10-Year Treasury Yield Hits 4.60% as Fed Rate-Hike Bets Rebound
Updated
Updated · TradingView · Jul 16
10-Year Treasury Yield Hits 4.60% as Fed Rate-Hike Bets Rebound
3 articles · Updated · TradingView · Jul 16
Summary
The 10-year US Treasury yield climbed to 4.60% on Thursday, nearing the July 13 two-month high of 4.62% as traders again priced in a Federal Reserve rate increase this year.
June retail sales stayed firm after adjusting for lower fuel turnover, while initial jobless claims fell to their lowest level in more than two months, reinforcing signs of economic resilience.
US-Iran attacks also pushed benchmark fuel prices higher, reviving energy-inflation worries that had already helped drive sharp price increases since March.
That mix of sticky inflation risks and a strong labor backdrop aligns with the FOMC's own projection for one rate hike this year and marks a reversal from Wednesday's softer producer-price signal.