US Treasury bonds came under pressure in early New York trading. Alphabet announced the launch of 10 bonds, dragging down the long end of the yield curve and driving the 2s10s and 5s30s spreads to intraday highs. On the short side, the report said that if the inflation data released in the next few weeks is too hot, Federal Reserve Chairman Kevin Walsh “will prepare to raise interest rates at the September meeting.” Short-term US bond yields rose after the report was released. US bond yields rose 3 to 4 basis points across the board, with long-term bonds leading the decline, steeper by about 1 basis point in the 2s10s and 5s30s, reaching the widest point in the market. The 10-year US Treasury yield rose to about 4.65%, up 3.5 basis points on the same day.

US Treasury bonds came under pressure in early New York trading. Alphabet announced the launch of 10 bonds, dragging down the long end of the yield curve and driving the 2s10s and 5s30s spreads to intraday highs. On the short side, the report said that if the inflation data released in the next few weeks is too hot, Federal Reserve Chairman Kevin Walsh “will prepare to raise interest rates at the September meeting.” Short-term US bond yields rose after the report was released. US bond yields rose 3 to 4 basis points across the board, with long-term bonds leading the decline, steeper by about 1 basis point in the 2s10s and 5s30s, reaching the widest point in the market. The 10-year US Treasury yield rose to about 4.65%, up 3.5 basis points on the same day.