US 10-year yield surpasses 4% amid Fed rate path reassessment

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US 10-year yield surpasses 4% amid Fed rate path reassessment - Channel News Asia

Quick Summary:

NEW YORK :A gauge of global stocks was little changed on Monday and U.S.

Treasury yields climbed, with the benchmark 10-year note topping 4 per cent as investors reassessed the path of interest rates from the Federal Reserve.The U.S.10-year note climbed to 4.03 per cent, its highest since Aug.

The Bank of Japan said broadening wage hikes were underpinning consumption and prodding more firms in regional areas to pass on rising labor costs, signaling the economy was making progress towards meeting the prerequisite for more interest rate hikes.