U.S. benchmark 10-year yield briefly hits highest since 2002
The yield on the 10-year Treasury note briefly rose above its 2007 peak to trade at 5.34% on Thursday. Earlier this week, the rate on 30-year US bonds also hit a 24-year high.
Manufacturing industry
Treasuries rise on weak U.S. manufacturing, bullish option trades
Yields gravitated back toward session lows — down three to four basis points on the day — after the December ISM manufacturing gauge unexpectedly dropped.
US Treasuries slip as traders trim rate-cut bets ahead of Powell
Traders were watching a slew of data on a bigger-than-expected increased in jobless claims and expanded manufacturing Thursday.
Is Fed taking too long on middle-market loan relief?
The agency is being methodical in its rollout of the Main Street Lending Program in hopes of avoiding missteps that followed the launch of other coronavirus relief efforts. But observers say delaying aid brings its own risks.
