Danske Bank says investors are paying closer attention to the 30-year U.S. Treasury yield, which has moved above 5%, according to a report cited by Jin10 and carried by ChainCatcher. Kristoffer Kjaer Lomholt, the bank’s head of fixed income and FX research, said the escalation of conflict in the Middle East has pushed Brent crude close to $100 a barrel, adding inflation pressure ahead of next week’s Federal Open Market Committee meeting. At the time of publication, the 30-year U.S. Treasury yield was up 0.3 basis points at 5.15%, near a two-month high. The report ties the move in long-dated yields and rising oil prices to the policy backdrop facing the Federal Reserve before its next meeting.
According to Jin10, cited by ChainCatcher, Danske Bank’s head of fixed income and FX research, Kristoffer Kjaer Lomholt, said in a report that markets are paying increasing attention to the 30-year U.S. Treasury yield, which is now above 5%.
Lomholt said the escalation of conflict in the Middle East has pushed Brent crude close to $100 a barrel, creating inflation pressure ahead of next week’s Federal Open Market Committee meeting.
As of publication, the 30-year U.S. Treasury yield had risen 0.3 basis points to 5.15%, close to its highest level in two months.
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