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10-year Treasury yield is little changed Thursday



The 10-year U.S. Treasury yield was little changed Thursday, after falling earlier in the day.

The yield on the benchmark 10-year Treasury note was little changed at 3.684% while the yield on the 30-year Treasury bond was little changed at 3.743%. The yield on the 2-year note rose 6 basis points at 4.276%. Yields move inversely to prices.

Bond yields slid earlier in the day following comments from hedge fund manager David Tepper, who said he is “leaning short” given further monetary tightening expected from central banks around the world.

Initial weekly jobless claims rose less than expected for the week ending Dec. 17, rising by 2,000 to 216,000, the Labor Department said Thursday. The number was smaller than a Dow Jones consensus estimate of 220,000.

Global bonds sold off earlier in the week, driving yields higher, after the Bank of Japan unexpectedly tweaked its yield curve controls, in a move aimed at cushioning the effects of protracted monetary stimulus measures.


However, economists largely interpreted the move as a necessary tweak rather than the prelude to a hawkish pivot from the persistently accommodative central bank.

Source: CNBC

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