10-Year Treasury Yield Tops 5% as Fed Signals Another Rate Increase
Updated
Updated · CNBC · Sep 18
10-Year Treasury Yield Tops 5% as Fed Signals Another Rate Increase
3 articles · Updated · CNBC · Sep 18
Summary
The benchmark 10-year Treasury yield rose more than 5 basis points to 5.00% on Friday, climbing back above the key 5% threshold after briefly pulling back following the Fed decision.
The move followed the Federal Reserve's first rate hike in three years on Wednesday and fresh signals that policymakers could tighten again.
Fed Chair Kevin Warsh said inflation has been "too high ... for too long," while the Fed's dot plot showed a majority of officials expect another increase.
Across the curve, the 2-year yield gained more than 4 basis points to 4.739% and the 30-year rose 4 basis points to 5.336%, extending a volatile week for Treasuries.
Earlier this week, the 10-year yield touched 5.041%—its highest level since 2007—underscoring how sharply rate expectations have repriced.