ADVERTISEMENT
ADVERTISEMENT

Treasurys are surging as stocks get slammed

Yields in the belly of the curve are down about 10 basis points.

  • Treasurys are surging as stocks come under pressure.
  • Yields in the belly of the curve are down about 10 basis points.
  • Treasury yields were recently rising amid Fed concerns of a pickup in inflation and the jobs report showing wages were rising faster than expected.

US Treasurys are surging as heavy selling briefly pushed the Dow Jones industrial average down more than 1,500 points. Traders are rushing into the safety of bonds amid the selling, pushing yields in the belly of the Treasury curve down more than 10 basis points. Here's a look at the scoreboard as of 3:13 p.m. ET:

  • 2-year
  • 3-year
  • 5-year
  • 7-year
  • 10-year
  • 30-year

Selling over the past couple of sessions ran the benchmark 10-year yield up to 2.85%, it highest since January 2014. Last week, the Fed hinted it saw inflation reaching its 2% target over the medium term and the jobs report showed wages were picking up a bit faster than expected. That caused some on Wall Street to suggest the Fed could hike rates four times this year instead of the three that was expected.

JOIN OUR PULSE COMMUNITY!

Unblock notifications in browser settings.
ADVERTISEMENT

Eyewitness? Submit your stories now via social or:

Email: eyewitness@pulse.ng

Recommended articles

Here's everything to know about being a virgin on your wedding night

Here's everything to know about being a virgin on your wedding night

7 do's and don’ts of the Holy month of Ramadan

7 do's and don’ts of the Holy month of Ramadan

Top 5 sweetest celebrity mother-child relationships that stand out for us

Top 5 sweetest celebrity mother-child relationships that stand out for us

International Women's Day: 5 Nigerian female celebrities championing women’s rights

International Women's Day: 5 Nigerian female celebrities championing women’s rights

Top 5 female directors in Nollywood

Top 5 female directors in Nollywood

6 things that will break a Muslim's fast during Ramadan

6 things that will break a Muslim's fast during Ramadan

5 benefits of fasting during Ramadan

5 benefits of fasting during Ramadan

5 reasons Easter was more fun when we were children

5 reasons Easter was more fun when we were children

Dos and don’ts of supporting Muslims during Ramadan

Dos and don’ts of supporting Muslims during Ramadan

ADVERTISEMENT
ADVERTISEMENT