U.S. bond yields reached a new high since 2007 as oil prices rose
With oil prices soaring to over $90, their highest level in over a year, yields on various tenures of US Treasury bonds also rose across the board on Tuesday (9/19). The 2-year Treasury yield climbed to around 5.10%, while the 10-year Treasury yield reached near 4.36%, marking its highest level in 16 years. Recent data has shown that both consumer and producer prices in the United States have exceeded expectations, diminishing the previous expectations of easing inflation. The market expected the Fed to keep rates steady on Wednesday and is closely watching for the Fed’s latest economic outlook and interest rate guidance.
Remarks by officials
- US Treasury Secretary Yellen, in an interview, mentioned that oil prices are expected to stabilize eventually, economic growth is expected to experience a soft landing, but a government shutdown could potentially lead to a loss of momentum in economic growth. She also pointed out that the current job market remains strong, and there are signs of cooling inflation.
US Treasury market conditions - The 2-year US Treasury yield increased by 3bps to around 5.09%.
- The 10-year US Treasury yield rose by 5bps to around 4.36%.
隨著油價上升,美債收益率升至2007年以來新高
伴隨著油價來到90元以上,為近一年以來的新高,週二(9/19)各天期美債收益率亦全線上揚,其中2年期美債收益率升至5.10%附近,10年期美債收益率則來到約4.36%,為近十六年以來的新高。日前的數據顯示,美國消費者和生產者物價均超出預期,降低了先前市場對通膨壓力將趨緩的希望。市場預期聯準會本週三將維持利率不變,並密切關注利率決議會後聯準會最新之經濟展望以及利率指引。
官員談話 - 美國財長葉倫於受訪時表示,油價最終將止穩,經濟成長可望軟著陸,但政府關門將可能導致經濟增長失去動力,並且指出目前就業市場依然強勁、通膨有降溫跡象。
美債市場狀況 - 2年期美債利率較前日上升約3bps至約5.09%
- 10年期美債利率較前日上升約5bps至約4.36%