{"id":81424,"date":"2023-11-06T19:34:30","date_gmt":"2023-11-07T00:34:30","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/2-year-treasury-yield-jumps-for-fourth-time-in-six-sessions-as-traders-reconsider-feds-rate-path\/"},"modified":"2023-11-06T19:34:32","modified_gmt":"2023-11-07T00:34:32","slug":"2-year-treasury-yield-jumps-for-fourth-time-in-six-sessions-as-traders-reconsider-feds-rate-path","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=81424","title":{"rendered":"2-year Treasury yield jumps for fourth time in six sessions as traders reconsider Fed\u2019s rate path"},"content":{"rendered":"<div id=\"js-article__body\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0002695642\" role=\"document\">\n<p>Treasury yields rose by the most in roughly two weeks or more on Monday as traders considered a slight chance of another Federal Reserve rate hike by January.<\/p>\n<h2>What happened<\/h2>\n<ul class=\"articleList\">\n<li>\n      The yield on the 2-year Treasury<br \/>\n        BX:TMUBMUSD02Y<br \/>\n       rose 11.1 basis points to 4.939% from 4.828% on Friday. Yields move in the opposite direction to prices. The yield is up four of the past six trading sessions.<\/p>\n<\/li>\n<li>\n      The yield on the 10-year Treasury<br \/>\n        BX:TMUBMUSD10Y<br \/>\n       climbed 10.5 basis points to 4.662% from 4.557% on Friday.<\/p>\n<\/li>\n<li>\n      The yield on the 30-year Treasury<br \/>\n        BX:TMUBMUSD30Y<br \/>\n       jumped 8.1 basis points to 4.831% from 4.750% on Friday.<\/p>\n<\/li>\n<li>\n      Monday\u2019s moves were the biggest one-day jumps for Treasury yields in almost two or three weeks.   <\/p>\n<\/li>\n<\/ul>\n<h2>What drove markets<\/h2>\n<p>Government bond yields jumped on Monday as traders and economists considered the potential for more action from the Federal Reserve early next year. <\/p>\n<div class=\"paywall\">\n<p>Economists at U.K. bank Barclays, one of the primary dealers for U.S. Treasurys, pushed back their call for a Fed rate hike to January. Meanwhile, fed funds futures traders put a 17.1% chance on either a quarter-point or half-point hike occurring by the first month of next year.<\/p>\n<p>The weekly drop in Treasury yields seen through last Friday has worked against the central bank, leaving officials in a \u201ccircularity loop\u201d that undermines its ability to formulate policy based on tightened conditions, according to Barclays. <\/p>\n<p><strong>Read: <\/strong>The Fed wanted the bond market\u2019s help in fighting inflation. Is it backfiring?<\/p>\n<p>On Monday, Fed Governor Lisa Cook said that households, businesses and banks are in pretty good financial health and don\u2019t appear to pose a big threat to the U.S. economy. Meanwhile, the central bank\u2019s senior loan officer survey found that banks continued to tighten standards for borrowing by businesses in the third quarter.<\/p>\n<h2>What analysts are saying<\/h2>\n<p>Besides Powell, other factors that played a role in last week\u2019s drop in yields was softer-than-expected data on\u00a0October payrolls\u00a0and\u00a0from the Institute for Supply Management, as well as lower-than-expected fourth-quarter\u00a0borrowing needs\u00a0from the Treasury, according to Rob Daly, director of fixed income for Glenmede Investment Management in Philadelphia.<\/p>\n<p>If financial conditions continue to loosen, Fed officials \u201cwould need to be on the front foot to raise rates,\u201d Daly said via phone. \u201cThey could raise rates in December if conditions look loose and it\u2019s the right thing to do, but I think it\u2019s more of a January scenario.\u201d<\/p>\n<\/p><\/div>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.marketwatch.com\/story\/treasury-yields-reverse-some-of-previous-weeks-sharp-retreat-0225c43c?mod=markets\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Treasury yields rose by the most in roughly two weeks or more on Monday as traders considered a slight chance of another Federal Reserve rate hike by January. What happened The yield on the 2-year Treasury BX:TMUBMUSD02Y rose 11.1 basis points to 4.939% from 4.828% on Friday. Yields move in the opposite direction to prices. [&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-81424","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>2-year Treasury yield jumps for fourth time in six sessions as traders reconsider Fed\u2019s rate path | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Treasury yields rose by the most in roughly two weeks or more on Monday as traders considered a slight chance of another Federal Reserve rate hike by\" \/>\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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