US yields are moving to new session highs with the 2-year yield now back above 5.0% as traders price out rate cuts in 2024 even more.
The 2-year yield is trading at its highest level since November 14, 2023. The high-yield in 2023 for the two-year note reached 5.259%.
US 2-year yield at highest level since November 2023
The 10 year yield is at its highest level since November 1, 2023. The high yield for the 10-year bond in 2023 reached 5.021%.
- 2-year yield 5.018%, plus a .1 basis points
- 5-year yield 4.745%, plus a .7 basis points
- 10 year yield 4.731%, +7.7 voice points
- 30-year yield 4.840%, +5.6 basis points
Stocks continue to get hit with the NASDAQ leading the way:
- Dow Industrial Average average -474.0 or -1.23%
- S&P index -70 points or -1.39%
- NASDAQ index -320 points or -1.82%
