US Treasury yields rose on Wednesday the first day of June, with investors focused on rising inflation and rising interest rates.
Yield on Benchmark 10 year treasury note It climbed 2 basis points to 2.8658% at 4 a.m. ET. yield on 30 Year Treasury Bond increased by 1 basis point to 3.0664%. The return is the opposite of prices and is equal to 1 basis point 0.01%.
Rising prices across the globe remain a major concern for investors Euro area inflation hits 8.1% in MayAccording to the data released on Tuesday.
The impact of the increase in central bank interest rates on economic growth also remains a matter of concern for investors. Federal Reserve Governor Christopher Waller said: Comment given in Frankfurt, Germany on Monday That he is “not taking 50-basis-point growth off the table” unless he sees inflation approaching the central bank’s 2% target.
Will Hobbs, chief investment officer at Barclays Wealth & Investments, told CNBC’s “Squawk Box Europe” on Wednesday that looking at multiple inflation forecasts for a year from now, “the range from top to bottom is as wide as we have seen.” Have seen it. Since the early 80s.”
“So you’ve got such great uncertainty about the outlook for inflation, people aren’t quite sure yet whether central banks are going to do enough, are we in this new paradigm for inflation and that creates additional uncertainty globally. economy which is being affected by huge forces,” he said.
The April Job Openings and Labor Turnover Survey is due out at 10 a.m. ET, in reference to data to be released Wednesday. May’s construction data, along with April’s construction spending data, is expected to be released at 10 a.m. ET.
Auction of 30 billion pounds of 119-day bills is to be held on Wednesday.