{"id":205623,"date":"2021-03-18T22:00:00","date_gmt":"2021-03-18T19:00:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/u-s-30-year-treasury-yield-knocks-on-2-50-mark-climbing-to-july-2019-high\/"},"modified":"2021-03-18T22:00:00","modified_gmt":"2021-03-18T19:00:00","slug":"u-s-30-year-treasury-yield-knocks-on-2-50-mark-climbing-to-july-2019-high","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/u-s-30-year-treasury-yield-knocks-on-2-50-mark-climbing-to-july-2019-high\/","title":{"rendered":"#\n  U.S. 30-year Treasury yield  knocks on 2.50% mark, climbing to July 2019 high"},"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-6a3e29eedcdca\" 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-6a3e29eedcdca\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><ul class='ez-toc-list-level-6' ><li class='ez-toc-heading-level-6'><ul class='ez-toc-list-level-6' ><li class='ez-toc-heading-level-6'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/u-s-30-year-treasury-yield-knocks-on-2-50-mark-climbing-to-july-2019-high\/#What_are_Treasurys_doing\" >What are Treasurys doing?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-6'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/u-s-30-year-treasury-yield-knocks-on-2-50-mark-climbing-to-july-2019-high\/#Whats_driving_Treasurys\" >What\u2019s driving Treasurys?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-6'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/u-s-30-year-treasury-yield-knocks-on-2-50-mark-climbing-to-july-2019-high\/#What_did_market_participants_say\" >What did market participants say?<\/a><\/li><\/ul><\/li><\/ul><\/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\/u-s-30-year-treasury-yield-knocks-on-2-50-mark-climbing-to-july-2019-high\/#Sunny_Oh\" >Sunny Oh<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong>#<br \/>\n  U.S. 30-year Treasury yield  knocks on 2.50% mark, climbing to July 2019 high<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-0000203551\">\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 surged  again Thursday as investors dumped government bonds even after the Federal Reserve doubled down on its dovish monetary policy messaging at its meeting on Wednesday. <\/p>\n<h6><span class=\"ez-toc-section\" id=\"What_are_Treasurys_doing\"><\/span>What are Treasurys doing?<span class=\"ez-toc-section-end\"><\/span><\/h6>\n<p> The 10-year Treasury note yield<br \/>\n        TMUBMUSD10Y,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.000%\" channel=\"\" class=\"\">1.719%<\/bg-quote><br \/>\n       climbed 8.9 basis points to a 14-month high of 1.730%, temporarily shooting above 1.75%. The 2-year note rate<br \/>\n        TMUBMUSD02Y,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.000%\" channel=\"\" class=\"\">0.165%<\/bg-quote><br \/>\n       was up 3 basis points to 0.159%, while the 30-year bond yield<br \/>\n        TMUBMUSD30Y,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.000%\" channel=\"\" class=\"\">2.471%<\/bg-quote><br \/>\n       gained 3.8 basis points to 2.476%, its highest since July 2019.<\/p>\n<div class=\"paywall\">\n<h6><span class=\"ez-toc-section\" id=\"Whats_driving_Treasurys\"><\/span>What\u2019s driving Treasurys?<span class=\"ez-toc-section-end\"><\/span><\/h6>\n<p> The Fed said on Wednesday it expects to see economic growth of  6.5% in 2021 and inflation rise to 2.2% this year as measured by personal consumption expenditures. The central bank\u2019s stated goal is to keep inflation at 2% over the long run.<\/p>\n<p>But Fed Chairman Jerome Powell said the central bank was still far away from discussing the conditions for tapering its asset purchases, a key step before the Fed then decides to hike its policy interest rates. <\/p>\n<p><strong>See<\/strong>: Fed recommits to keeping interest rates low despite some inflation overshoot<\/p>\n<p>After a Fed meeting that had pushed back on the market\u2019s hawkish expectations for a rise in policy interest rates sooner than expected to combat rising inflation, investors were puzzled to find yields renewing their rise.<\/p>\n<p>Analysts said this could reflect the Fed\u2019s challenge of maintaining the credibility of its dovish stance in the face of enormous uncertainty around inflation, fiscal policy and a unique economic recovery.<\/p>\n<p><strong>Read<\/strong>: The Fed is dovish but bond yields are soaring. What gives?<\/p>\n<p>The rise in long-term Treasury yields, reflecting economic recovery and potential inflation,  was one of the factors cited for the renewed pain in U.S. equities, with the <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a>-laden Nasdaq index trading down over nearly 3% as a recovering economy is seen boosting cyclical stocks at the expense of internet based businesses that did well from the work-from-home trend during the coronavirus pandemic. <\/p>\n<p>In U.S. economic data on Thursday, weekly initial jobless claims ran at 770,000. The Philadelphia Fed manufacturing survey surged to a reading of 51.8 this month, from 23.1 in February.<\/p>\n<div id=\"cx-membership-tile\"><\/div>\n<h6><span class=\"ez-toc-section\" id=\"What_did_market_participants_say\"><\/span>What did market participants say?<span class=\"ez-toc-section-end\"><\/span><\/h6>\n<p>\u201cThe most convincing argument for an even higher rate plateau than that which was in place prior to the pandemic is based on the magnitude of the policy response in both fiscal and monetary terms,\u201d said Ian Lyngen, head of U.S. rates strategy at BMO Capital Markets. <\/p>\n<p>\u201cThe reflation trade is predicated on the risk that official efforts to reengage the displaced labor force and provide a bridge into a post-pandemic world will result in an inflationary environment well beyond the Fed\u2019s target of 2.0%,\u201d said Lyngen.<\/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-D31B1F928F23%7D&#038;siteid=rss&#038;rss=1\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# U.S. 30-year Treasury yield knocks on 2.50% mark, climbing to July 2019 high &#8221; U.S. Treasury yields surged again Thursday as investors dumped government bonds even after the Federal Reserve doubled down on its dovish monetary policy messaging at its meeting on Wednesday. What are Treasurys doing? The 10-year Treasury note yield TMUBMUSD10Y, 1.719%&#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-205623","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\/205623","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=205623"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/205623\/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=205623"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=205623"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=205623"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}