{"id":48344,"date":"2022-06-13T06:53:05","date_gmt":"2022-06-13T06:53:05","guid":{"rendered":"https:\/\/harchi90.com\/2-year-treasury-rate-hits-highest-level-since-2007\/"},"modified":"2022-06-13T06:53:05","modified_gmt":"2022-06-13T06:53:05","slug":"2-year-treasury-rate-hits-highest-level-since-2007","status":"publish","type":"post","link":"https:\/\/harchi90.com\/2-year-treasury-rate-hits-highest-level-since-2007\/","title":{"rendered":"2-year Treasury rate hits highest level since 2007"},"content":{"rendered":"<div id=\"RegularArticle-ArticleBody-5\" data-module=\"ArticleBody\" data-test=\"articleBody-2\" data-analytics=\"RegularArticle-articleBody-5-2\"><span class=\"HighlightShare-hidden\" style=\"top:0;left:0\"\/><\/p>\n<div class=\"group\">\n<p>US Treasury yields surged Monday morning, led by short-term rates, as traders reacted to hotter-than-expected inflation data last week and contemplated a possible recession.<\/p>\n<p>The 2-year rate jumped more than 10 basis points to 3.1535%, reaching its highest level since 2007. The benchmark 10-year Treasury yield also rose, last trading at about 3.1762%, with the two edging closer to an inversion &#8211; which can often signal a recession.  Yields move opposite to the price, and a basis point is equal to 0.01%.<\/p>\n<\/div>\n<div class=\"group\">\n<p>Short-term rates have moved more in the last few days because of their higher sensitivity to Federal Reserve rate hikes, flattening the widely watched yield curve.<\/p>\n<p>A highly anticipated Federal Reserve meeting comes this week, with the central bank expected to announce at least a half-point rate hike on Wednesday.  The Fed has already raised rates twice this year, including a 50-basis-point (0.5 percentage point) increase in May in an effort to stave off the recent inflation surge.<\/p>\n<p>Last week, the US consumer price index, a closely watched inflation gauge, rose by 8.6% in May on a year-over-year basis, its fastest increase since 1981, the Bureau of Labor Statistics reported Friday.  Economists polled by Dow Jones expected a gain of 8.3%.  The so-called core CPI, which strips out volatile food and energy prices, rose 6%.<\/p>\n<p>Meanwhile, the University of Michigan consumer sentiment reading fell to a record low, appearing to accelerate the selling in bonds at the end of last week.<\/p>\n<p>There are no major economic data releases due Monday.<\/p>\n<p><em>&#8211; CNBC&#8217;s Jesse Pound and Sam Meredith contributed reporting.<\/em><\/p>\n<\/div>\n<\/div>\n<p>    .<\/p>\n","protected":false},"excerpt":{"rendered":"<p>US Treasury yields surged Monday morning, led by short-term rates, as traders reacted to hotter-than-expected inflation data last week and contemplated a possible recession. The 2-year rate jumped more than 10 basis points to 3.1535%, reaching its highest level since 2007. The benchmark 10-year Treasury yield also rose, last trading at about 3.1762%, with the &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"https:\/\/harchi90.com\/2-year-treasury-rate-hits-highest-level-since-2007\/\"> <span class=\"screen-reader-text\">2-year Treasury rate hits highest level since 2007<\/span> Read More &raquo;<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"default","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","spay_email":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[8],"tags":[915,229,118,916,926,924,111,519,112,94,521,919,115],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"fifu_image_url":"https:\/\/image.cnbcfm.com\/api\/v1\/image\/107073974-1654848126516-gettyimages-1396919082-dscf4880_2022051230549561.jpeg?v=1654848300&w=1920&h=1080","_links":{"self":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/posts\/48344"}],"collection":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/comments?post=48344"}],"version-history":[{"count":0,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/posts\/48344\/revisions"}],"wp:attachment":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/media?parent=48344"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/categories?post=48344"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/tags?post=48344"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}