The yield on 2 -
year notes rose 3 basis points to 2.48 %.
Tuesday's bond activity was relatively quiet, with the yield on the benchmark 10 -
year note rising to 2.635 percent after a volatile Monday showed the complicated and sometimes contradictory forces at work.
The yield on the US 10 -
year note rose six basis points to 2.30 % on the week while the price of West Texas Intermediate crude oil rose over $ 3 a barrel to $ 49.65.
The bellwether U.S. ten -
year note rose a net four basis points while trading in a tight range.
Not exact matches
It is worth
noting, though, that continent - wide surveys conducted since Brexit show that support for the EU generally remains reasonably high across the 27 remaining member states despite the
rise of populist movements, bar the obvious exception of Greece, which has been in an economic stand - off with the EU for a number of
years.
In a
year marked by a significant milestone for
rising interest rates (the 10 -
year Treasury
note yield topping 3 percent), an unusual winner has begun to emerge in the stock market: utility stocks.
«Taking the two
years to the end of 2016, almost a third of the
rise in the number of people in work reflected growth in self - employment (double the share of that category in total employment), with another fifth corresponding to more people in part - time work,» he wrote in a recent
note to clients.
U.S. Treasury yields
rose sharply following Powell's optimistic comments, with the benchmark 10 -
year Treasury
note adding 5 basis points to hit 2.915 percent.
Over the past decade, the number of two -
year - old - in - training sales has
risen, Wagner
notes, a symptom of racehorse investors» looking for a quick route to the winner's circle.
U.S. Treasury yields
rose sharply during the testimony, with the benchmark 10 -
year Treasury
note adding 5 basis points to hit 2.915 percent.
Spirit Airlines — Spirit received a double upgrade to «overweight» from «underweight» at JPMorgan Chase, which
noted the battering in Spirit's stock price this
year and a more favorable overall cost structure amid
rising fuel prices.
Scotiabank's spend on technology, including cybersecurity initiatives,
rose 13 per cent last
year and now sits at more than $ 3 billion, Porter
noted.
Prior to some of the past recessions, the two -
year Treasury yield
rose above the 10 -
year yield, although at the moment, the former is still below the 10 -
year note, but has recently moved closer to it.
The benchmark 10 -
year U.S.
note yield
rose to a four -
year high last week, while the short - term two -
year yield reached its highest level since 2008 on Tuesday.
«Net short positions on 10 -
year Treasury
notes are at historical highs, implying that
rising US bond yields remains among hedge funds» major convictions.»
«The fastest average pay growth was in Boston in August, where median base pay for full - time workers
rose by 2.4 percent from a
year ago to $ 58,731 per
year,» the report
notes.
The report
noted that one area that has worsened in the last 30
years has been the
rising cost of housing, which has been attributed to bigger mortgages and more debt.
CNN
noted that its growth doesn't look as impressive as its competitors in part because the network had a number of special presidential debates and town - hall events in the first quarter of last
year that boosted its reach, so the
rise since then is smaller by comparison.
The Fed
noted that rental vacancy rates in northern New Jersey and upstate New York remained near multiyear lows, while rents
rose by about 4 %
year - on -
year.
Benchmark 10 -
year notes last 1 / 2US10YT = RR; NETCHNGt1 * 32:0; 1 / 8F1 > 0 3/8
rose F1 1 / 8F1 < 0 3/8 fell - F1 3/4/32 in price to yield 1 / 2US10YT = RR; RTtYIELDt1 3/4 percent, from 1 / 2US10YT = RR; HSTtCLSYLD 3/4 percent late on Wednesday.
The yield on 10 -
year U.S.
notes continued to
rise on Monday, inching closer to the psychologically important 3 % as strengthening inflation prospects added to expectations of a more hawkish approach from the Federal Reserve.
Farther out on the curve, futures on the 10 -
year U.S. Treasury
note, the most actively traded contract in the Treasury complex,
rose 7 % to 375.3 million, and options on the 10 -
year Treasury
note futures jumped 30.5 % to 128.5 million.
Off course, there has been the
rise in TIPS» break - even inflation rates (BEIR being the difference between the yield on a 10 -
year note and its inflation - protected variety) and evidence of TIPs buying from the likes of retail investors, as evidenced by EPFR's flow insights.
