prompting investors to increase bets that the Federal Reserve will raise interest rates again.
- PMIs rose to 58.7 and 56.7, leading traders to price in a 70% chance of rate hikes per the CME Group's FedWatch tool.
- Fed Governor Michael Barr said "further policy adjustments" are likely, while Deutsche Bank analysts noted resilient growth enables the Fed to keep hiking rates.
- Japan's 10-year JGB yield reached 3.055%, its highest since 1996, while Gilts and German Bunds also moved higher amid the global bond selloff.
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15 Articles
15 Articles
The long-term U.S. treasury bonds are rising against the backdrop of rising expectations for further tightening of the Federal Reserve (FRF) monetary policy.
US 30-year bond yield rises to highest since 2004 as selloff deepens
·London, United Kingdom
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US 30-Year Yield Hits Highest Since 2004 as Bond Selloff Deepens
Yields on the US government’s longest-dated bonds climbed to the highest level in more than two decades, the latest milestone notched in an extended bond selloff driven by inflation and fiscal concerns.
·New York, United States
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The U.S. “30-year-old” is at the highest since 2004.
·Oslo, Norway
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The US 30-year Treasury bond is currently trading at its highest yield since 2004, according to Bloomberg on Thursday morning.
Coverage Details
Total News Sources15
Leaning Left1Leaning Right3Center3Last UpdatedBias Distribution43% Center, 43% Right
Bias Distribution
- 43% of the sources are Center, 43% of the sources lean Right
43% Right
14%
C 43%
R 43%
Factuality
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