Business
US 10-year Treasury yield rises to highest since 2007 as Fed rate hike bets strengthen
Reported by Rohit Yadav (Staff Writer) · Livemint - Markets ·
Representative image · Wikimedia CommonsUS 10-year Treasury yield rises to highest since 2007 as Fed rate hike bets strengthen. The US 10-year Treasury yield has reached 5.041%, the highest since July 2007, as rising crude oil prices bolster expectations for a Federal Reserve rate hike. This rise raises concerns over increased borrowing costs, affecting corporate spending and consumer demand amid ongoing inflation pressures. The US 10-year Treasury yield, a benchmark for mortgage and auto loan rates, hit a nearly two-decade high on Tuesday, September 15, as elevated crude oil prices strengthened the case for a US Federal Reserve rate hike
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US 10-year Treasury bonds hit 19-year high ahead of Fed rate decision
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