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US Treasury yields surge across the board, fueling rate hike expectations
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On the evening of September 23, US Treasury yields rose sharply, with the 10-year yield touching 5.367%, potentially closing at its highest level since June 2004. Yields on 3-year to 10-year Treasuries each rose at least 10 basis points. The US Treasury announced it will repurchase up to $60 billion in long-term bonds on Thursday, with a minimum of $40 billion. A Federal Reserve official stated that to ensure inflation returns to target in a timely manner, further interest rate hikes may be necessary, supporting the Fed's recent 25-basis-point rate increase. The official noted that risks to achieving the Fed's inflation target have risen. US stock markets declined, with the Nasdaq falling nearly 1%, and chip stocks including SK Hynix dropped over 2%. The article is sourced from Caixin and republished by Daily Economic News.
Source report
Beijing time, September 23 evening — The yield on the 10-year U.S. Treasury note touched 5.367%, on track for its highest closing level since June 2004. Yields on U.S. Treasuries maturing between 3 and 10 years all rose by at least 10 basis points during the day.
According to Cailianshe, the U.S. Treasury will repurchase up to $6 billion in long-term bonds on Thursday. The Treasury had previously stated that the minimum repurchase amount would be $4 billion.
On September 23 (local time), a Federal Reserve official stated that to ensure inflation returns to its target level in a timely manner, the Fed may need to raise interest rates further. The official supported the Fed's decision to raise rates by 25 basis points last week, noting that risks to achieving the Fed's inflation target have increased.
U.S. stock markets — As of press time, all three major indices were in decline, with the Nasdaq falling nearly 1%. Chip stocks also broadly declined, with SK Hynix dropping over 2%.
This article is reprinted from Cailianshe. Source: National Business Daily
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腾讯财经Eastern
Part of this Story
US 10-Year Treasury Yield Hits 5.133%, Highest Since 2007, on Strong Data and Rate-Hike Fears