TBX
Treasury yields at a critical level but no one knows which way they’ll break
Prices for 10-year Treasuries remained just strong enough to keep yield on this benchmark bond below 3%. Not much below 3%, granted. The high for the day so far is 2.996% as of 3 p.m. New York time. At 3 pm. the yield on the 10-year Treasury was 2.97%, up one basis point for the day.
Trick or trend: 10-year Treasuries drop, yield climbs to February peak at 2.95%
The yield on the 10-year U.S. Treasury climbed to 2.95% today, up 4 basis points on the day. That equals the high yield for 2018 set back in February. The driver this time is an increase in commodity prices that has revived fears of inflation
