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U.S. 10-year yield rises to 1.40%, highest since February 2020 - BBG
*U.S. 10-YEAR YIELD RISES TO 1.40%, HIGHEST SINCE FEBRUARY 2020 - BBG
— Christophe Barraud (@C_Barraud) February 24, 2021
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Ugly price action in US Treasuries this morning. 30y yields spike to 2.275%/10s jump above 1.40%. Stocks starting to take notice. Perhaps Brainard & Clarida may talk yields down?
— theopeninterest (@Theopeninterest) February 24, 2021
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US: 10-year Treasury bond yield rises above 1.4% for the first time since Feb. 2020
The 10-year US Treasury bond yield gained more than 1% on Monday and touched its highest level in nearly 1 year at 1.394%. After staging a correction and losing 1.7% on Tuesday, the 10-year T-bond yield regained its traction and advanced above 1.4% for the first time since February 24, 2020. As of writing, the yield on the 10-year reference was up 5.2% on the day at 1.412%. Supported by this market development, the US Dollar Index started to edge higher in the early American session and was last seen rising 0.2% on the day at 90.35.
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