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10-year Treasury yield dips below 5% to lowest level in nearly a month
The 10-year Treasury yield fell more than 11 basis points as investors weighed weak jobless claims data and rising oil prices.
- On Thursday, Treasury yields fell more than 11 basis points to 5.032% as investors assessed economic data and monitored rising Middle East tensions.
- Initial jobless claims fell to 194,000 for the week ended Oct 17, beating the 200,000 estimate expected by Dow Jones economists polled for the data.
- The 2-year Treasury note yield dropped more than 9 basis points to 4.725%, while the 30-year Treasurys fell more than 8 basis points to 5.349%.
- Following a New York Times report citing unnamed U.S. officials, oil prices spiked as Israel and Iran tensions escalated amid talk of a "short but intensive" operation.
- West Texas Intermediate futures rose more than 2% to above $99 per barrel, while the global benchmark Brent crude increased more than 2% to above $111.
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Market Analysis 10.23:10-Yr Yields Slide to 5.00% Floor
Good Thursday morning from your Hometown Lender. We’ve got today’s market analysis, hot off the presses. Oil prices are up. Bond yields are down sharply. If this was early September, that wouldn’t make sense. Bonds decoupled from the oil correlation on Fed week and then REALLY decoupled as stronger econ data was priced in, starting […] The post Market Analysis 10.23:10-Yr Yields Slide to 5.00% Floor first appeared on Noble Home Loans.
Coverage Details
Total News Sources10
Leaning Left1Leaning Right2Center2Last UpdatedBias Distribution40% Center, 40% Right
Bias Distribution
- 40% of the sources are Center, 40% of the sources lean Right
40% Right
L 20%
C 40%
R 40%
Factuality
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