The Miami Entrepreneur

1-year Treasury yield touches almost 4.9% and heads for its highest level in 15 years

The 1-year Treasury yield , which captures the bond market’s expectations for the direction of interest rates within that time frame, rose to as high as 4.87% on Wednesday and appeared to be headed for its highest level since 2007. Traders are increasingly factoring in the likelihood that Federal Reserve officials will push the fed-funds rate target up toward 5% by next year, versus its current level between 3.75% and 4%. If the 1-year rate finishes the New York session at or around 4.87%, that would be the highest level since Aug. 8, 2007, when it reached 4.89%, according to FactSet. In January 2007, the 1-year closed as high as 5.12%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Previous post More Americans tapping buy now, pay later for holiday gifts shows ‘how stressed the economy is,’ Harvard researcher says
Next post Build-A-Bear stock on track for biggest one-day percentage gain since 2015 after earnings blow past estimates