U.S. Treasury sell-off eases, traders eye highest 30-year yield since 1999
U.S. Treasury yields have recently peaked, with the 10-year note reaching its highest level in 15 months. A Bank of America survey indicates that a majority of fund managers expect 30-year Treasury yields to rise to 6%, the highest since 1999. Concerns over inflation and government deficits are influencing the bond market's current dynamics.
- ▪The U.S. 10-year note yield recently hit its highest level in 15 months.
- ▪62% of global fund managers expect 30-year Treasury yields to reach 6%.
- ▪Inflationary pressures and government deficits are impacting bond market sentiment.
6 outlets in our directory ran this story, first to last over 2 days. All of the coverage we found sits in one bucket: centre. That one-sidedness is itself worth noticing.
- ▪ Global Long Bond Yields Climb to Highest in Almost Two Decades - Bloomberg.com — Google News
- ▪ 30-year Treasury yield hits highest level since 2007 as inflation fears deepen — Quartz
- ▪ Yield on U.S. 30-year bond climbs to highest since 2007 — The Globe and Mail
- ▪ 30-year US Treasury yield hits 5.1%, highest since July 2007 — Crypto Briefing
- ▪ Why Government Bond Yields Are at Their Highest in 20 Years — RealClear Markets
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Opening excerpt (first ~120 words) tap to expand
Treasurys were taking a breather after yields soared on Monday, with the U.S. 10-year note yield touching its highest level in 15 months at one point.It came as a Bank of America survey published on Tuesday revealed 62% of global fund manager respondents expect 30-year Treasury yields to hit 6%, which would mark the highest level since late 1999 and an increase of roughly 86 basis points from the current level. This compares to just 20% of respondents who said they are targeting a 30-year yield of 4%. Yields on 10-year German bunds dropped more than 1 basis point to 3.1471% early on Tuesday. Despite easing, the yield on 10-year U.K. Gilts — the benchmark for Britain's government debt — still remains above 5%, at 5.115%.Yields on longer-term government debt in the U.K.
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