PRESS ROOM
Treasury yields bounce back at the start of August
Friday 13th August '21
10-year US Treasury yields have bounced back from below 1.2% at the start of August to 1.36% (as of 11 August 2021). This is still meaningfully below the recent peak of over 1.7% at the end of March. Strong US jobs report in July is likely to influence the decision making of the US Federal Reserve when it meets next in September. By then, the central bank will also have the inflation figures of July and August which, if high again, could challenge the Fed’s recent narrative of inflation being transitory.