U.S. Treasury yields decline, 30-year yield at 5.1428%
Published on Β· Source: cnbc.com
AI Summary
Summarized by AI from the source belowU.S. Treasury yields eased slightly with the 10-year note yield at 4.6073% and the 30-year bond yield holding at 5.1428%. On Monday, the 10-year yield had reached a 15-month high. A Bank of America survey indicated that 62% of fund managers expect the 30-year yield to climb to 6%, an increase of approximately 86 basis points. The current inflationary context, influenced by energy costs and fiscal concerns, is impacting bond market sentiment, pushing yields higher in the long term, particularly in the U.K. and Germany.
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About Bank of America Corporation (BAC)
Bank of America is one of the largest U.S. banks, offering consumer banking, wealth management, and investment banking.
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