Treasury yields were holding at mostly higher levels on Friday, on the heels of a massive move triggered by signs the Federal Reserve may push more on its inflation fight alongside a weak auction of 30-year notes.What’s happening
The yield on the 2-year Treasury note
was steady at 5.024%. The yield climbed 8.6 basis points on Thursday to 5.022%, the highest level since Oct. 31.
The yield on the 10-year Treasury note
was steady at 4.625%, after jumping 12.3 basis points at 4.629%.
The yield on the 30-year Treasury note
rose slightly to 4.772%. The yield climbed 12.2 basis points to 4.777% on Thursday, almost managing its largest one-day jump since June 13, 2022.
What’s driving markets Investors are still weighing up a poorly-received Treasury auction of 30-year bonds on Thursday that triggered a sharp selloff in long-dated bonds and weighed on stocks.
It was unclear whether the Treasury auction had been affected by a reported ransomware attack against the U.S. unit of the Industrial & Commercial Bank of China that apparently disrupted the U.S. Treasur …