10-year Treasury yield back above 4.6% after mixed jobless claims data
Published On Dec 27, 2024, 4:10 AM
The 10-year Treasury yield has risen above 4.6% following a mixed report on U.S. jobless claims. Although weekly jobless claims fell slightly below expectations, continuing claims climbed to their highest levels since November 2021. This increase in yields suggests that traders are anticipating a more aggressive stance from the Federal Reserve moving into 2025.
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Negative
The rise in the 10-year Treasury yield could indicate a bearish sentiment towards treasuries as investors adjust their expectations for future interest rates. With increased yields, bond prices may decline as the market approximates a more hawkish Federal Reserve stance next year.
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