U.S. Treasury Yields Rise but Stay Shy of Thursday's Long-Term Highs
Dow Jones
Sep 25
0534 GMT - U.S. Treasury yields rise in Asian trade but stay below Thursday's multiyear highs as markets embrace the idea of higher-for-longer bond yields in anticipation of further interest-rate hikes. "Tighter policy expectations are driving yields higher--not risk premia," SEB's Gustav Helgesson says in a note. The global rise in bond yields is continuing at a rapid pace, particularly in the U.S., the macro strategist says. The 10-year Treasury yield is up 1.3 basis points at 5.174%, below Thursday's 5.225%, the highest since mid-2007, according to Tradeweb.
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