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BullNBear52

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BullNBear52

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Re: cintrix post# 315187

Monday, 06/13/2022 3:46:20 PM

Monday, June 13, 2022 3:46:20 PM

Post# of 316446
10-year Treasury yield rockets above 3.35% in biggest move since March 2020
PUBLISHED MON, JUN 13 20221:41 AM EDTUPDATED 41 MIN AGO
Samantha Subin
Matt Clinch
Sam Meredith

Rates surged on Monday as investors bet the Federal Reserve would need to get more aggressive to lower inflation.

The 10-year Treasury yield jumped 20 basis points to 3.35%, marking its biggest move since March 2020, while the 2-year rate was last up nearly 22 basis points at 3.268%. Yields move opposite to prices, and a basis point is equal to 0.01%.
https://www.cnbc.com/2022/06/13/us-bonds-2-year-treasury-rate-hits-highest-level-since-2007.html

It is getting very ugly out there.

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