Connect with us
U.S. benchmark Treasuries yields rose above 3 percent to their highest level in more than two years today as traders cut their bond holdings in preparation for the Federal Reserve to trim bond purchases in 2014.

archive

U.S. 10-year Yield Hits More than Two-Year High

U.S. benchmark Treasuries yields rose above 3 percent to their highest level in more than two years today as traders cut their bond holdings in preparation for the Federal Reserve to trim bond purchases in 2014.

U.S. 10-year Yield Hits More than Two-Year High (Reuters)

U.S. benchmark Treasuries yields rose above 3 percent to their highest level in more than two years today as traders cut their bond holdings in preparation for the Federal Reserve to trim bond purchases in 2014. The latest sell-off helped to assure the Treasuries market will finish one of its worst years ever as the 10-year yield has risen 1.25 percentage points in 2013. Last week, the U.S. central bank said it will reduce its monthly purchases of Treasuries and mortgage-backed securities by $10 billion to $75 billion in January due to signs of an improving U.S. economy. The Fed also signaled its commitment to hold short-term interest rates near zero, since unemployment has remained higher what policy-makers are targeting and inflation has stayed below the desired 2 percent mark. Investors in U.S. Treasuries should take notice, since the trend seems likely to continue.

Newsletter Signup.

Sign up to the Human Events newsletter

Written By

Paul Dykewicz is the editorial director of the Financial Publications Group at Eagle Publishing Inc., www.eaglepub.com, of Washington, D.C. Eagle publishes five free, e-letters, 10 weekly trading services and five monthly investment newsletters, Forecasts & Strategies, Successful Investing, Cash Machine, Growth & Dividend Report and The Alpha Investor Letter. He also is the editor of Eagle Daily Investor and the author of the inspirational book, "Holy Smokes! Golden Guidance from Notre Dame's Championship Chaplain."

Advertisement
Advertisement

TRENDING NOW:

‘Men in Burkas’ Acid Attack Londoners

FOREIGN AFFAIRS

Tucker Carlson targeted by Antifa All Out DC Tucker Carlson targeted by Antifa All Out DC

AntiFa Targets Tucker Carlson’s Home In D.C. Poster Campaign.

U.S. POLITICS

Kavanaugh 2.0? Trump’s Rape Accuser E. Jean Carroll Should Face Tougher Questions.

CULTURE

Google Anti-Conservative Political Bias Google Anti-Conservative Political Bias

Google Admits It Wants to ‘Prevent The Next Trump Situation’

TECH

Connect
Newsletter Signup.

Sign up to the Human Events newsletter