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The Return Of The Bond Vigilantes By James Picerno | Jun 11, 2015 at 06:44 am EDT The Capital Spectator US Treasury yields continued to rise yesterday, with the rate on the benchmark 10-year Note reaching 2.50%–the highest level since last September, based on data from Treasury.gov. Meanwhile, the 2-year yield—considered the most sensitive spot on the yield curve for rate expectations—ticked up to a four-year high of 0.75% on Wednesday (June 10). Meantime, recent data for the labor market paints an encouraging profile. After last week’s surprisingly strong rise in payrolls for May, along with jobless claims sticking close to a 15-year low, the Labor Department this week advised that job openings in April jumped to a 15-year high.
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The Capital Spectator
US Treasury yields continued to rise yesterday, with the rate on the benchmark 10-year Note reaching 2.50%–the highest level since last September, based on data from Treasury.gov. Meanwhile, the 2-year yield—considered the most sensitive spot on the yield curve for rate expectations—ticked up to a four-year high of 0.75% on Wednesday (June 10).
Meantime, recent data for the labor market paints an encouraging profile. After last week’s surprisingly strong rise in payrolls for May, along with jobless claims sticking close to a 15-year low, the Labor Department this week advised that job openings in April jumped to a 15-year high.
The net result is that the Treasury market is focused on the rising possibility that the Federal Reserve will start raising interest rates in the near future, perhaps as early as September.
http://www.capitalspectator.com/the-return-of-the-bond-vigilantes/