[ad_1]
A deepening selloff in the U.S. bond market drove the yield on the 10-year U.S. Treasury note to 5% for the first time in 16 years, marking a milestone that has rattled stocks, lifted mortgage rates and fueled persistent fears of an economic slowdown.
A critical driver of U.S. borrowing costs, the 10-year yield rose as high as 5.021% in early morning trading on Monday, up from roughly 3.8% at the start of the year. It then reversed course and settled at 4.836% after the long-awaited breach of 5% stoked fresh buying interest.
Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
[ad_2]
Source link
24World Media does not take any responsibility of the information you see on this page. The content this page contains is from independent third-party content provider. If you have any concerns regarding the content, please free to write us here: contact@24worldmedia.com
Zosia VanMeter becomes Director of Inspection
Saugus playground gets revamped – Itemlive
Fatal Mattituck fire raises questions about rental safety
Photos: CAST’s 5th Annual Festival of Trees lights up Treiber Farms in Peconic
Daily Update: Fatal Mattituck fire raises questions about rental safety
Lynn football luncheon scores big
Police Logs 11/27/24 – Itemlive
Marblehead strike settled – Itemlive
Four Classical greats honored in City Hall
Swampscott hosts Thanksgiving Hero Meals
Controversial project redesign OK’d in Peabody
LYSOA celebrates its relaunch with a new logo and expanded program