{"id":187985,"date":"2021-02-24T21:53:00","date_gmt":"2021-02-24T18:53:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/10-year-treasury-yield-pulls-back-after-hitting-1-40-for-first-time-in-a-year\/"},"modified":"2021-02-24T21:53:00","modified_gmt":"2021-02-24T18:53:00","slug":"10-year-treasury-yield-pulls-back-after-hitting-1-40-for-first-time-in-a-year","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/10-year-treasury-yield-pulls-back-after-hitting-1-40-for-first-time-in-a-year\/","title":{"rendered":"#\n  10-year Treasury yield pulls back after hitting 1.40% for first time in a year"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a41273c9410a\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a41273c9410a\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/10-year-treasury-yield-pulls-back-after-hitting-1-40-for-first-time-in-a-year\/#What_are_Treasurys_doing\" >What are Treasurys doing?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/10-year-treasury-yield-pulls-back-after-hitting-1-40-for-first-time-in-a-year\/#Whats_driving_Treasurys\" >What\u2019s driving Treasurys?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/10-year-treasury-yield-pulls-back-after-hitting-1-40-for-first-time-in-a-year\/#What_did_market_participants_say\" >What did market participants say?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/buradabiliyorum.com\/en\/10-year-treasury-yield-pulls-back-after-hitting-1-40-for-first-time-in-a-year\/#Sunny_Oh\" >Sunny Oh<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong>#<br \/>\n  10-year Treasury yield pulls back after hitting 1.40% for first time in a year<br \/>\n<\/strong>&#8221;<\/p>\n<h2 class=\"article__subhead\" itemprop=\"alternativeHeadline\">\n<\/h2>\n<p><\/p>\n<div class=\"column column--full article__content\">\n<div id=\"js-article__body\" class=\"article__body article-wrap at16-col16 barrons-article-wrap\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0000176622\">\n<div class=\"barrons-article-ad-wrapper\">\n<div data-track=\"barrons-article-ad-wrap\" class=\"barrons-article-ad sticky_item\">\n<div class=\"barrons-main-article-ad-target sticky_target body_ad\" aria-hidden=\"true\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>       U.S. Treasury yields rose Wednesday, but were off their highs, as traders contended with a selloff in longer-dated government bonds and worries around inflationary pressures.<\/p>\n<h4><span class=\"ez-toc-section\" id=\"What_are_Treasurys_doing\"><\/span>What are Treasurys doing?<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p> The 10-year Treasury note yield<br \/>\n        TMUBMUSD10Y,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.000%\" channel=\"\" class=\"\">1.394%<\/bg-quote><br \/>\n       rose 2.5 basis points to 1.374%, after rising as high as 1.42%, while the 2-year note rate<br \/>\n        TMUBMUSD02Y,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.000%\" channel=\"\" class=\"\">0.128%<\/bg-quote><br \/>\n      edged 0.3 basis point up to 0.125%. The 30-year bond yield<br \/>\n        TMUBMUSD30Y,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.000%\" channel=\"\" class=\"\">2.239%<\/bg-quote><br \/>\n       surged 2.6 basis points to 2.225%, after pushing above 2.25%. Bond prices move inversely to yields.<\/p>\n<div class=\"paywall\">\n<h4><span class=\"ez-toc-section\" id=\"Whats_driving_Treasurys\"><\/span>What\u2019s driving Treasurys?<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p> Fed Chairman Jerome Powell reiterated to Congress on Wednesday that he would clearly communicate when the central bank would consider tapering its asset purchases. He also suggested a potentially longer timetable for a reduction of the central bank\u2019s bond-buying and potentially the first interest rate increase away from its current range of 0% to 0.25%.<\/p>\n<p>Powell\u2019s remarks initially helped to contain the rise in bond yields on Wednesday, but traders continued to push longer-term rates higher, a move analysts attribute to a recognition that the Fed has less control of bonds with extended maturities.<\/p>\n<p>Powell returns to Capitol Hill for 2nd day of testimony: <strong>live blog<\/strong><\/p>\n<p>Long-term Treasury rates have risen in risen weeks, partly in anticipation of broader inflationary pressures that are expected materialize later this year, likely driven by a combination of the continued reopening of the U.S. economy, pent-up spending by consumers and expectations of further fiscal relief from Washington.<\/p>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.cnn.com\/2021\/02\/24\/health\/johnson-vaccine-fda-analysis\/index.html\" class=\"icon none\">Fanning the bond yield selloff,<\/a> the U.S. Food and Drug Administration said Johnson &amp; Johnson\u2019s<br \/>\n        JNJ,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/201724570\/composite\" class=\"positive\">+2.39%<\/bg-quote><br \/>\n       COVID-19 vaccine met the requirements for emergency use authorization, adding to the array of weapons against the coronavirus.<\/p>\n<p>Senior Fed officials continued to sound dovish on Wednesday, with Powell delivering another round of testimony, this time before a House committee. Fed Gov. Lael Brainard said the U.S. economy was still far from full employment, while Fed Vice Chairman Richard Clarida said he was not worried about inflation. <\/p>\n<p>In U.S. economic data, new home sales for January rose to an annualized pace of 923,000, up from 885,000 in December.<\/p>\n<h4><span class=\"ez-toc-section\" id=\"What_did_market_participants_say\"><\/span>What did market participants say?<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>\u201cWhy are rates moving higher? Powell says it\u2019s an endorsement of the economy. Until rising rates affect broader financial conditions, and so long as the move is orderly from here, the Fed is probably okay with it,\u201d said Gregory Faranello, head of U.S. rates at AmeriVet Securities, in an interview.<\/p><\/div>\n<\/div><\/div>\n<p><\/p>\n<div class=\"byline article__byline\">\n<p>      <span>By<\/span><\/p>\n<div class=\"author  hasMenu\" data-scrim='{\"type\":\"author\",\"header\":\"Sunny Oh\",\"subhead\":\"The Wall Street Journal\",\"list\":[]}' itemscope itemprop=\"author\" itemtype=\"http:\/\/schema.org\/Person\">\n<h4 itemprop=\"name\"><span class=\"ez-toc-section\" id=\"Sunny_Oh\"><\/span>Sunny Oh<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/p><\/div>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"http:\/\/www.marketwatch.com\/news\/story.asp?guid=%7B21005575-02D4-D4B5-4572-D2B1EE6637BA%7D&#038;siteid=rss&#038;rss=1\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# 10-year Treasury yield pulls back after hitting 1.40% for first time in a year &#8221; U.S. Treasury yields rose Wednesday, but were off their highs, as traders contended with a selloff in longer-dated government bonds and worries around inflationary pressures. What are Treasurys doing? The 10-year Treasury note yield TMUBMUSD10Y, 1.394% rose 2.5 basis&#8230;<\/p>\n","protected":false},"author":1,"featured_media":85984,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[],"class_list":["post-187985","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/187985","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=187985"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/187985\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/85984"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=187985"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=187985"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=187985"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}