U.S. yields

Treasury yields reach levels not seen in more than 15 years

10 year yield

The benchmark 10-year Treasury yield rose Wednesday 27th September 2023, to its highest level in more than 15 years, as traders navigated fears of persistent inflation and higher interest rates for longer than expected.

The 10-year Treasury yield climbed to 4.612%. It had reached 4.566% on Tuesday 26th September 2023, its highest level since 2007.

2 year yield

The 2-year Treasury yield also added 6 basis points to 5.139%.

FED said

Federal Reserve suggested last week that interest rates would go higher still and remain elevated for longer, prompting concerns among investors about what it could mean for the economy.

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