10 year yield moves to highest level since November 2022

<p>The US 10 year yield is trading at 4.211%. The high yield rate 4.215%. That has taken the yield above the August for high yield of 4.204% and to the highest level since November 8, 2022. The high yield from 2022 reached 4.335% back on October 21.</p><p>A couple contributing factors include:</p><ul><li>Supply. The US treasury is boosting the size of the treasury auctions to finance surging budget deficits.</li><li>Fitch cut the credit rating of the US government debt from AAA to AA+</li><li>The consumer remains strong with Atlanta for GDPNow estimating Q3 growth at 4.1%</li></ul>

This article was written by Greg Michalowski at www.forexlive.com.