Investments

Ten-year Treasury yield rise to highest levels since September

The yield on the benchmark 10-year Treasury security rose the most since October yesterday as lawmakers approved a budget averting income-tax increases for more than 99 percent of households, breaking an impasse about how to avert the so-called fiscal cliff.

Lawmakers must next tackle the U.S. debt ceiling, which reached its $16.4 trillion limit on Dec. 31. Losses may be tempered as the 10-year note yield touched 1.86 percent, the highest since Sept. 17 and a level that indicates the security may be oversold.

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Unemployment rate falls to 11.1% in June

The unemployment rate in the U.S. fell to 11.1% in June, with a footnote in the report saying a “misclassification” error means the rate may be as much as a percentage point higher.

Jul 02, 2020 By
3d rendering of a row of luxury townhouses along a street

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