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US 10-year Treasury yield rises slightly, hovers above 1.83%
The sudden spike in the 10-year U.S. Treasury yield eased on Thursday morning, with it rising slightly to hover above 1.83%. The yield on the benchmark 10-year Treasury note added 1 basis point, climbing to 1.8379% at 4 a.m. ET. The yield on the 30-year Treasury bond moved 1 basis point higher to 2.1522%. Yields move inversely to prices and 1 basis point is equal to 0.01%.The 10-year rate hit 1.9% in early trading on Wednesday, amid mounting anticipation that the Federal Reserve would soon raise interest rates. Concerns around the timing of central banks tightening monetary policy, and rising inflation, has seen ... (full story)