Yields on 30-year US Treasury bonds climbed to their highest level since 2011 on the 17th. The movement expanded against the backdrop of a solid economy and an increase in the supply of government bonds.
Yields on 30-year bonds rose by seven basis points to 4.4219%, above the 2022 high of 4.4214%.
Yields on 30-year U.S. Treasuries, which were below 4% on July 31, have risen as strong economic data faded speculation that the Federal Reserve would begin cutting rates next year. The prospect of more Treasury issuance in the next few quarters is also driving down existing bond prices.
Original title:Treasury 30-Year Yield Rises to Highest Level Since 2011(excerpt)
2023-08-17 11:07:36
#30Year #Treasury #Yields #Hit #Highest
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