3 weeks ago
Bond Selloff Pushes 10-Year Treasury Yield Toward 5%
A bond selloff means many investors are selling bonds.
When bond prices fall, their yields usually rise.
The yield on the 10-year Treasury bond is now close to 5 percent.
Longer-term bond yields have risen since an earlier announcement.
However, they have not risen as much as yields on short-term notes.
The Treasury Department said it would buy as much as $6 billion in longer-term bonds on Thursday.
That amount is three times larger than its previous maximum.
Even with this planned purchase, longer-term yields continued to increase.
The ongoing bond selloff has pushed the 10-year Treasury yield close to 5%.
Longer-term Treasury yields have risen, but less than yields on short-term notes since the original announcement.
Yields on longer-term Treasurys continued moving higher despite a planned Treasury Department bond purchase.
The Treasury Department said it would buy up to $6 billion of longer-term bonds on Thursday.
Thursday’s planned purchase limit is three times the previous maximum.
- Who
- The Treasury Department and investors in Treasury bonds.
- What
- A continuing bond selloff has pushed the 10-year Treasury yield close to 5%, while longer-term yields keep rising.
- Where
- The U.S. Treasury bond market.
- When
- Since the original announcement; the Treasury Department’s expanded bond purchase was scheduled for Thursday.
- Why
- The article does not give a definitive cause for the selloff, but says longer-term yields rose even after the Treasury Department announced a larger bond purchase.
Key facts
- Affected security
- 10-year Treasury bond
- Yield level
- Close to 5%
- Market trend
- Unrelenting bond selloff
- Longer-term yields
- Rising, but less than short-term note yields
- Planned purchase
- Up to $6 billion of longer-term bonds
- Purchase timing
- Thursday
- Change from previous maximum
- Three times larger
Sources
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