The 10-year Treasury yield hit a new high of 4.90%.
On Wednesday (10/18), New York Fed President John Williams stated that interest rates must remain at restrictive levels longer to bring down inflation, and the issuance of US Treasury bonds continued to increase this week. The 10-year Treasury yield jumped to 4.90%, hitting a new high since 2007, while the 20-year Treasury bond auction pushed the spread between the 2-year and 20-year Treasury yields to a multi-year high.
Remarks by officials
• New York Fed President John Williams said that interest rates will need to remain at higher levels for a longer period to bring down inflation back to the Fed’s 2% target.
• Fed Governor Christopher Waller said that whether further monetary policy tightening is needed can be decided after more data is released.
US Treasury market conditions
• The 2-year US Treasury yield increased 1bp to around 5.22%.
• The 10-year US Treasury yield increased 7bps to around 4.90%.
10年期美債收益率再度創高至4.90%
週三（10/18）紐約聯準銀行行長威廉斯 (John Williams) 表示利率必須在一段時間內維持在限制性水準才能讓通膨回落，加上本週美國公債的發行量持續增加，10 年期美債收益率彈升至4.90%，再度創下2007年以來的新高。20年期公債標售則是使2年期與20年期美債收益率利差觸及多年高點。
官員談話
• 紐約聯準銀行行長威廉斯（John Williams）表示，為了將通脹恢復到聯準會的2％目標，利率將需要保持較高水平一段時間。
• 聯準會理事華勒 (Christopher Waller) 指出，是否需要進一步收緊貨幣政策，可等待更多數據出爐後再決定。
美債市場狀況
• 2年期美債利率較前日上漲1bp至約5.22%
• 10年期美債利率較前日上漲7bps至約4.90%