US Treasury yields rise to levels not seen since 2019 - reports

‘More pain ahead’

clock • 2 min read
US Fed chair Jerome Powell

US Fed chair Jerome Powell

US Treasury yields have risen to their highest level since 2019, after the US Federal Reserve hiked interest rates for the first time since 2018 last week, and indicated this week that it will “move more aggressively”, if required, to bring down inflation.

The yield on 10-year US Treasuries has climbed to 2.3% this month, a level not seen since May 2019, according to the FT. The two-year Treasury yield has also risen in March, increasing 0.69 percentage points so far, the FT also reported. On 16 March, the Fed raised interest rates by 0.25% and said it now expects to raise rates a further six times this year as it attempts to bring inflation under control. Fed triggers lift-off with first hike since 2018 In a speech at the 38th Annual Economic Policy Conference National Association for Business Economics yesterday (22 March), Powe...

To continue reading this article...

Join Investment Week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now


Already an Investment Week


More on Bonds

Instruments span commercial paper, certificates of deposit, floating rate notes and short-dated bonds.

Canada Life AM launches sterling short term bond fund

Canada Life Asset Management has launched a short term sterling bond fund, which aims to offer investors stable capital and income.

clock 30 June 2022 • 1 min read
The ETFs aim to overcome traditional yield shortfall by using multi-factor investing.

Invesco launches two ESG credit ETFs

Invesco has launched two new ESG ETFs that provide investors with access to investment grade fixed-rate euro-denominated unsecured corporate bonds from global issuers.

clock 29 June 2022 • 2 min read
Up to 72% concerned about geopolitical risk

Market conditions shake up priorities at UK investment firms

Optimism despite multiple risks

clock 28 June 2022 • 2 min read