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10-Year Treasury Yield Climbs as Equities Hit Record Highs Amid Shutdown Uncertainty
10-Year Treasury Yield Climbs as Equities Hit Record Highs Amid Shutdown Uncertainty
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BTCCSquare news:
The 10-year Treasury yield rose 4.1 basis points to 4.16% on Monday, surpassing its September 17 close of 4.106%—the day the Federal Reserve cut rates by 25 bps. The MOVE coincides with the S&P 500 and Nasdaq 100 notching fresh all-time highs, signaling a pivot toward risk assets. Bond prices, inversely correlated to yields, face pressure as capital rotates into equities.
Market participants shrug off the sixth day of a government shutdown, which has delayed key economic data. 'The bond market represents good value,' said Baird Funds' Warren Pierson, noting attractive yields for pension plans and retirees. The resilience of long-dated Treasuries suggests muted concern over fiscal gridlock.
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