U.S 10-year Yield Retests 3% on Supply Worries

U.S. Treasury prices fell on Wednesday with benchmark 10-year yield rising above 3 percent for a second day as worries about growing federal borrowing spurred a fresh wave of selling in the bond market.

At 8:34 a.m. (1234 GMT), the 10-year Treasury yield was up 4 basis points at 3.024 percent after touching 3.033 percent earlier Wednesday, which was the highest since January 2014, Reuters data showed.

DAX Slumps as US Bond Yields Continue to Rise

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Dean Popplewell

Dean Popplewell

Vice-President of Market Analysis at MarketPulse
Dean Popplewell has nearly two decades of experience trading currencies and fixed income instruments. He has a deep understanding of market fundamentals and the impact of global events on capital markets. He is respected among professional traders for his skilled analysis and career history as global head of trading for firms such as Scotia Capital and BMO Nesbitt Burns. Since joining OANDA in 2006, Dean has played an instrumental role in driving awareness of the forex market as an emerging asset class for retail investors, as well as providing expert counsel to a number of internal teams on how to best serve clients and industry stakeholders.
Dean Popplewell