{"id":75905,"date":"2023-10-23T14:32:07","date_gmt":"2023-10-23T18:32:07","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/u-s-10-year-briefly-tops-5-for-first-time-in-16-years\/"},"modified":"2023-10-23T14:32:30","modified_gmt":"2023-10-23T18:32:30","slug":"u-s-10-year-briefly-tops-5-for-first-time-in-16-years","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=75905","title":{"rendered":"U.S. 10-year briefly tops 5% for first time in 16 years"},"content":{"rendered":"<div id=\"js-article__body\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0002644758\" role=\"document\">\n<p>The key 10-year Treasury yield finally broke through the 5% mark for the first time in 16 years early Monday as traders focused on U.S. economic strength over geopolitics.<\/p>\n<h2>What\u2019s happening<\/h2>\n<ul class=\"articleList\">\n<li>\n      The yield on the 2-year Treasury<br \/>\n        BX:TMUBMUSD02Y<br \/>\n       was 5.089%, up less than 1 basis point from 5.082% on Friday. Yields move in the opposite direction to prices.<\/p>\n<\/li>\n<li>\n      The yield on the 10-year Treasury<br \/>\n        BX:TMUBMUSD10Y<br \/>\n       was 4.965%, up 4.1 basis points from 4.924% on Friday, after touching an intraday high of 5.02%.\u00a0The 10-year yield hasn\u2019t ended the New York session above 5% since July 19, 2007.<\/p>\n<\/li>\n<li>\n      The yield on the 30-year Treasury<br \/>\n        BX:TMUBMUSD30Y<br \/>\n       was 5.117%, up 3 basis points from 5.087% on Friday.<\/p>\n<\/li>\n<\/ul>\n<h2>What\u2019s driving markets<\/h2>\n<p>Yields have climbed in recent weeks as the result of what Fed officials including Chairman Jerome Powell and some investors see as rising term premiums \u2014 the unobservable compensation that investors require for bearing the risk that rates may change.<\/p>\n<div class=\"paywall\">\n<p>Analysts also said the Fed\u2019s hawkish stance and U.S. economic strength are more reasons why yields have climbed. A recession is no longer the consensus view among economists, according to a Wall Street Journal quarterly survey. <\/p>\n<p>The next Fed decision comes on Nov. 1, with expectations the central bank will pause and wait for more data before the December meeting.<\/p>\n<p>Geopolitics appeared to be playing less of a role in Monday\u2019s rise in yields as traders monitored diplomatic efforts in the Middle East. Meanwhile, the Bank of Israel opted to hold interest rates at 4.75%, two weeks after the surprise attack by Hamas.<\/p>\n<h2>What strategists are saying<\/h2>\n<p>Treasurys \u201csold off during the overnight session as 10-year yields traded with a 5-handle for the first time since 2007. There was no new fundamental trigger, perhaps simply the passing of the weekend and embedded geopolitical risk was enough to achieve the milestone,\u201d said BMO Capital Markets strategists Ian Lyngen and Ben Jeffery.<\/p>\n<p>\u201cWhile war in the Middle East remains top of mind for many investors, the impact on global financial markets has remained limited, all things considered,\u201d they wrote in a note. Flight-to-quality flows in U.S. Treasurys \u201chave been overshadowed by the no-landing narrative and as such, investors are unwilling to use the logic of safe haven potential to step in front of the bearish repricing that\u2019s currently underway.\u201d<\/p>\n<\/p><\/div>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.marketwatch.com\/story\/u-s-10-year-tops-5-for-first-time-in-16-years-ba05d580?mod=markets\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The key 10-year Treasury yield finally broke through the 5% mark for the first time in 16 years early Monday as traders focused on U.S. economic strength over geopolitics. What\u2019s happening The yield on the 2-year Treasury BX:TMUBMUSD02Y was 5.089%, up less than 1 basis point from 5.082% on Friday. Yields move in the opposite [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1898,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[241],"tags":[83],"class_list":["post-75905","post","type-post","status-publish","format-gallery","has-post-thumbnail","hentry","category-markets","tag-featured","post_format-post-format-gallery"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>U.S. 10-year briefly tops 5% for first time in 16 years | iFintechWorld<\/title>\n<meta name=\"description\" content=\"The key 10-year Treasury yield finally broke through the 5% mark for the first time in 16 years early Monday as traders focused on U.S. economic strength\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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