US 30-year Treasury yield hits 5.5 percent for first time since 2004
Headline by Prism · from 1 report
The yield on US 30-year government bonds reached 5.53 percent, the highest level since 2004, amid concerns about persistent inflation and energy price volatility.
MintThe brief
Written by software from the 1 report below.
- The yield on 30-year US government debt rose to 5.53 percent following stronger-than-expected consumer sentiment data.
- Long-term Treasury yields increased while short-term yields declined as investors adjusted their interest-rate expectations.
- Rising energy prices continue to influence Federal Reserve policy and inflationary pressures.
- Treasury market movements suggest traders are recalibrating their positions in anticipation of further economic shifts.
What to watch next
- Market response to further Federal Reserve rate hike announcements
- Impact of energy price volatility on long-term Treasury yields
- Future consumer sentiment data and its influence on bond market expectations
The points restate the reports; where one says why it matters, that is Prism's reading, not a reported fact.
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Andrew Hollenhorst
economist
1 quote · 1 outlet
“With rate hikes now being delivered in direct response to higher energy prices, there is no clear near-term upper bound on hikes that can be priced in by the market”
In the article
…with a drop in oil prices, which have been a dominant driver of daily changes in Treasury yields during the war-related supply shock. US benchmark West Texas Intermediate crude futures settled down 2.3% at $92.41. “ With rate hikes now being delivered in direct response to higher energy prices, there is no clear near-term upper bound on hikes that can be priced in by the market ,” Citigroup economist Andrew Hollenhorst said in a report. Interest-rate strategists at Morgan Stanley increased their Treasury yield forecasts based on the firm’s recently revised forecast for additional Fed…
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NamedUnited States · Andrew Hollenhorst · Citigroup · Federal Reserve · Izaac Brook · Monty Gandhi · Morgan Stanley · RBC Capital Markets · SMBC Group · University of Michigan
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