Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

2-Year Treasury Yield Hits 10-Year High

Published 10/18/2018, 09:56 AM
Updated 10/18/2018, 10:04 AM
© Reuters.  Yield on 2-year Treasury hits highest level since June 2008.

Investing.com - The yield on the 2-year Treasury note hit a 10-year high on Thursday in the aftermath of the Federal Reserve meeting minutes that confirmed the central bank planned to forge ahead with rate increases.

At 9:54 AM ET (13:54 GMT), the yield was at 2.907%, its highest level since June 23, 2008 when it touched 2.951%.

While the minutes showed that policymakers had some doubts about the future path of the economy, they were united in their September decision to increase by a quarter-point and anticipated continuing with plans to gradually increase interest rates with one more this year and perhaps an additional three in 2019.

Meanwhile, the yield on the 10-year Treasury rose to 3.205% by 10:03 AM ET (14:03 GMT), while the 30-year yield advanced to 3.37%. Bond yields move inversely to prices.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.