The yield on the US 10-year Treasury note yield moved higher to 4.51%, after touching an intraday-low of 4.41% on Tuesday, as traders digest comments from several Fed speakers and adjust their interest rate cut bets. The likelihood of a rate cut in September has decreased to 65% from 70% earlier in the week. On Wednesday, Boston Fed President Collins suggested that the policy rate will likely need to stay at the current level until there is greater confidence that inflation is moving sustainably toward 2%. Early, Richmond Fed President Barkin said that ending the battle against inflation will likely require a hit to demand and Fed Bank of New York President Williams said eventually there will be rate cuts but for now monetary policy is in a "very good place". Fed Bank of Minneapolis President Kashkari also said it’s likely the central bank will keep rates where they are “for an extended period of time”. Meanwhile, the Treasury sale of 10-year notes was met with tepid demand.
US 10 Year Note Bond Yield was 4.49 percent on Thursday May 9, according to over-the-counter interbank yield quotes for this government bond maturity. Historically, the US 10 Year Treasury Bond Note Yield reached an all time high of 15.82 in September of 1981. US 10 Year Treasury Bond Note Yield - data, forecasts, historical chart - was last updated on May 9 of 2024.
US 10 Year Note Bond Yield was 4.49 percent on Thursday May 9, according to over-the-counter interbank yield quotes for this government bond maturity. The US 10 Year Treasury Bond Note Yield is expected to trade at 4.63 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 4.43 in 12 months time.