Treasury yields rise
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Bankrate on MSNSurvey: Experts predict 10-year Treasury yield to dip lower over next year despite Trump tariff threatsMarket watchers expect the 10-year Treasury’s yield to fall to 4.18 percent in a year, from 4.28 percent currently.
US Dollar Index Futures, United States 2-Year, United States 10-Year. Read 's Market Analysis on Investing.com
President Donald Trump's renewed calls for Federal Reserve Chair Jerome Powell's resignation have prompted investors to protect portfolios against the risk of higher inflation, as a central bank more willing to lower interest rates could fuel price rises and make lenders demand higher compensation to hold bonds.
The US budget legislation is expected to worsen the country's fiscal outlook without boosting economic growth.
The average rate on 30-year fixed home loans decreased to 6.67% for the week ending July 3, down from 6.77% last week.