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US 10-year Treasury yield rises 0.03 percentage point over week

The US 10-year Treasury yield rose to 4.98% on Nov. 10, up 0.03 percentage point over the week but down 0.26 point from a month earlier.

Updated 2 min read
A man exchanges Nigeria's Naira for US dollars in Lagos in April 2021. Pius Utomi Ekpei/AFP via Getty Images
A man exchanges Nigeria's Naira for US dollars in Lagos in April 2021. Pius Utomi Ekpei/AFP via Getty Images

The US 10-year Treasury yield rose 0.03 percentage point over the week to 4.98% on Nov. 10, according to data distributed by the Federal Reserve Bank of St. Louis through FRED.

The weekly increase left the yield below its 5.24% level on Oct. 9. All four Treasury maturities tracked here rose over the week, while only the three-month yield exceeded its month-earlier level.

The two-year Treasury yield reached 4.73% on Nov. 10, compared with 4.61% on Nov. 3 and 4.80% on Oct. 9, the central bank's data showed. That put its weekly increase at 0.12 percentage point and its monthly decline at 0.07 point.

The three-month bill yield stood at 4.30% on Nov. 10, up from 4.21% on Nov. 3. It rose 0.09 percentage point over the week and 0.05 point from its 4.25% level on Oct. 9.

The 30-year Treasury yield reached 5.35% on Nov. 10, up from 5.32% on Nov. 3. Its weekly increase matched the 10-year yield's 0.03 percentage point rise from 4.95%.

Compared with its 5.60% level on Oct. 9, the 30-year yield fell 0.25 percentage point. The 10-year yield recorded the largest monthly decline among the four maturities, falling 0.26 point.

The two-year yield posted the largest weekly increase among the four maturities. Its rise exceeded the 10-year yield's increase by 0.09 percentage point, narrowing the gap between them over that period.

The separately dated spread between 10-year and two-year yields was positive at 0.24 percentage point on Nov. 12. That means the longer maturity yielded more than the shorter one.

The spread narrowed from a positive 0.32 percentage point on Nov. 4 and a positive 0.42 point on Oct. 13. Those changes amounted to decreases of 0.08 percentage point and 0.18 point, respectively.

The 10-year breakeven inflation rate, the difference between nominal and inflation-indexed yields of the same maturity, stood at 2.24% on Nov. 12. It fell from 2.26% on Nov. 4 and 2.33% on Oct. 13.

The 10-year inflation-indexed yield, the yield on Treasury debt whose principal adjusts with inflation, reached 2.78% on Nov. 10. It rose 0.13 percentage point from 2.65% on Nov. 3 but fell 0.13 point from 2.91% on Oct. 9.

The spread and breakeven readings cover later dates than the Treasury yields. Their weekly comparisons start on Nov. 4 and their monthly comparisons on Oct. 13, rather than Nov. 3 and Oct. 9.

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