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10-year Treasury yield rises on GDP revision as investors await Powell speech

Por: CNBC Business November 30, 2022

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The yield whipsawed Wednesday following new jobs and gross domestic product data while as investors awaited a key speech from Federal Reserve Chair Jerome Powell later in the day that could provide clues on monetary policy going forward.The benchmark rate traded 4 basis point higher at 3.792%. The 30-year bond yield gained nearly 4 basis point to 3.838%.Yields and prices move in opposite directions. One basis point is equal to 0.01%.Treasurys... + full article



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