10-Year Treasury Yield Hits 3% for First Time Since 2018
Summary
The worst bond rout in decades hit a new milestone Monday with the yield on the 10-year Treasury reaching 3% for the first time since late 2018.
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Reuters
U.S. Treasury 10-year yield hits 3% for first time in more than three years
NEW YORK - The U.S. benchmark 10-year Treasury yield on Monday hit 3% for the first time since December 2018, a psychological milestone that could have major implications for other financial markets. The 10-year yield is an important barometer for mortgage rates and other financial instruments. It has surged the last two months as the bond market prepared for the Federal Reserve to
Ten-year Treasury yield hits 3% for first time in years — what it means
The 10-year Treasury yield breached 3% on Monday for the first time since 2018, a development that will raise costs for the federal government and portends higher rates on mortgages, credit cards, and other financial products.
10-Year Treasury Yield Hits 3% for First Time Since 2018
Longer-dated Treasuries declined, driving the 30-year yield past 3% to a more than three-year high, as investors brace for the Federal Reserve’s biggest interest rate hike since 2000.
