Bonds & Rates
Treasury yields climb after a volatile week
Longer rates stay elevated even as Treasurys catch a small bid on the day.
Treasury yields remain high by recent standards. The 5-year sits at 4.397%, the 10-year at 4.641%, and the 30-year at 5.125%. All three are above their 50-day and 200-day moving averages.
On the day, yields move lower, with the 5-year down 0.7%, the 10-year down 0.8%, and the 30-year down 0.7%. But the broader trend is still higher over the past month, with the 10-year up 5.7% and the 30-year up 5.5%.
Credit is mixed. LQD rises 0.3%, HYG inches up 0.1%, and MUB gains 0.2%, even though all three remain under pressure on the month. LQD is still below both its 50-day and 200-day averages, and MUB also sits below both.
CNBC Economy headlines show the bond market still wrestling with inflation, tariffs, and oil. Reports on import prices, wholesale prices, and renewed Hormuz risk help explain why long-end yields are holding a higher range even after today’s pullback.