7 hours ago
Bond Yields Have Been Quiet. Watch for a Shake-up.
Forgive bond traders and dealers for taking a quick nap--the asset class has done little over the past week. The Federal Reserve is here to reawaken them today.
The yield on the 10-year Treasury note, a key benchmark for mortgage rates, credit cards and the economy overall, has traded in a narrow range between 4.25% to 4.35% since March 12. The yield was up around two basis points to 4.313% on Wednesday morning, still keeping close to its anchor point of 4.3%.
The case for a breakout is here, with the Fed’s interest-rate announcement scheduled for 2 p.m. ET.
