10-year Treasury yield hits 2.82% — its highest point since December 2018
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Loading... - Jason Chloros
- 12 Apr 2022
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The 10-year U.S. Treasury yield hit 2.82% on Tuesday morning, its highest point since December 2018.
The yield on the benchmark 10-year Treasury note rose 3 basis points to 2.8205% at 4:15 a.m. ET. The yield on the 30-year Treasury bond moved 1 basis point higher to 2.8353%. Yields move inversely to prices and 1 basis point is equal to 0.01%.
TREASURYS
| TICKER | COMPANY | YIELD | CHANGE | %CHANGE |
|---|---|---|---|---|
|
US3M
|
U.S. 3 Month Treasury | 0.82 | 0.03 | 0 |
|
US1Y
|
U.S. 1 Year Treasury | 1.82 | 0.036 | 0 |
|
US2Y
|
U.S. 2 Year Treasury | 2.541 | 0.033 | 0 |
|
US5Y
|
U.S. 5 Year Treasury | 2.821 | 0.035 | 0 |
|
US10Y
|
U.S. 10 Year Treasury | 2.801 | 0.019 | 0 |
|
US30Y
|
U.S. 30 Year Treasury | 2.819 | -0.002 | 0 |
The spike in the 10-year rate comes ahead of key inflation data.
March’s consumer price index is due out at 8:30 a.m. ET on Tuesday. The data is expected to show an 8.4% annual increase in prices — the highest level since December 1981 — according to economists polled by Dow Jones, with rising food costs, rents and energy prices expected to be the main contributors to the spike.
The March producer price index is due out at 8:30 a.m. ET on Wednesday.
These inflation readings are key in determining how aggressive the Federal Reserve will be in tightening monetary policy. Read More...