The tail - end of this period saw rapidly
rising inflation and interest rates, but it's worth
noting that the risk premium hasn't always been quite so narrow (stocks were up 10.5 % per
year in that time).
Looking forward, even if you assume bond yields settle down, probably somewhere in last fall's range of 2.2 % to 2.6 % for the 10 -
year Treasury
note, this moderate
year - to - date
rise is still likely to inflict significant damage on parts of the market.
They
noted that banks reported record profits last
year, despite tough Dodd - Frank Act rules, and Wall Street bonuses
rose for the first time in three
years.
The Post's Catherine Rampell
noted on Monday that from inauguration to April of the following
year, «stock prices
rose about three times as much under Obama» as Trump.
The yield of 10 -
year Treasury
notes, which tend to
rise on signs of inflation, also jumped to its highest level since early 2014.
Revenue
rose $ 57.4 million from a
year ago to $ 68.3 million, and EPS
rose from 31 cents to 40 cents over the same time period, Kessler said in a Thursday
note.
The yield on the 10 -
year Treasury
note rose to 2.13 percent from 2.05 percent.
«My feeling is that really since the latter part of last
year, a number of challenges have raised up for the stock market,» Paulsen said,
noting that stock valuations are higher, interest rates are
rising, the labor market is tightening, and it appears inflation could finally be on the horizon.
Note how few times it's
risen above that level in the past 17
years.
Interest rates are also projected to
rise, with the rate on 10 -
year Treasury
notes increasing from today's 2.9 percent to stabilize around 3.7 percent over the medium - term, significantly below the historical average.
By then it was starting to emerge that demand in Australia was in the process of moderating — though it is worth
noting that domestic final spending still
rose by 1 per cent in the June quarter of 2008 and 5 per cent over the
year to June, both very robust outcomes.
The yield on the 10 -
year Treasury
note rose to 2.90 % from 2.85 %.
According to Morgan Stanley's Chris Metli, a strengthening dollar — the greenback put in its best monthly
rise since President Donald Trump's election in April — and a
rising 10 -
year Treasury
note yield TMUBMUSD10Y, -0.63 % — the 10 -
year yield touched its highest level in more than four
years above 3 % late last month — are also factors weighing on stocks.
As it
rose, the spread between the U.S. Ten -
year Notes and those from Europe or Japan widened.
The 10 -
year note hit its historic closing low of 1.37 % in July of 2016 and then
rose 154 BPs to its interim high of 2.91 % in mid-February of this
year.
Affordability has been on a downtrend for a number of
years,
noted Yun, as «home prices have
risen a cumulative 48 percent since 2011, yet during this same timeframe, incomes are up only 15 percent.»
The benchmark 10 -
year Treasury
note yield TMUBMUSD10Y, -0.63 %
rose 2.5 basis points to 2.949 %, the highest since January 2014.
Very quickly those gains reversed and as the trading day began to unfold, we saw the 10 -
year Treasury
note yield
rise above 2 %, approximately 20 basis points wider than where it was trading just a few days ago.1
As yields on the 10 -
year Treasury
note rises, so do the interest rates on 10 - 15
year loans, such as the 15 -
year fixed - rate mortgages.
«A
rise in rates to 4.5 percent by
year - end would cause a 20 percent to 25 percent decline in equity prices,» the
note said.
The dollar tumbled to a three -
year, trade - weighted low in January, even as the 10 -
year US Treasury
note yield
rose above 2.6 % for the first time since 2014.
The European Commission struck a similar
note in forecasting eurozone growth of 1.6 % this
year,
rising slightly to 1.8 % in 2016.
Rates on fixed mortgages — such as the 30 -
year for purchases and the 15 -
year for refinances — don't follow in lockstep with the fed funds rate — it's actually tied more closely to the yield on the 10 -
year Treasury
note, which is also on the
rise.
When the yields on the 10 -
Year US Treasury
Note rise, it indicates that the demand for the American securities falls, Grachev explains.
Yields on US 10 -
year Treasury
notes continued their
rise, ending the week at 2.42 %, up from 2.38 % a week ago.
The yield on the US 10 -
year Treasury
note rose 10 basis points on the week to 2.39 %, while the price of West Texas Intermediate crude oil declined modestly to $ 44.50 a barrel from $ 45.40 a week ago.
If the yield, on the benchmark 10 -
year U.S. Treasury
note rises to 3.25 % or 3.50 %, «that could cause a real problem,» he says.