(Seoul = Yonhap Infomax) Reporter Jeong Yoon-kyo = The yield of the 10-year US Treasury bond is on the rise in the Asian market on the 23rd.
According to Yonhap Infomax (screen number 6535), as of 10:35 am Korean time, the yield on the 10-year U.S. Treasury bond stood at 3.0276%, up 0.10bp from the previous chapter.
At the same time, the yield on the 2-year Treasury bond rose 0.04bp to 3.3142%, and the yield on the 30-year Treasury bond rose 0.38bp to 3.2356%.
U.S. Treasury yields are rising on expectations that the Fed’s pace of tightening will continue ahead of the Jackson Hole Symposium and the release of the Personal Consumer Expenditure (PCE) price index.
Market participants are expecting Fed Chairman Jerome Powell to signal the pace of tightening in September. The key is whether the September rate hike will be limited to 50bp or 75bp.
In the New York market on the 22nd (local time), Treasury bond yields rose on fear of tightening. The 10-year bond yield exceeded 3%.
The gap between 10-year and 2-year bonds widened from -26.6bp on the previous trading day to -30.7bp.
Meanwhile, at the same time, the dollar index traded at 108.908, down 0.05% versus New York.
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This article was served from the Infomax financial information terminal at 10:38, two hours earlier.
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