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U.S. Treasury yields rose on Friday as recent selling pressure intensified following hawkish Federal Reserve commentary and stronger-than-expected economic data. The benchmark 10-year Treasury note was up more than 4 basis points to 5.209% after reaching its highest rate since June 2007 on Thursday. The 30-year Treasury bond was higher by more than 5 basis points at 5.516% after surging to levels not seen since 2004. The 2-year note yield was up less than 1 basis point at 4.897%. One basis point is equal to 0.01%, and yields and prices move in opposite directions. Investors also weighed a global bond...

President Donald Trump posted on Wednesday afternoon, as he was widely expected to do, fuming about the Federal Reserve’s decision to raise interest rates. “Interest Rates in the United States should be 1%, or less, because we are the Best Credit in the World — BY FAR. Our Country is BOOMING with new Investment!” wrote Trump on Truth Social, adding: If we stopped Trading with every country that we have a Deficit with, which is most of them, we would make, at least, 1.5 Trillion Dollars a year. The word “Deficit” is nothing more than a fancy word for LOSS....

The Federal Reserve on Wednesday approved its first interest rate hike in more than three years and indicated another to come, as part of an effort aimed at combating inflation brought on by spiraling oil prices and other factors. In a move that markets widely anticipated, the central bank’s Federal Open Market Committee voted 12-0 to increase its key interest rate by a quarter percentage point, or 25 basis points. The move brought the overnight funds rate to a target range of 3.75%-4%. “Inflation remains elevated,” the committee said in its brief post-meeting statement. “Today’s policy action will support a...

The benchmark 10-year Treasury yield climbed to its highest levels in 19 years on Tuesday as oil prices surge from the Iran conflict and expectations grow that the Federal Reserve will raise interest rates on Wednesday. The rate milestone could ripple through the economy as the 10-year yield is a benchmark for consumers loans and corporate funding. The 10-year yield was last up more than 3 basis points to around 5%. Earlier in the session, it scaled to 5.041%, the highest since July 2007. One basis point equals 0.01 percentage point, and yields and prices move in opposite directions. The...

Bonds sharply sold off and stocks tumbled Wednesday after Treasury Secretary Scott Bessent’s latest effort to tamp down what he called market “fever” backfired. At 11 a.m. ET, the Treasury Department announced that it would repurchase $6 billion worth of 10- to 20-year government bonds, in the hope that fewer bonds on the market would drive up demand, pushing down rates, or yields, that have soared to levels not seen in decades. But that’s not what happened. Instead, most Treasury yields sharply jumped on the announcement. The 10-year bond yield surged to as high as 4.85%, its highest since November...

President Donald Trump on Friday demanded that the Federal Reserve slash interest rates or else he will cut off trade with countries with which the U.S. maintains trade deficits. Trump issued the sweeping ultimatum in a Truth Social post reacting to a much-stronger-than-expected monthly jobs report by urging the central bank and its chairman, Kevin Warsh, to “get smart” and cut rates. Read Trump’s full post: Great jobs number just announced, breaking all estimates (except mine!) by double and triple - And you haven’t seen anything yet! EMPLOYERS ADDED 162,000 JOB IN AUGUST. Lower the interest rates because the U.S.A....

Bond yields climbed Thursday, erasing most of the pullback they saw the previous day after the Treasury Department announced an intervention aimed at easing pressure on longer-dated government debt. The yield on the 30-year U.S. Treasury bond — the primary focus of the accelerated buyback — was up more than 4 basis points at 5.236%. Yields on 10-year U.S. Treasurys — the main benchmark for mortgages, auto loans and credit card debt — moved more than 4 basis points higher to 4.696%. The 10- and 30-year yield levels were right around the level they held before the 8:30 a.m. announcement...

The Treasury Department on Wednesday said it will more than double the size of its government debt repurchases, sending yields sharply lower at a time of substantial market stress. With fixed income markets under pressure and yields surging to levels not seen in nearly 20 years, the announcement targets the sensitive longer-duration part of the Treasury market. Under the accelerated buyback, Treasury, led by Secretary Scott Bessent, will target the 10- to 20- year and 20- to 30-year portion of the market, which has seen a buyers’ strike since late June. The government will “at least double” the maximum size...

Treasury yields were higher on Monday as traders looked ahead to the latest FOMC minutes due later in the week. The 30-year Treasury yield, which is typically sensitive to geopolitical events, advanced more than 4 basis points to 5.311%. It reached its highest level since June 2007. The 10-year Treasury note yield — the main benchmark for mortgages, auto loans and credit card debt — was more than 2 basis points higher at 4.724%. The yield on the 2-year Treasury note, which typically reacts in line with short-term Federal Reserve interest rate decisions, rose more than 1 basis point to...

Dallas Federal Reserve President Lorie Logan, asserting that this week’s good inflation news wasn’t good enough, called Thursday for “modestly” higher interest rates to win a battle the central bank has been losing for the past five years. A voting member this year on the rate-setting Federal Open Market Committee, Logan insisted that inflation is still a major problem for U.S. households that demands action from policymakers. While other Fed officials have expressed a preference for higher rates if inflation metrics don’t improve, Logan’s is the most specific call for a hike. “I currently believe modestly higher interest rates would...

