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Investors have pared back gains after Thursday's mixed jobless claims data, which sent the 10-year Treasury yield above 4.6% and reached a seven-month high. The rate fell back modestly on Friday.
Bond yields soared after the Fed's summary of economic projections and Powell's remarks indicated just two rate cuts in 2025. The 10-year Treasury yield spiked 10 basis points to 4.49%.
The yield on the 10-year U.S. Treasury moved to nearly 4.69%. In more company-specific news, analysts at Bank of America downgraded Tesla from a buy rating to hold, despite lifting their price ...
Bond yields continued to creep up and major stock average fell in early-morning trading. The 10-year Treasury yield is hovering near its highest level since last spring, climbing above 4.7% this week.
Major indexes slipped in early-morning trading, while Treasury yields moved up. The 10-year Treasury bond yield rose three basis points to 4.242%, its highest level in about three months.
The 10-year US Treasury yield jumped back above 4% on Monday, representing its highest level in about two months. Friday's release of the September jobs report sparked the move higher in yields.
The 10-year US Treasury yield jumped above 4% on Monday for the first time since late July, and investors are now questioning just how many times the Federal Reserve might cut interest rates this ...
The 10-year note yield, considered the benchmark for government bond yields, has leaped about 17 basis points since the Federal Open Market Committee meeting of Sept. 17-18 — reversing what had ...