December 5, 2021

The World Stock Markets Tips & Targets, News, Views & Updates

The World Stock Markets Tips & Targets, News, Views & Updates

10-year Treasury yield back above 1.6% to start the week

The 10-year U.S. Treasury yield climbed back above the 1.6% mark to start the trading week.

The yield on the benchmark 10-year Treasury note rose 2.4 basis points to 1.601% at 7:40 a.m. ET. The yield on the 30-year Treasury bond climbed 1.5 basis points to 2.035%. Yields move inversely to prices and 1 basis point is equal to 0.01%.

The 10-year rate was on the rise on Friday, topping 1.57%, after data showed that retail sales rose by 0.7% in September, versus an expected decline of 0.2%.

On Monday, the October National Association of Home Builders housing market index is due to come out at 10 a.m. ET.

Auctions are scheduled to be held on Monday for $48 billion of 13-week bills and $45 billion of 26-week bills.

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