U.S. government bond yields have surged on Friday, with the 10-year bill yield approaching a two month high, touching 1.3855%, its highest level since 2011 and was set for a fourth consecutive week of increases, the longest such successive band since March.
Traders look forward to a busy week of Central Bank\u2019s meetings; including a key event at the Federal Reserve, Investors hope to get more clarity from the Fed on the schedule for slowing down the asset purchases.
The yield on 10-year Treasury notes was up 3.9 basis points at 1.3702% as the yield on the 30-year Treasury bond was up 2.6 basis points at 1.9071%.
The Fed\u2019s reverse offers approved money managers the option to lend money overnight to the U.S. central bank in return for Treasury collateral, set a record USD 1.218 trillion on Friday. Borrowing rates in the overnight repurchase agreement market were at 5 basis points.
The Fed is expected to tie any policy decision to U.S. job growth in September and thereafter. Other than the Fed’s two-day meeting ending on Wednesday.
The central banks of China, Japan, Sweden, Turkey as well as Brazil and the United Kingdom are among those scheduled to meet next week to discuss monetary policy.<\/p>\n","protected":false},"excerpt":{"rendered":"
U.S. government bond yields have surged on Friday, with the 10-year bill yield approaching a two month high, touching 1.3855%, its highest level since 2011 and was set for a fourth consecutive week of increases, the longest such successive band since March.Traders look forward to a busy week of Central Bank\u2019s meetings; including a key …<\/p>\n","protected":false},"author":13,"featured_media":31299,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37],"tags":[7459,7469,7470,7467,6969,7468],"class_list":["post-51012","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","tag-asset-purchases","tag-central-bank","tag-central-banks","tag-government-bills","tag-growth","tag-tapering"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/51012","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=51012"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/51012\/revisions"}],"predecessor-version":[{"id":51016,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/51012\/revisions\/51016"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/31299"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=51012"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=51012"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=51012"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}