Kevin Warsh’s first meeting as Federal Reserve chairman concluded Wednesday with no change in interest rates, the removal of key language indicating a bias toward future cuts, and a dramatically shorter policy statement. The Federal Open Market Committee voted unanimously to keep its benchmark overnight borrowing rate anchored in a range of 3.5%-3.75%. The federal funds rate has held there since the central bank lowered rates by three-quarters of a percentage point in the latter part of 2025. With a bevy intrigue over Warsh taking the central bank helm, the meeting followed the same pattern as the others this year...

An unusually divided Federal Reserve on Wednesday held its key interest rate steady as policymakers grappled with the policy impact of persistent inflation and awaited a looming leadership transition at the central bank. In what may have been Chair Jerome Powell’s final meeting at the helm, the rate-setting Federal Open Market Committee voted to hold the benchmark funds rate in a range between 3.5%-3.75%. Markets had been pricing in a 100% chance of no change.

President Donald Trump said the U.S. should have the "lowest interest rates in the world" and argued that rate cuts would significantly reduce federal borrowing costs during an interview Tuesday on FOX Business’ "Kudlow." "This country should have the lowest interest rates in the world," Trump told host Larry Kudlow. "We keep the world going." Trump tied interest rates to government interest expenses, saying that changes of a few points could significantly alter federal finances. "Every point is $600 billion," Trump said. "All he has to do if we went down two points, we don't have a deficit anymore," he...

The Federal Reserve on Wednesday voted to take a break from a recent run of interest rate cuts, as the central bank navigates questions about its independence and awaits a new leader. Meeting market expectations, the central bank’s Federal Open Market Committee voted to keep its key interest rate in a range between 3.5%-3.75%. The decision put a halt to three consecutive quarter percentage point reductions, billed as maintenance moves to guard against potential downturns in the labor market. In voting to hold the line, the committee raised its assessment of economic growth. It also eased its concerns about the...

The chairman of the new House subcommittee aimed at uncovering the truth behind the Jan. 6 riot at the U.S. Capitol in Washington, D.C., says his panel is concerned about the dozens of paid, federal informants present during the demonstrations, and is concerned that the intelligence they gathered was not properly shared with law enforcement. “One thing that we have learned, and this came on the tail end of the Biden administration, when their Department of Justice admitted that they had many, I mean, more than two dozen, paid informants embedded in the crowd,” Rep. Barry Loudermilk, R-Ga., told the...

Rates are much higher in states that have closed nuclear and fossil-fuel generation plants. Electricity prices are rising, and Democrats are making it a campaign issue. They blame the price hike on President Trump and congressional Republicans, who ended Biden-era renewable-energy subsidies in the One Big Beautiful Bill Act. But prices are actually soaring because of plant closures and natural-gas shortages in blue states, all in the name of green energy. Energy Department data show that electricity prices in California, Connecticut, Maine, Maryland, Massachusetts and New York have risen more than 30% in the past five years compared with just...

Regional bank stocks tumbled on Thursday after Zions Bancorp said it would write off fraudulent loans made to two borrowers, adding to investors’ fears about lending standards and stress in credit markets. Zions Bancorp (ZION) on Thursday said it had recently identified “what it believes to be apparent misrepresentations and contractual defaults” by two borrowers. As a result, it plans to write off $50 million of the $60 million outstanding on the affected loans. Shares of Zions dropped 13% on Thursday, leading regional banks lower. The KBW Regional Banking Index fell 6%. The recent bankruptcies of two companies in the...

WASHINGTON – The Federal Reserve on Wednesday approved a widely anticipated rate cut and signaled that two more are on the way before the end of the year as concerns intensified over the U.S. labor market even as inflation is still in the air. In an 11-to-1 vote signaling less dissent than Wall Street had anticipated, the Federal Open Market Committee lowered its benchmark overnight lending rate by a quarter percentage point. The decision puts the overnight funds rate in a range between 4.00%-4.25%. Newly installed Governor Stephen Miran was the only policymaker voting against the quarter-point move, instead advocating...

“I want to present some facts to the president of the United States, and I imagine this is alarming to the president to learn these facts.” – California Gov. Gavin Newsom. In one of his endless attempts to grab a headline, California Gov. Gavin Newsom last week taunted President Donald Trump, saying that if he’s serious about fighting crime, he should be sending the National Guard to red states such as Louisiana, which has a murder rate far higher than California. Newsom’s attempt to troll the president failed on Sunday, when Homeland Security Secretary Kristi Noem took the attention-starved governor...

NEW YORK (AP) — A top official at the Federal Reserve said Saturday that this month’s stunning, weaker-than-expected report on the U.S. job market is strengthening her belief that interest rates should be lower. Michelle Bowman was one of two Fed officials who voted a week and a half ago in favor of cutting interest rates. Such a move could help boost the economy by making it cheaper for people to borrow money to buy a house or a car, but it could also threaten to push inflation higher. Bowman and a fellow dissenter lost out after nine other Fed...