Loading ...My JNUG AUG 3 $13 call I bailed on Monday for 9 cents is now bid 3/4
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Interest rates zipping higher even before Fed announcement
- U.S. interest rates are moving higher because the U.S. government is expected to take on more longer-term debt, and global central banks are stepping back from some of the easy policies adopted in the financial crisis.
- The widely-watched 10-year benchmark Treasury yield jumped through 3 percent for the first time since June 13, on a combination of factors, including stronger ADP jobs data, an announcement on Treasury borrowing needs and signs the Bank of Japan may be tweaking its policy.
- The Fed, meanwhile, was meeting Wednesday and was not expected to take action, but analysts expect the 10-year to remain on an upward trajectory at least to Friday’s government jobs report.
Published 20 Mins Ago