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US 10-year Back Above 1.6% On Inflation Worries, Job Data  

EconomyMar 12, 2021 07:12AM ET
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© Reuters

By Dhirendra Tripathi

Investing.com – The yield on the United States 10-Year note hit a high of 1.61% Friday, as President Joe Biden's pressure on states to accelerate vaccination campaigns and his signing of the $1.9 stimulus package emboldened bets on strong U.S. growth this year.  

The yield on the 10-year note is now close to this year’s high of 1.63%, struck a week ago.

The signing of the stimulus package paves the way for checks of $1,400 to be mailed to most American households in the near future. 

The move will likely concentrate extra attention on February's U.S. producer price inflation data, due at 8:30 AM ET (1330 GMT). Analysts expect prices to have risen by 0.5% from January and the annual rate of factory gate inflation to have risen to 2.7% from 1.7%.

US 10-year Back Above 1.6% On Inflation Worries, Job Data  
 

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Comments (4)
Mart Bab
Rubberduck1973 Mar 12, 2021 1:15PM ET
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Yields rise on liquidity issues. Bond buyers want more profit. Stop playing the inflation argument. It’s not true. Inflation can be measured. No need for fears there. Very soon the fed will be forced to deal with rising yields. Until then I guess they want some air out of this bubble market first. So yields will reach 2.5 before the 17 th and then fed announcement will push yields down. That’s the overall game if you ask me
taylor jason
taylor jason Mar 12, 2021 1:15PM ET
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TED spread is low -- not seeing liquidity issues. more so rising on the 1.9 trillion stimulus since the fed/treasury will be flooding the market with a massive influx of 10 year notes
Josh Davis
Josh Davis Mar 12, 2021 9:16AM ET
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Funny just monday or so inflation no worry now the yields rise and boom inflation worries. Do you guys do actual journalism?
Apfel Wein
Apfel Wein Mar 12, 2021 7:48AM ET
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FED going to start monkey hammering rates like they do paper gold, else US can't afford interest on the debt soon.
Renzo Francesqui
Renzo Francesqui Mar 12, 2021 7:48AM ET
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true
Bay Creek History Detectives
Bay Creek History Detectives Mar 12, 2021 7:48AM ET
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Yup
Notvery Goodathis
Peteymcletey Mar 12, 2021 7:36AM ET
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Investing.com lol. Same data is now different huh
 
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