Will 10-year Treasury yield hit 5% soon? Here's what financial-market players say

There’s a debate going on in financial markets over if and when the benchmark 10-year Treasury note yield will get to 5%, with bond traders leaning toward such a scenario unfolding in a matter of weeks.

Getting to that 5% mark essentially requires more selling by investors of the 10-year government note, at a time when stocks have also lost ground. Dow industrials DJIA have erased their 2023 gains as yields climbed on Tuesday, while the S&P 500 SPX has seen its year-to-date gain shrink to around 12% as of Wednesday afternoon.

“What I think we are seeing — whether its 5% on 30-year bonds or a 20-year Treasury yield near 5.2% earlier in the day, or a 10-year rate briefly above 4.8% — is that people are looking at these levels and finally coming out of the weeds to put cash to work,” said William O’Donnell, a U.S. rates strategist at Citigroup C, -0.82% in New York.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Asia-Pacific stocks set to fall as U.S. 10-year Treasury yield notches 16-year highAsia-Pacific markets are set to open mixed after the U.S. 10-year Treasury yield hit its highest in 16 years.
Source: NBCLA - 🏆 319. / 59 Read more »

Asia-Pacific stocks fall as U.S. 10-year Treasury yield notches 16-year highAsia-Pacific markets fall after the U.S. 10-year Treasury yield hit its highest in 16 years.
Source: NBCLA - 🏆 319. / 59 Read more »