Yields for U.S. government debt were climbing Tuesday, pushing the benchmark Treasury 10-year note to the highest since late October, in the lead-up to the...
Yields for U.S. government debt were climbing Tuesday, pushing the benchmark Treasury 10-year note to the highest since late October, in the lead-up to the Thanksgiving on Thursday.
What are yields doing? What’s driving the market Treasury yields are rising higher on bets that Powell has a new mandate to accelerate the pace of the Fed’s reduction of monthly asset purchases, with an eye toward curbing a surge in inflation and eventually lifting interest rates. But yields have risen across the board, with Monday marking the sharpest yield climb for the 2s, 10s and 30-year government debt since Nov. 10, according to Dow Jones Market Data.
Looking ahead, investors are watching for a reading of the IHS Market U.S. flash composite purchasing managers indexes for both the manufacturing and services sectors at 9:45 a.m. ET.
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