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Bond yields rip as Fed prepares to turn spigot on monetary stimulus
Sep 23, 2021 | Yahoo Finance
Picture - Bond yields rip as Fed prepares to turn spigot on monetary stimulus

Longer-dated U.S. government bond yields jumped after the Federal Reserve signaled that it would likely start pulling back on its monetary stimulus in November.

Since the Fed’s announcement on Wednesday afternoon, the yield on the U.S. 10-year (^TNX) climbed 10 basis points to as high as 1.41%, a figure not seen since July.

The yield on the U.S. 30-year (^TYX) similarly rose as much as 10 basis points, to 1.92%.

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