TD Securities says yields could go beyond fair value U.S. 10-year overnight rate in repo market still negative (Repeats to additional subscribers without any changes to text)
NEW YORK, March 8 (Reuters) - U.S. Treasury yields advanced on Monday, with the belly of the curve leading the way, as investors continued to price in higher inflation and more upbeat prospects for the U.S. economy as it emerges from the coronavirus pandemic.
The U.S. 5-year and 7-year note yields were up between five to six basis points, while that of the benchmark 10-year note hit a nearly 13-month high.
The European Central Bank meets on Thursday and one topic will dominate: what to do about rising sovereign bond yields which if left unchecked could derail efforts to get a coronavirus-hit economy back on track.
Greece plans to lift COVID-19 restrictions in the retail sector and open schools before the end of March and begin to re-open the tourism sector in May ahead of the vital summer season, a government spokeswoman said on Monday.
A gauge of global stocks dipped in choppy trading on Monday as investors eyed the yield on U.S. Treasuries for signs of inflation pressures in the wake of the U.S. Senate's passage of a $1.9 trillion stimulus bill.
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NEW YORK (Reuters) - A gauge of global stocks dipped in choppy trading on Monday as investors eyed the yield on U.S. Treasuries for signs of inflation pressures in the wake of the U.S. Senate’s passage of a $1.9 trillion stimulus bill.
FILE PHOTO: Workers clear snow from a sidewalk outside the New York Stock Exchange (NYSE) during a snow storm in the Manhattan borough of New York City, U.S., February 18, 2021. REUTERS/Brendan McDermid
After climbing as high as 1.613% on the session, the third time above 1.6% in the past year, the U.S. 10-year Treasury yield held near a more than one-year high.