Longer-dated U.S. government bond yields jumped after the Federal Reserve signaled that it would likely start pulling back on its monetary stimulus in November.
Since the Fed’s announcement on Wednesday afternoon, the yield on the U.S. 10-year (^TNX) climbed 10 basis points to as high as 1.41%, a figure not seen since July.
The yield on the U.S. 30-year (^TYX) similarly rose as much as 10 basis points, to 1.92%.
Polaris Wealth Advisory Group Managing Partner Jeff Powell said that he expects…
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