Read Time:39 Second
An aggressive selloff of long-term Treasurys resumed on Monday, sending the 10- and 30-year yields on their way toward establishing new 16- and 12-year highs, respectively. The benchmark 10-year rate was briefly up 9.2 basis points and touched 4.53% in morning trading, which would leave it on pace for its highest closing level since Oct. 17, 2007. Meanwhile, its 30-year counterpart was briefly up by 11.7 basis points and touched 4.638% — heading for its highest level since March 8, 2011. The move comes days after the Federal Reserve reiterated a higher-for-longer message on interest rates.
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.
Happy
0 %
Sad
0 %
Excited
0 %
Sleepy
0 %
Angry
0 %
Surprise
0 %
0
0
