The 10-year U.S. Treasury yield hit 1.67% late on Tuesday night, its highest point since mid-May, as strong corporate earnings boosted economic sentiment.
The 10-year rate has rebounded, having hit a low of around 1.51% during the last week.on Tuesday, amid the upbeat earnings reports, though stock futures were flat overnight.
Strong earnings will have strengthened hopes of a continued economic recovery in the U.S., alleviating some concerns that this could be thrown off course by Covid-19 cases and inflation. Federal Reserve officials have indicated that the central bank is nearing its economic goals and would soon start to normalize monetary policy by tapering its asset purchases.Fed Governor Randal Quarles is set to discuss the economic outlook at the Milken Institute Global Conference on at 1 p.m. ET on Wednesday.
Auctions are scheduled to be held on Wednesday for $60 billion of 27-day bills, $40 billion of 119-day bills and $24 billion of 20-year bonds.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ivan Cornejo Secures First Top 10 on Top Latin Albums Chart With 'Alma Vacía'In its second chart week, Ivan Cornejo’s Alma Vacía jumps 11-7 on the Top Latin Albums chart (Oct. 23-dated survey), earning the 17-year-old his first top 10 on the all-Latin genre tally.
Read more »
UBS picks 10 global stocks set to rally on a $1 trillion pandemic spending boomNew for subscribers: UBS picks 10 global stocks set to rally on a $1 trillion pandemic spending boom. Check out CNBCPro today.
Read more »
Megan Fox's new Boohoo collection: 10 fashion editor-approved pieces to buySteal Megan Fox’s style by shopping the new Megan Fox Boohoo collection, which has just dropped. See our favourite items here…
Read more »
10 Top-Rated Bath Bombs to Soak Away StressTransform a simple bath into an experience that will nourish your mind and body.
Read more »
Kelvin Fletcher 'struggling to find work' after being turned down for 10 rolesEmmerdale star Kelvin Fletcher has urged his fans who want to get into acting to remain hopeful as he shared the realities of being turned down for jobs
Read more »
The 10 most in-demand green jobs right now—some pay over $100,000 a yearAccording to the Bureau of Labor Statistics, jobs in environmental science and specialties are projected to grow 8% over the next decade.
Read more »