Daily Market Updates: 10-year Treasury yield hits 19-year high on fresh data fears

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10-year Treasury yield hits 19-year high on fresh data fears

Wednesday data on services and manufacturing boosted concerns about additional Federal Reserve rate hikes, pushing the 10-year yield higher.

Reported · Written up by our desk · Government Bonds

CNBC Markets reports that Treasury yields moved higher on Wednesday, with the 10-year yield climbing to a 19-year high.

The outlet attributes the spike to new services and manufacturing sector data, which increased worries that the Federal Reserve could pursue additional rate hikes.

As rate hike expectations rose, bond yields responded by pushing further upward across the curve, with the 10-year portion leading the move.

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Sources

CNBC Markets10-year Treasury yield rockets to 19-year high. Here's what's driving the spike

Bonds & Rates

10-year Treasury yield hits 19-year high on fresh data fears

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Sources

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