Long-Term Treasury Yields Settle at New Multidecade Highs
Dow Jones
3 hours ago
1552 ET - Treasury yields rise as markets expect the Fed to keep rates elevated while long-term inflation remains a concern. September ISM services PMI slows to 54.9 from 55.4, but it stays above the 50 mark, suggesting economic growth. August trade deficit is expected to widen to $102 billion from $88.6 billion, according a WSJ consensus. The Treasury will auction $58 billion in three-year notes tomorrow. The 30-year yield rises 0.035 percentage point to 5.664%, its highest settlement since May 2002. The 10-year yield adds 0.034 point to 5.310%, its highest close since April 2002. The two-year is little changed, at 4.831%.
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