Today in Bonds & Rates
Treasury yields push higher as bond funds sag
Longer rates move up again, while broad bond proxies drift lower.
Treasury yields finish higher across the curve. The 5-year Treasury rises 0.9% to 4.614%, the 10-year climbs 0.65% to 4.837%, and the 30-year adds 0.42% to 5.286%. All three yields remain above their 200-day averages.
The move does not help bond funds. LQD slips 0.16%, HYG edges down 0.18%, MUB falls 0.52%, and TLT loses 0.57%. VBTLX also drops 0.11%.
The Treasury move arrives alongside a busy macro backdrop in the headlines. Reuters says the Treasury Department plans to buy back up to $6 billion in Sept. 10 buybacks, and CNBC reports that the Treasury Department is set to buy back up to $6 billion in longer-term debt, triple the normal level.
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Treasury yields
Official data: FRED, Federal Reserve Bank of St. Louis| Series | Level | Change | As of |
|---|---|---|---|
| 5-Yr Treasury | 4.61% | +4bp | today |
| 10-Yr Treasury | 4.84% | +3bp | today |
| 30-Yr Treasury | 5.29% | +2bp | today |
Credit & municipal
Official data: FRED, Federal Reserve Bank of St. Louis| Series | Level | Change | As of |
|---|---|---|---|
| LQD, IG bond ETF | $105.31 | ▼0.2% | today |
| HYG, HY bond ETF | $78.98 | ▼0.2% | today |
| MUB, muni bond ETF | $103.48 | ▼0.5% | today |
Housing & real estate rates
Official data: FRED, Federal Reserve Bank of St. Louis| Series | Level | Change | As of |
|---|