Treasury yields climb as recession fears spread

Treasury yields rose across the board on Wednesday as worries about a recession spread among investors, and markets eagerly awaited the release of housing market data.

The yield on the 10-year cash flow was last at 4.059, up 6.1 basis points after hovering just below the key 4% level on Tuesday.

Sensitive policies Cash 2 years the yield rose about 4 basis points to 4.478%.

Yields and prices have an inverse relationship and one basis point equals 0.01%.

Concerns about a recession have risen among investors as the Federal Reserve continues to follow a hawkish trajectory lined with interest rate hikes.

This has started to be reflected in earnings projections, with some companies and analysts downgrading their outlook for the next few quarters.

A fourth consecutive rate hike of 75 basis points is now widely expected from the central bank at its meeting in early November and Fed speakers have hinted that this trend may continue.

Speaking during a an event On Tuesday, Minneapolis Fed Chairman Neel Kashkari said he saw no reason not to push the central bank’s benchmark rate above 4.75% in order to fight inflation. These levels were last seen in the first half of 2006.

More Fed speakers are due to comment on Wednesday and data on housing starts and building permits will be released. This could give merchants better insight into the state of the US economy and the impact of economic developments on consumers.

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