Previous close | 4.2980 |
Open | 4.2140 |
Volume |
Day's range | 4.2980 - 4.2980 |
52-week range | 3.2050 - 4.9880 |
Avg. volume | 0 |
The US 10-year Treasury yield has fallen below 4.3% for the first time since September as bond yields are on the path for the largest single-day drop since 2011. Yahoo Finance Live eyes the bond market following the latest GDP print. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
US Treasury yields pull back Wednesday morning, potentially clearing the path for the biggest single-day drop in bond yields since 2011. Yahoo Finance Markets Reporter Jared Blikre analyzes the bond market's trajectory and compares it to the volatility of the stock market. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Yahoo Finance Live sits down with Annex Wealth Management Chief Economist and Strategist Brian Jacobsen to discuss the probability of another interest rate hike by the Federal Reserve. Jacobsen says the Fed's decision to "proceed carefully" with rate hikes going forward is wise, following what he described as officials previously "proceeding recklessly." However, he notes that bond yields reaching around 4.5% does risk additional hikes. Jacobsen explains that typically the level of yields itself is not problematic, but rather the speed at which rates change. He states that more stability in interest rates "aids business owners and consumers in long-term planning" by giving them time to adapt to the shifting economic landscape. However, the uncertainty surrounding fluctuating yields will likely result in investors and consumers proceeding very cautiously when it comes to "spending plans and investments", overall affecting broader economic conditions. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.