The yield on the benchmark 10-year Treasury dipped on Tuesday, but remained close to the 4% mark, as stock markets rallied off the back of strong earnings reports.note was trading about 1 basis point lower at 4.0025% at around 4:30 am E.T. In recent weeks it has surpassed the key 4% level, which it last frequently crossed in 2008, more and more often.Yields and prices have an inverted relationship. One basis point is equivalent to 0.01%.U.S. stock markets rallied at the start of the week as U.S.
Concerns about continuous rate hikes dragging the U.S. economy into a recession have been growing ahead of the next Fed meeting in early November, where the central bank is expected to implement a 75 basis point rate hike.
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