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Treasurys give back some gains after Fed-inspired ‘Goldilocks’ rally

U.S. government-bond yields rose Thursday as Treasury prices gave back some of the ground gained a day earlier in a sharp rally following the Federal Reserve’s widely anticipated rate increase. The yield on the 10-year Treasury note rose 1.6 basis points to 2.52%, according to Tradeweb, while the 2-year yield rose 0.8 basis point to 1.324%. The 30-year Treasury bond yield rose 3.1 basis points to 3.133%. Yields rise as debt prices fall. Yields on Wednesday posted their largest daily fall since June after the Fed delivered a widely expected quarter-point increase in the fed-funds rate while maintaining its forecast for a total of three rate increases in 2017. Yields had hit multiyear highs earlier in the week on fears the Fed could signal a more aggressive approach to rates.

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